Friday, February 9, 2018

PAL Holdings, Inc. (PAL)

This posting may contain out of date contents.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
PAL Holdings, Inc. (PAL)
Sector
Services
Incorporation Date
May 10, 1930
Subsector
Transportation Services
Number of employees
2,611 (Group Total)
Board of Directors
Chairman: Lucio C. Tan
Website / E-mail
http://www.philippineairlines.com/pal_holdingsinc/pal_holdingsinc.jsp
2. Stock Information
Total Assets
138,256,344,000
Market Capitalization
124,182,560,480.00
Total Liabilities
127,711,365,000
Outstanding Shares
24,836,512,096
Retained Earnings
-22,625,926,000
Listed Shares
22,421,567,685
Listing Date
Jan 04, 1954
Issued Shares
24,836,567,685
Board Lot
100
Free Float Level (%)
10.22%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
TRUSTMARK HOLDINGS CORPORATION
89.78%
4. Company Descriptions and Business Development
Notes
1. Buona Sorte Holdings, Inc. (BSHI), a company of Lucio Tan Group, owns 60% of Trustmark.
2. Related companies: LTG, PAL and PNB, MAC
3. Lucio C. Tan is the father of Lucio K. Tan, Jr., Michael G. Tan, and John G. Tan.
Carmen K. Tan is the wife of Dr. Lucio C. Tan.
Joseph T. Chua is the son-in-law of Dr. Lucio C. Tan.
Overview
It was incorporated as a mining company but transformed into a holding company. It acquired controlling shares of Philippine Airlines, Inc. in 2006. It owns 15 aircrafts, 15 under finance lease and 52 under operating lease.


Business
Revenue contribution in 2016
Passenger
Cargo
96,292,100,000
6,930,600,000
93%
7%

Subsidiaries / Associates / Affiliates / Joint Ventures
Philippine Airlines, Inc. (97.92%)

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MARKET ISSUES

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