LTG -LUCIO TAN GROUP
BUY NEAR 15.92
CUTLOSS 15.38
Target PRICE 17, 19 ,22
WAITING TIME 1-2 weeks
Charts
NEWS
INQUIRER
CONGLOMERATE LT Group Inc. grew its net profit last year by 50 percent to P6.6 billion on higher earnings from its banking, tobacco and hard liquor businesses.
Banking arm Philippine National Bank (PNB) contributed P3.51 billion or 53 percent of total income. Beer unit Asia Brewery Inc. had a share of P1.1 billion or 17 percent while the tobacco business contributed P1.04 billion or 16 percent.
Read more: http://business.inquirer.net/208489/lucio-tan-holding-firm-reports-50-jump-in-2015-net-profit#ixzz42tWM5Myg
MALAYA
“Equity in net earnings from our stake in VMC provided P214 million or 3 percent of total. As of end-2015, LTG’s stake in VMC stood at 22.59 percent. With the purchase of additional shares in February 2016, LTG’s stake in VMC is currently at 30.17 percent,” it added.
The lending business under Philippine National Bank (PNB) posted profits of P6.8 billion, 15 percent more than the prior year’s P5.9 billion.
Net interest Income was at P17.6 billion, 6 percent higher than the prior year’s P16.7 billion. Net service fees and commission income reached P3.6 billion, a 38 percent increase.
http://www.malaya.com.ph/business-news/business/tobacco-unit-income-surges-lt-group-profits-reach-p66b-50
Manila TIMES
LT Group Inc., the holding firm of tycoon Lucio Tan, said on Friday its net income last year surged by more than half on the back of solid performances by its banking and beverage businesses and the dramatic recovery of its tobacco unit.
http://www.manilatimes.net/lt-group-2015-profit-climbs-50-to-p6-6b/249876/
STANDARD
Philippine National Bank accounted for P3.51 billion or 53 percent of LG Group’s total income. Asia Brewery Inc. added P1.10 billion or 17 percent of the total, followed by the tobacco business at P1.04 billion or 16 percent.
Tanduay Distillers Inc. accounted for P422 million or 6 percent, while Eton Properties Philippines Inc. added P312 million or 5 percent.
LT Group said equity in net earnings from its stake in Victorias Milling Corp. contributed P214 million or 3 percent of the profits. LT Group’s stake in VMC as of end 2015 stood at 22.59 percent. With the purchase of additional shares in February 2016, LTG’s stake in VMC rose to 30.17 percent.
