Tuesday, February 6, 2018

A Brown Company, Inc. (BRN)

This article may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
A Brown Company, Inc. (BRN)
Sector
Property
Incorporation Date
Dec 21, 1966
Subsector
Property
Number of employees
 182 (Group Total)
Board of Directors
Chairman emeritus: Walter W. Brown, Chairman: Robertino E. Pizarro
Website / E-mail
http://www.abrown.ph / abci_headoffice@abrown.ph
2. Stock Information
Total Assets
5,310,627,970
Market Capitalization
2,353,784,515.45
Total Liabilities
2,535,485,870
Outstanding Shares
2,477,667,911
Retained Earnings
240,524,173
Listed Shares
2,079,437,823
Listing Date
Feb 08, 1994
Issued Shares
2,477,668,925
Board Lot
1,000
Free Float Level (%)
45.03%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORPORATION
BROWN, WALTER W.
JIN NATURA RESOURCES CORPORATION
PBJ CORPORATION
80.73%
08.50%
04.90%
03.57%
4. Company Descriptions and Business Development
Notes
1. In late 2017, the total outstanding shares increased 20.49% because of the conversion of debts and deposits into equities. It will increase listed shares by 398,230,088 from the above mentioned numbers.
Overview
BRN is primarily engaged in the business of real estate development.  BRN, through its subsidiaries, also ventured into oil palm nursery and seedlings distribution, palm oil milling, operation of hotels, real estate brokerage, power generation, and investment in gold mining assets.


Business
Its main business is real estate development. It, through its subsidiaries, ventured into oil palm nursery and seedlings distribution, palm oil milling, operation of hotels and real estate brokerage, power generation, bulk water service and mining.
Revenue contribution in 2016
Sales of products
Financial Income
Rental
Discount on Loans Payable
Sale of Investment properties
Equity income from Associates
484,069,000
10,503,000
5,058,000
3,565,000
72,351,000
0
84%
2%
1%
1%
12%
0%

Sales of product includes real estate, palm oil, water service, Hotel operations, palm olein, palm stearin, palm seedling.  Real estate and palm oil sale is the main source.
Financial Income is mainly from in-house housing loan interest.
Rental
Discount on Loans Payable is the discount on non-interest bearing loan from stock holders.
Gain on Sale of Investment properties is just one-time gain from the sale of transportation equipment.
Equity income from Associates is the share income from PSPC and PEI. There was no income in this year.

Subsidiaries / Associates / Affiliates / Joint Ventures
A BROWN ENERGY AND RESOURCES DEVELOPMENT, INC.(ABERDI,100%) is engaged in manufacturing and trading goods such as crude oil and petroleum products. It is developing 894 hectares land into a commercial palm plantation under the contract with farmer’s association. It operates now mini palm oil milling facilities with 50MT/day capacity.
NAKEEN CORPORATION (100%owned by ABERDI) handles oil palm nursery and plantations operations.
Peakpower Energy Inc. (PEI, 20%) a holding company of all Peakpower project subsidiaries. Peakpower Soccsargen Inc. (PSI) is a 20.9MW Diesel/Bunker-Fired Power Plant. Peakpower San Francisco Inc. (PSFI) is a 5.2MW Diesel/Bunker-Fired Power Plant. Peakpower Bukidnon Inc. (PBI) is a 10.4MW Diesel/Bunker-Fired Power Plant.
Brown Resources Corp.
Palm Thermal Consolidated Holdings, Corp.(PTCHC, 100%) is a mere holding company of PCPC.
Hydro Link Projects Corp (HLPC, 100%) is a permit securing stage for  a 16 MW hydro power plant.
Masinloc Consolidated Power, Inc. (49%) has not yet started commercial operations.
PhiGold Limited.(18.70%) 
PALM CONCEPCION POWER CORPORATION (PCPC), is 20% owned by PTCHC, operates a 135 MW coal-fired power plant.
AB BULK WATER COMPANY, INC. (ABWCI, 100%)
APEX MINING COMPANY, INC.(APEX) – 6.24% owned by ABCI

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...