Announcement • May 26
AbaCore Capital Holdings, Inc., Annual General Meeting, Jul 09, 2026 AbaCore Capital Holdings, Inc., Annual General Meeting, Jul 09, 2026, at 10:00 W. Australia Standard Time. Location: sotogrande katipunan hotel, 181 katipunan ave, project 4., quezon Philippines New Risk • Apr 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 484% Last year net profit margin: 32,820% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (484% net profit margin). Revenue is less than US$5m (₱218m revenue, or US$3.6m). Market cap is less than US$100m (₱1.42b market cap, or US$23.7m). Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: ₱0.24 (vs ₱0.60 in FY 2024) Full year 2025 results: EPS: ₱0.24 (down from ₱0.60 in FY 2024). Net income: ₱1.05b (down 60% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. New Risk • Dec 23
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 8.0% 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 Risk Revenue is less than US$1m (₱56m revenue, or US$955k). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱1.35b market cap, or US$23.0m). New Risk • Aug 25
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₱25m (US$437k) 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 (₱25m revenue, or US$437k). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₱2.66b market cap, or US$46.9m). New Risk • May 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Filipino stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (₱8.0m revenue, or US$144k). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₱2.39b market cap, or US$42.8m). Reported Earnings • May 04
Full year 2024 earnings released: EPS: ₱0.60 (vs ₱0.56 in FY 2023) Full year 2024 results: EPS: ₱0.60 (up from ₱0.56 in FY 2023). Net income: ₱2.63b (up 7.4% from FY 2023). 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 24% per year, which means it has not declined as severely as earnings. New Risk • Apr 08
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 9.2% 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: Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₱133m revenue, or US$2.3m). Market cap is less than US$100m (₱1.98b market cap, or US$34.6m). Announcement • Mar 28
AbaCore Capital Holdings, Inc., Annual General Meeting, Aug 14, 2025 AbaCore Capital Holdings, Inc., Annual General Meeting, Aug 14, 2025. Announcement • Mar 20
AbaCore Capital Holdings, Inc. Announces Board Changes AbaCore Capital Holdings, Inc. announced that businessman and gaming tycoon Willy N. Ocier resigned as a director for personal reasons. Mr. Ocier, who had served on the board since 2007, will be replaced by his daughter, Mischel Gabrielle O. Mendoza, AbaCore said in a regulatory filing. Ms. Mendoza will serve the remainder of Mr. Ocier’s term. Mr. Ocier holds multiple leadership roles across various companies. He is chairman and president of listed lottery company Pacific Online Systems Corp. and co-vice chairman of integrated resort developer and operator Belle Corp. Ms. Mendoza is an executive director of Pacific Online and a director of Total Gaming Technologies, Inc. She holds a bachelor’s degree in management engineering from Ateneo de Manila University and has completed certificate courses at Tsinghua University in China and Josai International University in Japan. New Risk • Dec 16
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 7.4% 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₱133m revenue, or US$2.3m). Market cap is less than US$100m (₱2.55b market cap, or US$43.5m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₱0.021 (vs ₱0.001 in 2Q 2023) Second quarter 2024 results: EPS: ₱0.021 (up from ₱0.001 in 2Q 2023). Net income: ₱90.4m (up ₱86.7m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Announcement • May 31
AbaCore Capital Holdings, Inc., Annual General Meeting, Aug 01, 2024 AbaCore Capital Holdings, Inc., Annual General Meeting, Aug 01, 2024, at 10:00 W. Australia Standard Time. Location: sotogrande katipunan hotel, 181 katipunan ave., project 4, quezon Philippines Reported Earnings • May 16
First quarter 2024 earnings released: ₱0.003 loss per share (vs ₱0.071 profit in 1Q 2023) First quarter 2024 results: ₱0.003 loss per share (down from ₱0.071 profit in 1Q 2023). Net loss: ₱14.7m (down 105% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: ₱0.56 (vs ₱0.46 in FY 2022) Full year 2023 results: EPS: ₱0.56 (up from ₱0.46 in FY 2022). Net income: ₱2.45b (up 21% from FY 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₱1.39, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 7x in the Real Estate industry in Philippines. Total returns to shareholders of 25% over the past three years. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: ₱0.017 (vs ₱0.009 in 3Q 2022) Third quarter 2023 results: EPS: ₱0.017 (up from ₱0.009 in 3Q 2022). Revenue: ₱96.7m (up 242% from 3Q 2022). Net income: ₱75.3m (up 95% from 3Q 2022). Profit margin: 78% (down from 137% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
AbaCore Capital Holdings, Inc. (PSE:ABA) announces an Equity Buyback for PHP 45 million worth of its shares. AbaCore Capital Holdings, Inc. (PSE:ABA) announces a share repurchase program. Under the program, the company will repurchase up to PHP 45 million worth of its shares. The program will be valid till September 2025. As of September 22, 2023, the company had 4,185,934,029 outstanding shares. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: ₱0.001 (vs ₱0 in 2Q 2022) Second quarter 2023 results: EPS: ₱0.001 (up from ₱0 in 2Q 2022). Revenue: ₱28.9m (up 90% from 2Q 2022). Net income: ₱3.73m (up 106% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. New Risk • Aug 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₱5.06b (US$89.5m) This is considered a minor risk. Companies with a small market capitalization 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 Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (352% net profit margin). Market cap is less than US$100m (₱5.06b market cap, or US$89.5m). New Risk • Aug 09
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 7.0% 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: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (352% net profit margin). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₱2.15, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 6x in the Real Estate industry in Philippines. Total returns to shareholders of 351% over the past three years. Announcement • Jul 04
AbaCore Capital Holdings, Inc., Annual General Meeting, Aug 03, 2023 AbaCore Capital Holdings, Inc., Annual General Meeting, Aug 03, 2023, at 10:00 Singapore Standard Time. Location: SotoGrande Katipunan Hotel, 181 Katipunan Ave., Project 4, Quezon City Quezon City Philippines Agenda: To consider the Approval of minutes of previous stockholders' meeting; to approve the President's report to the stockholders; to consider the Approval of audited financial statements as of December 31, 2022; to consider the Election of directors, including independent directors; to consider the Appointment of transfer agent; to consider the Appointment of external auditors; and to consider other matters. Reported Earnings • May 03
Full year 2022 earnings released: EPS: ₱0.46 (vs ₱1.20 in FY 2021) Full year 2022 results: EPS: ₱0.46 (down from ₱1.20 in FY 2021). Net income: ₱2.02b (down 57% from FY 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₱2.57, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 8x in the Real Estate industry in Philippines. Total returns to shareholders of 231% over the past three years. Announcement • Oct 07
AbaCore Capital Holdings, Inc. Announces Board Resignations AbaCore Capital Holdings, Inc. announced that the board of directors has accepted the resignations of Mr. William Y. Tieng and Mr. Wilson Y. Tieng, at the board meeting held on October 6, 2022. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₱2.58, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 8x in the Real Estate industry in Philippines. Total returns to shareholders of 208% over the past three years. Announcement • Jun 29
AbaCore Capital Holdings, Inc., Annual General Meeting, Jul 28, 2022 AbaCore Capital Holdings, Inc., Annual General Meeting, Jul 28, 2022, at 10:00 China Standard Time. Location: The SotoGrande Katipunan Hotel, 181 Katipunan Ave. Project 4 Quezon City Philippines Agenda: To consider the president's report to the stockholders; to consider the approval of audited financial statements as of December 31, 2021; to consider the ratification of acts of directors and officers since the previous annual stockholders' meeting; to consider the election of directors, including independent directors; to consider the ratification of 2020 conversion of cash to stock dividend; to consider the appointment of transfer agent; to consider the appointment of external auditors; to consider the other matters; and to consider the other resolutions. Reported Earnings • May 31
First quarter 2022 earnings released: ₱0.003 loss per share (vs ₱0.024 profit in 1Q 2021) First quarter 2022 results: ₱0.003 loss per share (down from ₱0.024 profit in 1Q 2021). Net loss: ₱12.6m (down 117% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Reported Earnings • Nov 23
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: ₱0.005 loss per share (up from ₱0.006 loss in 3Q 2020). Net loss: ₱20.4m (loss widened 26% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS ₱0.003 (vs ₱0.008 loss in 2Q 2020) Second quarter 2021 results: Net income: ₱12.0m (up ₱34.5m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Reported Earnings • Jun 13
First quarter 2021 earnings released: EPS ₱0.024 (vs ₱0.001 in 1Q 2020) First quarter 2021 results: Net income: ₱74.8m (up ₱72.3m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • Mar 19
AbaCore Capital Holdings, Inc. (PSE:ABA) agreed to acquire Libertad Logistics Integrated Zone Builders Development Corporation. AbaCore Capital Holdings, Inc. (PSE:ABA) agreed to acquire Libertad Logistics Integrated Zone Builders Development Corporation on March 17, 2021. The transaction was approved by the board of directors of AbaCore Capital Holdings, Inc. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₱1.03, the stock is trading at a trailing P/E ratio of 8.4x, down from the previous P/E ratio of 10.1x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total returns to shareholders over the past three years are 398%. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 31% share price gain to ₱1.18, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 7.3x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total returns to shareholders over the past three years are 470%. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 88% share price gain to ₱1.35, the stock is trading at a trailing P/E ratio of 11x, up from the previous P/E ratio of 5.8x. This compares to an average P/E of 10x in the Real Estate industry in Philippines. Total returns to shareholders over the past three years are 531%. Is New 90 Day High Low • Jan 08
New 90-day high: ₱0.75 The company is up 60% from its price of ₱0.47 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 Real Estate industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: ₱0.69 The company is up 44% from its price of ₱0.48 on 11 September 2020. The Filipino market is up 20% 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. Reported Earnings • Nov 22
Third quarter 2020 earnings released: ₱0.006 loss per share Third quarter 2020 results: Net loss: ₱16.3m (loss narrowed 50% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Nov 20
Third quarter 2020 earnings released: ₱0.006 loss per share Third quarter 2020 results: Net loss: ₱16.3m (loss narrowed 50% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Is New 90 Day High Low • Nov 04
New 90-day high: ₱0.51 The company is up 7.0% from its price of ₱0.47 on 06 August 2020. The Filipino market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: ₱0.46 The company is down 2.0% from its price of ₱0.47 on 08 July 2020. The Filipino market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 8.0% over the same period. 
