Apr.15 SHNG 2012

SHNG 2012

Out.shares                 4,764,056,287

MarCap                      17,055,321,507.46 

Equity attributable to parent company: 20.248 billion pesos

Capital: 4.764 billion pesos

Add-in capital: 834 million pesos

Retained earnings: 14.655 billion pesos  

Assets: 35.968 billion pesos

Total current asset: 7.0 billion pesos

Cash and cash equivalent: 1.601 billion pesos

Liabilities: 12.790 billion pesos

Revenue 2012: 4.600 billion pesos
Revenue 2011: 2.477 billion pesos
% change: 85.7 %

Net Income Attributable to Parent Company: 
2012: 1.646 billion pesos
2011: 1.057 billion pesos
% change: 55.7%

closing price 15-04-2013: 3.40 pesos
EPS : 0.35 centavos
P/E : 9.7x

B/V per share: 4.25 pesos

Price to book value: 0.80x

Note: Market is price is below Book value

Comparative avg. PE with other companies at 14

TP- 14 X 0.35 = 4.90

Current price to TP: 44% upside

Upcoming developments for Shang Properties include One Shangri-La Place, which enjoyed brisk sales of over 250 units during its one-day exclusive preview last March 10, and the construction of a 6-level Shangri-La Plaza mall expansion.

Construction ongoing for twin towers and next year 2014 completion of the construction.. 
Target turn over date remains 2015.

Dividend History:

YEAR	STOCK	CASH	SPLITS	RIGHTS	EX-DATE	RECORD	PAYABLE
2013	-	0.060	-	-	12-Mar-2013	15-Mar-2013	25-Mar-2013
2012	-	0.040	-	-	12-Sep-2012	17-Sep-2012	30-Sep-2012

50% up in dividends from previous

Other notes:

Return on Equity:       8.1 %
Return on Assets:      4.6%
Net income margin:    36% 

Current ratio:           2.81 
Debt-to-equity:         0.63