Annuncio • Jul 10
Premium Leisure Corp.(PSE:PLC) dropped from PSE All Share Index Premium Leisure Corp. has been dropped from Philippines All Share Index Annuncio • Mar 13
Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC). Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC) on March 11, 2024. The transaction was approved by the Board of Directors of Belle Corporation. First Metro Investment Corporation acted as fairness opinion provider for Belle Corporation. Annuncio • Mar 12
Premium Leisure Plans to Voluntarily Delist from the Philippine Stock Exchange Premium Leisure Corp. announced it plans to voluntarily delist from the Philippine Stock Exchange (PSE). In a regulatory filing on March 11, 2024, the company said the board of its parent firm Belle Corporation had approved the conduct of a tender offer for all of the former’s outstanding common shares. “The tender offer will be for the purpose of the voluntary delisting of PLC shares from the PSE,” it said. PLC holds a stake in the City of Dreams Manila integrated entertainment and gaming complex in Parañaque City. In a separate stock exchange disclosure, Belle Corp. said that it had engaged the First Metro Investment Corp. (FMIC) as an independent third party to conduct a valuation study and to issue a fairness opinion report. “The tender offer price, timing, and other terms and conditions shall be determined and finalized upon receipt and acceptance by the board of directors of Belle Corp. of the fairness opinion report of FMIC; and the same shall be disclosed in due course,” the company said. The voluntary delisting announcement came more than a week after PLC announced a growth of 85% in net income to P2.32 billion last year due to higher gaming and lottery revenues, as well as improved mass and VIP operations at City of Dreams Manila. PSE data showed that PLC has a public float level of 20.1%, slightly above the 20% requirement. As of March 11, 2024, PLC has a market capitalization of PHP 22.79 billion and has 31.22 billion outstanding shares. The trading of PLC shares was suspended March 11, 2024 afternoon and will resume trading at 9 a.m. on March 12, 2024 following the planned voluntary delisting announcement. Reported Earnings • Mar 02
Full year 2023 earnings released Full year 2023 results: Revenue: ₱2.94b (up 41% from FY 2022). Net income: ₱2.19b (up 89% from FY 2022). Profit margin: 74% (up from 56% in FY 2022). The increase in margin was primarily driven by higher revenue. Annuncio • Feb 29
Premium Leisure Corp., Annual General Meeting, Apr 22, 2024 Premium Leisure Corp., Annual General Meeting, Apr 22, 2024, at 11:00 Singapore Standard Time. Location: City of Dreams Manila, Entertainment City, Cor. Macapagal Ave., Aseana Ave., Paranaque city Paranaque City Philippines Agenda: To consider and approve the Minutes of the Annual Meeting of Stockholders held on April 24, 2023; to consider and approve the 2023 Operations and Results; to consider and approve the election of directors for 2024-2025; to consider and appoint External Auditor; to consider and approve the ratification of all Acts of the Board of Directors, Board Committees and Management during their term of office; and to consider other matters of business. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: ₱0.02 (vs ₱0.011 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.02 (up from ₱0.011 in 3Q 2022). Revenue: ₱717.1m (up 17% from 3Q 2022). Net income: ₱630.3m (up 84% from 3Q 2022). Profit margin: 88% (up from 56% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: ₱0.038 (vs ₱0.017 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.038 (up from ₱0.017 in 2Q 2022). Revenue: ₱689.1m (down 7.0% from 2Q 2022). Net income: ₱593.5m (up 14% from 2Q 2022). Profit margin: 86% (up from 70% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
First quarter 2023 earnings released: EPS: ₱0.019 (vs ₱0.009 in 1Q 2022) First quarter 2023 results: EPS: ₱0.019 (up from ₱0.009 in 1Q 2022). Revenue: ₱893.9m (up 99% from 1Q 2022). Net income: ₱578.2m (up 98% from 1Q 2022). Profit margin: 65% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Buying Opportunity • Mar 06
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be ₱0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 6.7%. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: ₱0.038 (vs ₱0.039 in FY 2021) Full year 2022 results: EPS: ₱0.038 (down from ₱0.039 in FY 2021). Revenue: ₱2.08b (up 21% from FY 2021). Net income: ₱1.16b (down 2.9% from FY 2021). Profit margin: 56% (down from 69% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Jan 18
Premium Leisure Corp. Announces CFO Changes Premium Leisure Corp. announced that the Corporation's Board of Directors held on January 17, 2023, the Board approved the hiring of Ms. Whilczel D. Canlas as the Chief Financial Officer and Treasurer of the Corporation to serve replacement of Ms. Maria Neriza C. Banaria. Ms. Canlas, 43, is an experienced Financial Controller with proven record of establishing cross-functional partnerships to deliver stellar results. Global strategic leader driving operations within marketing, sales, analytics, supply chain, business development areas in multinational companies. Currently connected with: Techlog Center of the Philippines - Asurion Previously connected with: Los Banos Doctors' Hospital, Nippon Paint Philippines, Ascendas Philippines Corporation, DHL Supply Chain She graduated from Colegio de San Juan de Letran - Calamba with a degree in Accountancy in 1999. Ms. Canlas is a Certified Forensic Accountant, Certified Internal Control Accountant, Certified Financial Accountant, Certified Credit Risk Account, and a Certified Public Accountant. Annuncio • Jan 17
Premium Leisure Corp., Annual General Meeting, Apr 24, 2023 Premium Leisure Corp., Annual General Meeting, Apr 24, 2023, at 10:00 Singapore Standard Time. Agenda: To consider and approve the 2022 Operations and Results; to consider Ratification of all Acts of the Board of Directors and Management during their term of office; to consider Election of Directors for 2023-2024; to consider Appointment of External Auditors; and to consider Other Matters. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: ₱0.011 (vs ₱0.011 in 3Q 2021) Third quarter 2022 results: EPS: ₱0.011 (in line with 3Q 2021). Revenue: ₱615.3m (up 138% from 3Q 2021). Net income: ₱343.3m (down 2.9% from 3Q 2021). Profit margin: 56% (down from 137% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. Annuncio • Aug 25
Premium Leisure Corp. Announces Director Changes Premium Leisure Corp. announced that Mr. Roberto V. Antonio was elected as one of the Independent Directors of the Company replacing Mr. Jaime J. Bautista. Effective date of appointment is August 24, 2022. Mr. Antonio, 60, is currently the President of Kalimera Inc., RVA and Sons Inc., RVA International Trading Corporation, and La Salle Greenhills Foundation. He is also the Vice Chairman of Right Eight Security Agency Inc. He also serves as a Consultant for Mustang Holdings Inc. and Board Member of the La Salle Greenhills Alumni. Mr. Antonio served as one of the Department of Tourism's Undersecretaries from 1998-2000 and Senior Consultant from 2004-2010. He graduated from De La Salle University with a degree in Economics major in Marketing Management in 1984. He obtained his Juris Doctor (candidate) at the Ateneo De Manila University Law School in 1989. He finished his Masters in Business Economics at the University of Asia and the Pacific in 1997. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: ₱0.017 (vs ₱0.009 in 2Q 2021) Second quarter 2022 results: EPS: ₱0.017 (up from ₱0.009 in 2Q 2021). Revenue: ₱741.1m (up 62% from 2Q 2021). Net income: ₱519.5m (up 84% from 2Q 2021). Profit margin: 70% (up from 62% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • Jul 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Maria Gracia Pulido-Tan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 30
Premium Leisure Corp. Announces Resignation of Mr. Jaime J. Bautista as Independent Directors Premium Leisure Corp. announced Mr. Jaime J. Bautista tendered his resignation as independent directors effective June 29, 2022. Mr. Bautista is expected to be formally appointed as Secretary of the Department of Transportation when the incomingPresident Ferdinand Marcos, Jr. assumes office, June 30, 2022. Upcoming Dividend • May 04
Upcoming dividend of ₱0.05 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 26 May 2022. The company is paying out more than 100% of its profits and is paying out 98% of its cash flow. Trailing yield: 8.6%. Within top quartile of Filipino dividend payers (4.7%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 29
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: ₱448.4m (down 19% from 1Q 2021). Net income: ₱292.8m (down 5.6% from 1Q 2021). Profit margin: 65% (up from 56% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.3%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 04
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ₱0.039 (up from ₱0.017 in FY 2020). Revenue: ₱1.73b (up 79% from FY 2020). Net income: ₱1.19b (up 131% from FY 2020). Profit margin: 69% (up from 54% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 64%, compared to a 32% growth forecast for the restaurants industry in Philippines. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annuncio • Mar 01
Premium Leisure Corp., Annual General Meeting, Apr 28, 2022 Premium Leisure Corp., Annual General Meeting, Apr 28, 2022, at 10:00 Singapore Standard Time. Agenda: to consider and approve 2021 Operations and Results; to consider and ratify of all Acts of the Board of Directors and Management during their term of office; to consider and elect of directors for 2022-2023; and to consider and appoint external auditors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS ₱0.011 (vs ₱0.001 loss in 3Q 2020) Third quarter 2021 results: Revenue: ₱258.7m (up 119% from 3Q 2020). Net income: ₱353.4m (up ₱394.1m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS ₱0.009 (vs ₱0.009 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and profit margins, although earnings were improved. Second quarter 2021 results: Revenue: ₱457.0m (down 332% from 2Q 2020). Net income: ₱281.8m (up ₱565.8m from 2Q 2020). Profit margin: 62% (down from 144% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Board Change • Jul 31
High number of new directors Lead Independent Director Juan Victor Tanjuatco was the last director to join the board, commencing their role in 2021. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ₱0.01 (vs ₱0.011 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: ₱553.9m (down 11% from 1Q 2020). Net income: ₱310.0m (down 8.4% from 1Q 2020). Profit margin: 56% (up from 54% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS ₱0.017 (vs ₱0.072 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₱963.7m (down 76% from FY 2019). Net income: ₱517.6m (down 77% from FY 2019). Profit margin: 54% (down from 57% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 23% per year. Executive Departure • Mar 27
Non-Executive Director has left the company On the 26th of March, A. Bayani Tan's tenure as Non-Executive Director ended after 22.8 years in the role. As of December 2020, A. Bayani personally held only 2.00m shares (₱890k worth at the time). A. Bayani is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 12
New 90-day low: ₱0.41 The company is down 1.0% from its price of ₱0.42 on 11 December 2020. The Filipino market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 11% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: ₱0.50 The company is up 59% from its price of ₱0.32 on 09 October 2020. The Filipino market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₱0.45 The company is up 37% from its price of ₱0.33 on 17 September 2020. The Filipino market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 44% over the same period. Annuncio • Dec 15
Premium Leisure Corp., Annual General Meeting, Apr 26, 2021 Premium Leisure Corp., Annual General Meeting, Apr 26, 2021, at 09:00 China Standard Time. Is New 90 Day High Low • Nov 14
New 90-day high: ₱0.39 The company is up 37% from its price of ₱0.28 on 14 August 2020. The Filipino market is up 15% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Hospitality industry, which is also up 37% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of ₱571.5m, down 74% from the prior year. Total revenue was ₱1.37b over the last 12 months, down 69% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day high: ₱0.34 The company is up 10.0% from its price of ₱0.30 on 23 July 2020. The Filipino market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 14% over the same period. 
