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MANILA, Philippines – DMCI Holdings, Inc. (PSE:DMC) discloses its three-quarter financial results and highlights a 35 percent jump in its sales.
As of September 2016, the mid-segment developer had 5,842 residential units’ selloff and reservations. This record is an increase by 35 percent from its last year registration of 4,331 units.
The sales growth drove the revenues higher from P13.8 billion to P19 billion this year. It is a 38 percent increase from last year’s record of the same period. Projects that attracted buyers the most are Lumiere Residences, Brixton Place, and Sheridan Towers. The residential developments are all located in Pasig City.
The company registered a 63 percent decrease in its net income at P1 billion. This is due to revenue recognition holdover from its accomplished tower block projects.
DMCI unveiled five new projects this year. During the second quarter, Verdon Parc in Davao City, Alea Residences in Bacoor City, and Brixton Place in Pasig City were launched. In the third quarter, Calathea Place in Sucat, Parañaque City was introduced. For the fourth quarter, the company is expected to unveil the Balintawak Cloverleaf-located The Celandine in Quezon City.
Before the year ends, the property developer is also set to bring in two additional projects. The first is the luxury waterfront property called Oak Harbor Residences. The residential area will be located in Bay City. This is the first project under DMCI Homes Exclusive line and would range from P9 to P34 million.
The second project is a two-tower high-rise development named Infina Towers. The twin towers will be located in Katipunan, Quezon City.
Twelve new buildings among the company’s projects are ready for tenancy as announced by the management. These buildings are under projects, namely, Verawood Residences, Arista Residences, The Birchwood, Outlook Ridge Residences, Zinnia Towers, Levina Place, and One Castilla Place.
The power corporation of DMCI announced that it plans to build a 3×6.3MW bunker-fired power plant in Irawan, Puerto Princesa City upon the Palawan Electric Cooperative (PALECO)’s request. The power plant is expected to be operational by 2017’s fourth quarter.
Here’s some additional pieces of information for DMC.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-14-2016 at 03:30PM:
- 5 out of 72 participants or 6.94% of all participants registered a 100% BUYING activity
- 9 out of 72 participants or 12.50% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 12.4482
- Top 10 Players’ Selling Average: 12.4117
30-day Foreign Fund Flow
On a 30-day trading period, DMC is on a Net Foreign Buying worth PHP164,230,326.00.
DMC has a low risk level based on our proprietary risk level indicator.
DMC has no liquidity issues.