Saturday, February 10, 2018

Republic Glass Holdings Corporation (REG)

This posting may contain out of date contents.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
Republic Glass Holdings Corporation (REG)
Sector
Holding Firms
Incorporation Date
Aug 30, 1956
Subsector
Holding Firms
Number of employees
5 (Group Total)
Board of Directors
Chairman: Geronimo F. Velasco, Jr. Director: Bienvenido A. Tan, Jr.
Website / E-mail
http://www.repglass.net / fcw@rghc.net
2. Stock Information
Total Assets
1,766,177,000
Market Capitalization
1,773,370,643.20
Total Liabilities
128,311,000
Outstanding Shares
682,065,632
Retained Earnings
931,472,000
Listed Shares
738,314,299
Listing Date
Jul 17, 1959
Issued Shares
738,314,299
Board Lot
1,000
Free Float Level (%)
24.76%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Gervel, Inc.
Metropolitan Management Corp.
67.57%
07.02%
4. Company Descriptions and Business Development
Notes
1. Geronimo F. Velasco, Jr is the president/ceo of Gervel, Inc.  Gervel is from his name.
Overview
It was a flat glass manufacturer for decades but it’s an investing holding company. Its activities are focused on the purchase of money market placements, government and corporate investment grade bonds and other financial instruments.

Business
Revenue contribution in 2016
Investment Income
Rental Income
82,849,000
59,000
100%
0%


Subsidiaries / Associates / Affiliates / Joint Ventures
Science Park of the Philippines, Inc. (SPPI, 12.3%) has around 600-hectare industrial estates developed or being developed. It includes LISP III (109-ha, Sto. Tomas), Cebu Light Industrial Park (62-ha), Hermosa Ecozone Industrial Park (162-ha) and LISP IV. SPPI is a subsidiary of Investment & Capital Corporation of the Philippines. (ICCP)
RGC Investment Corporation (RIC, 100%) generates revenues from dividends, and earnings from fund placements.

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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...