Thursday, February 8, 2018

Cosco Capital, Inc. (COSCO)

This posting may contain out of date contents.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
Cosco Capital, Inc. (COSCO)
Sector
Holding Firms
Incorporation Date
Jan 19, 1988
Subsector
Holding Firms
Number of employees
6,267 (Group Total)
Board of Directors
Chairman: Lucio L. Co
Website / E-mail
http://www.coscocapital.com / coscocapitalinc@gmail.com
2. Stock Information
Total Assets
103,532,467,884
Market Capitalization
54,943,071,781.80
Total Liabilities
26,220,829,867
Outstanding Shares
7,374,908,964
Retained Earnings
37,381,090,587
Listed Shares
7,405,263,564
Listing Date
Sep 26, 1988
Issued Shares
7,405,263,564
Board Lot
100
Free Float Level (%)
27.00%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Lucio L. Co.
Susan P. Co.
PCD Non-Filipino
PCD Filipino
30.29%
23.77%
18.05%
17.01%
4. Company Descriptions and Business Development
Notes
1. Share buy-back program is on-going.
2. Related companies: COSCO, PGOLD and PBC, DAVIN
    Lucio L. Co is the chairman of Da Vinci Capital Holdings, Inc. (DAVIN, a listed company) and a director of Philippine Bank of Communications (PBC, a listed company, owns 37.7%).
Overview
COSCO, formerly Alcorn Gold Resources Corporation, was originally engaged in mining, oil and gas exploration. COSCO is an investment holding company with diversified portfolio of business interests in grocery retailing, liquor distribution, specialty retailing and commercial real estate. The company pays Lucio L. Co royalty fees of 1/20 of 1% of the company’s net sales for the use of “Puregold” trademark which he owns.


Business
Revenu contribution in 2016 (in million pesos)
Grocery retail
Real estate
Oil & Mining
Specialty retail
Liquor distribution
112,589
2,325
0
10,460
5,900
85.77%
1.77%
0%
7.97%
4.49%

Oil & Mining
It has interests in several Service Contracts but they are not yet operational.
Specialty Retail
Office Warehouse recorded 1,530 million pesos.
Liquigaz recorded 8,930 million pesos.

Subsidiaries / Associates / Affiliates / Joint Ventures
Puregold Price Club, Inc. (PGOLD, 51%)
Ellimac Prime Holdings, Inc. owns 42 properties. PGOLD is the main customer.
Fertuna Holding Corporation,, Patagonia Holdings Corp, Nation Realty, Inc
Pure Petroleum Corp. (PPC) has a fuel terminal facility in SBMA. It has 9 fuel storage tank with a total capacity of 90 million liters.
Montosco Inc, imports and distributes all levels of brandies and wines such as Alfonso Brandy and Vino Fontana. Meritus Prime Distributions, Inc sells Jim Beam, William Grant & Sons. Premier Wine and Spirits, Inc. sells Chivas Regal Scotch Whisky, Absolut Vodka, etc.
Alcorn Petroleum and Minerals Corporation sells petroleum products.
Liquigaz Philippines Corporation (90%) sells LPG. It holds a market share of 24%. It has 2 import terminals with total capacity of 29,000 MT.
Office Warehouse is a one-stop shop store for quality office solutions. It has 71 outlets.

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