May 24- ALPHA 1Q 2013

ALPHA 1Q 2013

1,984,322,351                -Out.shares
34,725,641,142              -MarCap

36.342 billion pesos        -Equity attributable to parent company

1.838 billion pesos          -Capital stock
8.280 billion pesos          -Retained earnings

4.797 billion pesos          -Current Assets
52.567 billion pesos        -Total Asset

225.2 million pesos         -Cash and cash equivalent
13.791billion pesos         -Liabilities

Revenue: 1Qs

142.656 million pesos     -2013
119.033 million pesos     -2012
% change: 19.85 %

Net Income 1Qs: Operation

402.540 million pesos     -2013
375.070 million pesos     -2012

% change:  7.3%

Annualized income: 1.6B

closing price 17-05-2013: 17.5 pesos
ANNUALIZED EPS : 81 centavos
P/E : *21.6X (expensive for me)

*While many projects have been operational, we will expect this to contribute to earnings and put down the PE to a more conservative level.

B/V per share: 18.32 pesos
Price to book value: 0.96x
Note: Market price is below Book value


Projects:

Alphaland Southgate Tower- fully develop

Alphaland Makati Place- one of the highest residential buildings along Ayala Avenue, Makati City with 55 floors.

Alphaland Balesin lsland- as of December 31st, 2012 the Club is substantially completed and is already operating

Alphaland Tower- the 34-storey Alphaland ower will rise on a 2,400s square meter property along Ayala Avenue which is know near completion d slated for delivery within the first half of 2013

Alphaland Boracay Gateway Country Club- Situated in a sprawling 500-hectare property in the Northern tip of Nabas, Aklan Panay Island. The property faces the world-famous Boracay Island. With the proposed Caticlan Airport International Airport and the Boracay Jetty is only five minutes drive away. Alphalang can truly build a gateway development and a spectacular destination itself.

Alphaland Bay City- 32 hectares planned premiums seaside residential, commercial and business located along Manila bay beside the Mall of Asia compound.

Alphaland Marina Club- Alphaland bay City’s centerpiece is a modern Marina Club that provies world-class yachiting facilities for 300 yachts, including super and mega yachts.

Shangri-La at the Fort-  20% stake in the Shangri-la at the fort project. Six star hotel

Silang Property- acquired 300,000 square meers, more or less, in Silang cavite. Expect property values to further appreciate once the government completes the 62Billion 11.7 km light rail transit (LRT) Line 1 project, which will extend the existing LRT line from Baclaran (Paranaque) to Bacoor (Cavite)

Other notes:

Return on Equity: 4.4 %
Return on Assets: 3.04 %
Net income margin: 182% 

Current ratio: 0.82 
Debt-to-equity: 0.38

Happy Investing