New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (₱26m revenue, or US$420k). Minor Risk Market cap is less than US$100m (₱761.0m market cap, or US$12.4m). 공고 • Aug 12
Keppel Philippines Properties, Inc. to Report Q2, 2026 Results on Aug 12, 2026 Keppel Philippines Properties, Inc. announced that they will report Q2, 2026 results on Aug 12, 2026 공고 • Feb 13
Forward Synergy Group, Inc. entered into a share purchase agreement to acquire 86.83% stake in Keppel Philippines Properties, Inc. (PSE:KEP) from Keppel Management Ltd., Kepwealth Property Phils., Inc. (PSE:KPPI), Molten Pte. Ltd. and Keppel Ltd. (SGX:BN4) for approximately PHP 470 million. Forward Synergy Group, Inc. entered into a share purchase agreement to acquire 86.83% stake in Keppel Philippines Properties, Inc. (PSE:KEP) from Keppel Management Ltd., Kepwealth Property Phils., Inc. (PSE:KPPI), Molten Pte. Ltd. and Keppel Ltd. (SGX:BN4) for approximately PHP 470 million on February 12, 2026. A cash consideration of PHP 472.66 million valued at PHP 1.8526 per share will be paid by Forward Synergy Group, Inc. As part of consideration, PHP 472.66 million is paid towards common equity of Keppel Philippines Properties, Inc.
The Transaction is subject to the fulfillment of certain conditions precedent, including the conduct of a mandatory tender offer by Forward Synergy Group, Inc. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Filipino stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.8% per year over the past 5 years. Revenue is less than US$1m (₱20m revenue, or US$338k). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₱646.4m market cap, or US$11.0m). New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings have declined by 4.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.8% per year over the past 5 years. Revenue is less than US$1m (₱20m revenue, or US$337k). Minor Risk Market cap is less than US$100m (₱605.3m market cap, or US$10.2m). New Risk • Aug 15
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₱24m (US$419k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (₱24m revenue, or US$419k). Minor Risk Market cap is less than US$100m (₱764.0m market cap, or US$13.4m). 공고 • Mar 06
Keppel Philippines Properties, Inc., Annual General Meeting, Apr 24, 2025 Keppel Philippines Properties, Inc., Annual General Meeting, Apr 24, 2025, at 09:30 W. Australia Standard Time. Location: 26/f, the podium west tower, adb avenue, wack-wack greenhillseast, mandaluyong Philippines Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₱3.13, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 5x in the Real Estate industry in Philippines. Total returns to shareholders of 937% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: ₱0.02 loss per share (vs ₱0.01 loss in 3Q 2023) Third quarter 2024 results: ₱0.02 loss per share (further deteriorated from ₱0.01 loss in 3Q 2023). Net loss: ₱7.00m (loss widened 144% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: ₱0.46 (vs ₱0.009 loss in 2Q 2023) Second quarter 2024 results: EPS: ₱0.46 (up from ₱0.009 loss in 2Q 2023). Net income: ₱136.2m (up ₱138.8m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Jun 14
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. 5 non-independent directors. Independent Director Leonardo Arguelles was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Apr 16
Keppel Philippines Properties, Inc., Annual General Meeting, Jun 14, 2024 Keppel Philippines Properties, Inc., Annual General Meeting, Jun 14, 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings released: ₱0.01 loss per share (vs ₱0.13 profit in 3Q 2022) Third quarter 2023 results: ₱0.01 loss per share (down from ₱0.13 profit in 3Q 2022). Revenue: ₱12.4m (down 76% from 3Q 2022). Net loss: ₱2.87m (down 108% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. New Risk • Aug 17
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₱205m (US$3.6m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Revenue is less than US$5m (₱205m revenue, or US$3.6m). Market cap is less than US$100m (₱2.11b market cap, or US$37.3m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: ₱0.01 loss per share (vs ₱1.22 profit in 2Q 2022) Second quarter 2023 results: ₱0.01 loss per share (down from ₱1.22 profit in 2Q 2022). Revenue: ₱12.0m (down 97% from 2Q 2022). Net loss: ₱2.68m (down 101% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₱0.20 (vs ₱0.30 in 1Q 2022) First quarter 2023 results: EPS: ₱0.20 (down from ₱0.30 in 1Q 2022). Revenue: ₱70.9m (down 29% from 1Q 2022). Net income: ₱59.6m (down 32% from 1Q 2022). Profit margin: 84% (down from 89% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 99% After last week's 99% share price gain to ₱9.45, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 8x in the Real Estate industry in Philippines. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₱4.70, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 9x in the Real Estate industry in Philippines. Total returns to shareholders of 34% over the past three years. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₱1.85 (vs ₱1.79 in FY 2021) Full year 2022 results: EPS: ₱1.85 (up from ₱1.79 in FY 2021). Revenue: ₱597.2m (up 2.5% from FY 2021). Net income: ₱542.2m (up 3.1% from FY 2021). Profit margin: 91% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공고 • Feb 13
Keppel Philippines Properties, Inc. Announces Board Changes This is to advise the Philippine Stock Exchange of the resignation of Mr. Ng Kwang Keng Samuel Henry as President, Chairman and Member of the Board of Directors of Keppel Philippines Properties, Inc. (KEP) effective 10 February 2023 due to a New Corporate Assignment. On 10 February 2023, the Board of Directors of KEP elected Mr. Tan Kuang Liang as President, Chairman and Member of the Board of Directors effective 10 February 2023, to serve the unexpired portion of Mr. Ng Kwang Keng Samuel Henry's term. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ₱0.13 (vs ₱0.012 loss in 3Q 2021) Third quarter 2022 results: EPS: ₱0.13 (up from ₱0.012 loss in 3Q 2021). Revenue: ₱51.7m (up ₱44.2m from 3Q 2021). Net income: ₱38.1m (up ₱41.7m from 3Q 2021). Profit margin: 74% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 5 non-independent directors. Independent Director Leonardo Arguelles was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ₱1.22 (vs ₱0.04 loss in 2Q 2021) Second quarter 2022 results: EPS: ₱1.22 (up from ₱0.04 loss in 2Q 2021). Revenue: ₱375.3m (up ₱370.5m from 2Q 2021). Net income: ₱359.7m (up ₱370.5m from 2Q 2021). Profit margin: 96% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 공고 • Jun 14
Keppel Philippines Properties, Inc. Approves Management Appointments the board of directors of Keppel Philippines Properties, Inc. at organization meeting held on 10 June 2022, approved the appointment of Kang Siew Fong as Country Head and Executive Committee Member; Jona Arrol V. Cabrera as Corporate Treasurer; Pamela Ann T. Cayabyab as Assistant Corporate Secretary. Appointment of Chairmen, Members of Various Committees, Lead Independent Director and Compliance Officer: Executive Committee: Ng Kwang Keng Samuel Henry – Chairman; Ma. Melva E. Valdez, Kang Siew Fong and Stefan Tong Wai Mun as members; Audit, Risk Management and Compliance Committee: Ramon J. Abejuela, Chairman (Lead Independent Director), Celso P. Vivas (Independent Director), Leonardo R. Arguelles, Jr. (Independent Director) and Stefan Tong Wai Mun; Governance, Nomination and Compensation Committee: Celso P. Vivas, Chairman (Independent Director), Ramon J. Abejuela (Lead Independent Director), Leonardo R. Arguelles, Jr. (Independent Director). 공고 • Jun 13
Keppel Philippines Properties, Inc. Approves Election of Kang Siew Fong as Director for the Year 2022-2023 Keppel Philippines Properties, Inc. at annual meeting held on 10 June 2022, elected the Kang Siew Fong as Director for the year 2022-2023. Reported Earnings • May 07
Full year 2021 earnings released: EPS: ₱1.79 (vs ₱0.30 loss in FY 2020) Full year 2021 results: EPS: ₱1.79 (up from ₱0.30 loss in FY 2020). Revenue: ₱582.6m (down 1,857% from FY 2020). Net income: ₱525.7m (up ₱613.2m from FY 2020). Profit margin: 90% (down from 264% in FY 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. 공고 • May 06
Keppel Philippines Properties, Inc., Annual General Meeting, Jun 10, 2022 Keppel Philippines Properties, Inc., Annual General Meeting, Jun 10, 2022, at 10:30 Singapore Standard Time. Agenda: To consider amendment of By-Laws; to consider Presentation and Approval of Y2021 Annual Report and Audited Financial Statements; to consider Ratification of Acts and Proceedings of the Board of Directors, Officers and Management of the Corporation during the Year under Review; to consider Election of Directors; to consider presentation of directors' remuneration for year 2021; to consider Appointment of External Auditor for year 2022; and to consider other matters. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Leonardo Arguelles was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2021 earnings released: ₱0.01 loss per share (vs ₱0.089 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: ₱7.48m (down 153% from 3Q 2020). Net loss: ₱3.58m (loss narrowed 86% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ₱0.04 loss per share (vs ₱0.26 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: ₱4.82m (down 108% from 2Q 2020). Net loss: ₱10.7m (loss narrowed 86% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 06
New 90-day low: ₱3.00 The company is down 9.0% from its price of ₱3.30 on 04 December 2020. The Filipino market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₱3.98 The company is up 35% from its price of ₱2.95 on 18 September 2020. The Filipino market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 31% over the same period. 공고 • Nov 16
Keppel Philippines Properties, Inc. Announces Resignation of Atty. Stephanie Maree N. Dysangco as Assistant Corporate Secretary This is to advise the Securities and Exchange Commission and the Philippine Stock Exchange of the resignation of Atty. Stephanie Maree N. Dysangco as Assistant Corporate Secretary of Keppel Philippines Properties, Inc. effective 13 November 2020 as she will be joining the government service. Reported Earnings • Nov 15
Third quarter 2020 earnings released: ₱0.09 loss per share Third quarter 2020 results: Net loss: ₱26.1m (loss narrowed 29% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 17
New 90-day low: ₱2.81 The company is down 7.0% from its price of ₱3.02 on 17 July 2020. The Filipino market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 4.0% over the same period.