Friday, February 9, 2018

MacroAsia Corporation (MAC)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
MacroAsia Corporation (MAC)
Sector
Services
Incorporation Date
Feb 16, 1970
Subsector
Transportation Services
Number of employees
4,183 (Group Total)
Board of Directors
Chairman: Lucio C. Tan
Website / E-mail
http://www.macroasiacorp.com / info@macroasiacorp.com
2. Stock Information
Total Assets
6,141,005,756
Market Capitalization
25,954,315,560.00
Total Liabilities
1,364,886,973
Outstanding Shares
1,227,154,400
Retained Earnings
2,894,019,411
Listed Shares
1,250,000,000
Listing Date
May 21, 1970
Issued Shares
1,250,000,000
Board Lot
100
Free Float Level (%)
21.93%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PAL Holdings, Inc. (formerly Baguio Gold Holdings Corporation)
Conway Equities, Inc.
Pan Asia Securities Corp.
Solar Holdings Corp.
7.17 %
06.94 %
05.90 %
04.81 %
4. Company Descriptions and Business Development
Notes
1.  Related companies:  LTG, PAL, MAC and PNB
2. Lucio C. Tan is the husband of Carmen K. Tan; father of Lucio K. Tan, Jr., Michael G. Tan; father-in-law of Mr. Joseph T. Chua.
Washington Z. SyCip is the father-in-law of Atty. Florentino M. Herrera III, Corporate Secretary.
3. TrustMark Holdings Corp. owns 89.78% of PAL Holdings.
Overview
It was a mining company but evolved into a holding company.

Business
Revenue contribution in 2016
In-flight and other catering
Ground handling and aviation
Rental and administrative
Charter flights
Water
Exploratory drilling fees
1,446,366,278
678,771,599
188,796,035
11,775,699
6,256,102
2,991,504
61.94%
29.07%
8.09%
0.5%
0.27%
0.13%
In-flight and other catering segment refers to servicing of meal requirements of certain foreign and domestic passenger airlines and of certain non-airline institutional accounts.
Water treatment and distribution segment is operated through SNVRDC and BTSI.


Subsidiaries / Associates / Affiliates / Joint Ventures
MacroAsia Catering Services, Inc. (67%) is the dominant caterer of foreign airlines in NAIA (more than 60% of the in-flight catering market).
MacroAsia Airport Services Corporation (MASCORP,100%) services the ground handling requirements of commercial passenger, cargo and military aircrafts.
MacroAsia Properties Development Corporation owns 67% of Boracay Tubi System, Inc. (BTSI). It also invested other water projects. It also owns parcels of land near airports and leases land inside airports.
MacroAsia Air Taxi Services, Inc.(100%) is a chartering subsidiary.
MacroAsia Mining Corporation has two MPSAs in Palawan.
Lufthansa Technik Philippines, Inc. (49%) is a JV between MASCORP and Lufthansa Technik AG of Germany. It provides aircraft maintenance, repair and overhaul services especially Airbus 380.
Cebu Pacific Catering Services, Inc. (40%) provides catering services in Cebu airport.
SNV Resources Development Corp. (SNVRDC, 100%)
Boracay Tubi System, Inc. (BTSI, 67%)

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MARKET ISSUES

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