Saturday, February 10, 2018

SOCResources, Inc. (SOC)

This posting may contain out of date contents.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
SOCResources, Inc. (SOC)
Sector
Holding Firms
Incorporation Date
Sep 25, 1992
Subsector
Holding Firms
Number of employees
6 (Group Total)
Board of Directors
Chairman: Edgardo P. Reyes
Website / E-mail
http://www.southchinaresourcesinc.com.ph / socinfo@southchinaresourcesinc.com.ph
2. Stock Information
Total Assets
1,772,901,147
Market Capitalization
703,498,043.04
Total Liabilities
139,185,082
Outstanding Shares
901,920,568
Retained Earnings
874,132,924
Listed Shares
906,559,569
Listing Date
Jan 05, 1994
Issued Shares
906,559,568
Board Lot
1,000
Free Float Level (%)
23.63%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Edgardo P. Reyes
Wilfrido P. Reyes
Belen R. Castro
25.48%
25.15%
25.67%
4. Company Descriptions and Business Development
Notes
1. Edgardo P. Reyes, Wilfrido P. Reyes and Ms. Belen R. Castro are brothers and sister.
Overview
It was engaged in steel fabrication, banking but sold out. Now, it has real estate business. It has several residential projects. It entered into an agreement with the Campong It Mapangarapan It Palawano (CAMPAL) to undertake agroindustrial development for a gross area of 4000 hectares with coffee as the initial undertaking in Palawan. The National Commission for Indigenous Peoples (NCIP) handed over to the Company the Certificate of Pre-condition for the agreement last June 2016. As a holding company, it seeks to find other investment opportunities like renewable energy and oil exploration.


Business
Revenue contribution in 2016
Real Estate
Investment
39,875,829
-12,737,841
100%



Subsidiaries / Associates / Affiliates / Joint Ventures
SOC Land Development Corporation (100%)

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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...