Friday, February 9, 2018

Metro Alliance Holdings & Equities Corp. (MAH)

This posting may contain out of date contents.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
Metro Alliance Holdings & Equities Corp. (MAH)
Sector
Services
Incorporation Date
Oct 10, 1929
Subsector
Transportation Services
Number of employees
372 (Group Total)
Board of Directors
Chairman:  Renato B. Magadia 
Website / E-mail
2. Stock Information
Total Assets
616,952,320
Market Capitalization
128,571,429.00
Total Liabilities
501,082,216
Outstanding Shares
183,673,470
Retained Earnings
-220,263,726
Listed Shares
183,673,470
Listing Date
Dec 08, 1947
Issued Shares
183,673,470
Board Lot
1,000
Free Float Level (%)
24.07%
Par Value
1.00
Foreign Ownership Limit
0%
3. Major Stock Holders (common shares)
Creston Global Limited
Chesa Holdings, Inc
Pacific Wide Realty & Dev. Corp.
Forum Holdings Corporation
18.42%
13.23%
10.29%
09.74%
4. Company Descriptions and Business Development
Notes
1. Trading is suspended since 2007.
2. Vynex Signs Philippines, Inc. offered to buy out majority shares in late 2017.
3. It was a holding company of Wellex, Inc. (WIN, a listed company)
Overview
It was incorporated as a trading company. It has several subsidiaries but only MCLSI is operating businesses. Some of its customers are Rustans, Johnson & Johnson Phil and Interphil Lab. It leases several warehouses for its operation.


Business
I recorded P180 millions of service revenue in 2016.

Subsidiaries / Associates / Affiliates / Joint Ventures
Metro Combined Logistics Solutions, Inc(MCLSI, 51%) is engaged in contract logistics and supply chain management services
Polymax Worldwide Limited (Polymax) is under liquidation process.

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

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...