Friday, February 9, 2018

First Abacus Financial Holdings Corporation (FAF)

This posting may contain out of date contents.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
First Abacus Financial Holdings Corporation (FAF)
Sector
Financials
Incorporation Date
Feb 15, 1994
Subsector
Other Financial Institutions
Number of employees
63 (Group Total)
Board of Directors
Chairman: Paulino S. Soo
Website / E-mail
http://www.firstabacusfinancial.com.ph / customerservice@abacus-sec.com
2. Stock Information
Total Assets
6,506,571,729
Market Capitalization
775,580,000.00
Total Liabilities
4,310,751,908
Outstanding Shares
1,193,200,000
Retained Earnings
-566,798,010
Listed Shares
1,193,200,000
Listing Date
Nov 17, 1994
Issued Shares
1,193,200,000
Board Lot
1,000
Free Float Level (%)
81.05%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORPORATION (FILIPINO)
SOO, PAULINO S.
ABACUS CAPITAL AND INVESTMENT CORP.
70.84%
11.14%
04.99%
4. Company Descriptions and Business Development
Notes
1. Paulino S. Soo, Chairman of the Board, is the brother of Jimmy S. Soo.
Overview
It is engaged in, through its wholly subsidiaries, stock brokerage activities, investment banking, real estate business and other financial services.

Business
Revenue contribution in 2016 (in million pesos)
Finance income
Commissions
Management fees
230
146
40
55.29%
35.1%
9.62%
Finance Income is mainly from sale of financial assets (P150 millions).

Subsidiaries / Associates / Affiliates / Joint Ventures
Abacus Capital & Investment Corporation (ACIC, 100%) is engaged in investment banking activities, management services, and treasury and other financial services.
Abacus Securities Corporation (ASC, 100% by ACIC) is engaged in stock brokering services.
Vista Holdings Corporation (VHC, 100% by ACIC) is a real estate holding company.

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