ABS-CBN Holdings Discloses 9M2016 8% Income Growth

MANILA, Philippines – ABS-CBN Holdings Corporation (PSE:ABS) reports its fiscal results for the past nine months of 2016 with eight percent revenues increase from P4.21 million to P4.52 million against last year.

The revenues of the company are inclusive of Philippine Depository Receipt (PDR) holders’ reimbursement, interest income, and exercise fees. The compensation from PDR bearers decreased from P4.1 million to P3.99 million for the past nine months of 2016. This is three percent plunge or P116,933 worth of reduction.

On the other hand, interest income decreased from P82,754 to P69,542 for the three quarters, which is a 16 percent drop equivalent to P316,465. Moreover, the exercise fees increased from P20,000 to P466,610.

Operating expenses rose by eight percent from P4.21 million to P4.52 million due to listing maintenance fee climb. The unexpired portion of this measure amounted to P560,000.

From last year’s record ending December 31, 2015, cash and cash equivalents climbed by 12.48 percent or P13.42 million. This is due to received cash dividends in May 2016. Other current assets increment refers to the listing fee’s unexpired share.

ABS-CBN Holdings disclosed its current liabilities totaled to P13.99 million, which is higher compared to last full year’s registration of P11.93 million. These debts are inclusive of trade and notes 7, 11, 12, and 13 payables.

For the third quarter of the year, the company’s revenues slightly increased from P1.35 million to P1.37 million. Operating expenses for the third quarter increased from P1.4 million to P1.45 million.

The current ratio of its assets and liabilities stood at 1.00 as of September 30, 2016. On the other hand, its net debt and equity ratio remained flat at zero. Asset-to-equity and interest rate coverage ratios are zero.

The profitability ratio of the company for its gross profit margin is zero. Lastly, its net income margin for the nine-month end is zero, similar to last year’s record.

ABS-CBN Holdings was incorporated on March 30, 1999 in the Philippines as Worldtech Holdings Corporation. The primary purpose of the company is to invest, purchase, and hold personal and real properties. The properties include but not limited to bonds, stocks, debentures, notes, and borrowings evidence among others. The Securities and Exchange Commission (SEC) of the country approved the corporate name change to ABS-CBN Holdings Corporation on September 16, 1999.

Half of the company’s stake is owned by Lopez, Inc., which is a Philippine entity. The other half is owned by directors and officers of the company.

Here’s some additional pieces of information about ABS’ top 10 players’ sentiment, volatility, and volume. There’s no foreign fund flow chart because ABS is not open to foreign investors.

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Nov-03-2016 to Nov-15-2016 at 03:30PM:

  • 12 out of 26 participants or 46.15% of all participants registered a 100% BUYING activity
  • 7 out of 26 participants or 26.92% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 45.8692
  • Top 10 Players’ Selling Average: 46.0086

ABS - ABS-CBN CORPORATION - Top 10 Players' Sentiment - November 15, 2016

Risk Level

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

ABS - ABS-CBN CORPORATION - Volatility - November 15, 2016


ABS has no major liquidity issues.

ABS - ABS-CBN CORPORATION - Volume - November 15, 2016

About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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