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RWM Registered 13% Gross Profit Increase

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Stock Signals Philippines

We guide Filipino stock traders and investors on how to plan their trades INDEPENDENTLY and how to execute them PROFITABLY.
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MANILA, Philippines – Travellers International Hotel Group, Inc. (PSE:RWM) reported a 13 percent increase in its gross revenues to P7.1 billion against last year record.

The owner and operator of Resorts World Manila reported a 35 percent climb in its earnings before interest, tax, depreciation and amortization (EBITDA) at P1.9 billion. Its net profit had an uptrend by 154 percent and stood at P1.2 billion during the same period.

The gross profit from the gaming segment continues to increase. Recently, a 14 percent growth was reported at P6.2 billion. This is higher compared to last year’s registration. Increased volumes across all segments contributed to the revenue climb.

Alternatively, the non-gaming sectors of the company, which include hotel and Food & Beverage, had two percent increase from last year to P859.2 million.

The total compensation of the company increased due to higher revenues in gaming business. The promotional allowance declined by 27 percent to P594.4 million. This was countervailed by 21 percent increment in administrative and general expenses worth P2.3 billion. The direct costs ended at P2.7 billion, an eight percent climb.

As of September 30, 2016, the hotel group’s total cash position is P12.4 billion, which is driven by its expansion projects boost. The borrowings cost totaled to around P17.6 billion with P14.4 billion notes payable. This is due to weakening bout of Philippine peso against U.S. dollar. Net debt position of the company is valued at P5.2 billion.

Travellers’ three hotel brands (Remington Hotel, Marriott Hotel Manila, and Maxims Hotel) maintained their strong occupancy rate at 85 percent. The three hotels have a total room count of 1,226.

The Marriot West Wing is anticipated to open before the year ends, which will increase the company’s room count to more than 1,450. The project will include Sheraton Manila Hotel, Hilton Manila, and Maxims II, which will be operational by 2018. The launch will also make Resorts World Manila the largest integrated hotel and resorts owner in the country.

Here’s some additional information for RWM.

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-14-2016 at 03:30PM:

  • 21 out of 48 participants or 43.75% of all participants registered a 100% BUYING activity
  • 10 out of 48 participants or 20.83% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 3.2361
  • Top 10 Players’ Selling Average: 3.2359

RWM - TRAVELLERS INTERNATIONAL HOTEL - Top 10 Players' Sentiment - November 14, 2016

30-day Foreign Fund Flow

On a 30-day trading period, RWM is on a Net Foreign Selling worth PHP5,660,030.00.

RWM - TRAVELLERS INTERNATIONAL HOTEL - Foreign Fund Flow - November 14, 2016
Risk Level

RWM has a low risk level based on our proprietary risk level indicator.

RWM - TRAVELLERS INTERNATIONAL HOTEL - Volatility - November 14, 2016
Volume

RWM’s daily volume is on a normal level.

RWM - TRAVERWM - TRAVELLERS INTERNATIONAL HOTEL - Volume - November 14, 2016

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