IPO Analysis: Robinsons Retail Holdings Inc. (RRHI)

Is it good to invest in the initial public offering (IPO) of Robinsons Retail Holdings?

The truth is, no one can certainly say if it will be profitable to invest in any IPO. In the past, several companies had their stock prices shot up immediately after the IPO, giving instant profits to investors, while some had its stock price plunge after the IPO, only to recover months or even years later.

There’s no tried and tested formula to determine if a company’s IPO is worth investing in. But it helps to have guidance from the country’s top stock brokerage firms!

One useful source of information is PinoyInvestor, a premium stocks newsletter that consolidates stock picks, company analyses, and broker reports from five of the Philippines’ top stock brokers.

In this week’s issue, the PinoyInvestor Stocks Report offers a comprehensive analysis and recommendation on the upcoming IPO of Robinsons Retail Holdings Inc. (RRHI).

Here are basic information about the RRHI initial public offering.

Robinsons Retail Holdings Inc. (RRHI)

Robinsons Retail Holdings owns various retail brands found in Robinsons and other malls. It has over 30 years of experience in the retail industry and is considered one of the major retailers in the Philippines. Starting with one department store in 1980, Robinsons expanded into supermarkets in 1985 and then to DIY (“Do It Yourself”) stores in 1994. Robinsons grew more with convenience stores, specialty stores and drug stores and has set up stores for known local and international brands such as Handyman, True Value, Topshop, Dorothy Perkins, Mini Stop, South Star Drug, Saizen, Daiso, G2000 and Toys R Us. At present, Robinsons has 75 supermarkets, 36 department stores, 114 DIY stores, 345 convenience stores, 223 drug stores and 147 specialty stores all over the Philippines.

In its initial public offering, Robinsons is offering 461.90 million shares at an average price of P60.50 per share (indicative price range of P55 to P66 per share) with an over-allotment option of 22.85 million shares. The company will raise at least P27.95 billion, without the over-allotment option, 86% of which shall be used for the expansion of supermarkets, convenience stores and other stores. The other 7% of the proceeds will be used for renovation of existing stores. Remaining funds will be used for debt payment and other general purposes.

Should you invest in the RRHI IPO?

To learn more about the valuation, profitability, and financial condition of Travellers Hotel Group, sign up or login to PinoyInvestor to access this week’s Stocks Report. The report also contains the recommendation of Angping Securities as regards the RRHI IPO.


By the way, PinoyInvestor currently has an ongoing promo where you can get for FREE iPhone 5S, iPad, iPad Mini, Samsung Galaxy S4 and SM and Ayala Malls gift certificates.

Read it here: PinoyInvestor’s FREE iPhone, iPad, Gadgets Giveaway!

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

1 thought on “IPO Analysis: Robinsons Retail Holdings Inc. (RRHI)”

  1. Hello there, simply changed into aware of your weblog via Google, and found that it is truly informative. I am gonna watch out for brussels. I will be grateful in the event you continue this in future. Numerous folks can be benefited out of your writing. Cheers!|


Leave a Comment