Construction, Infrastructure and Allied Services Companies - 1st Part

With the advent of the PPP this year, we will take a look with the Construction, Infrastructure and Allied Services companies that are listed in the PSE.

http://www.flickr.com/photos/17155762@N00/1901721

Below is the list taken from www2.pse.com.ph. Some of the info were taken from the companies websites.

 AGP INDUSTRIAL CORPORATION

According to the quarterly report for period ended Sep 30, 2011 submitted to PSE, The Company has no operations since 1998 and, as shown in the accompanying financial statements, the Company continues to incur losses as the current management is assessing and identifying investment opportunities and various options regarding operations that the Company may undertake in the future.No operations.

CONCRETE AGGREGATES CORPORATION

The Company supplies the construction industry with processed aggregates, ready mix concrete, bituminous concrete mix, and pre-stressed/pre-cast concrete. Website: http://www.cac.com.ph/

Accounts                               Unaudited January to Sep 2011                      

Revenue                                11.45 million                                                       

Net Income                           6.56 million

P/E Ratio(Using Year-End-EPS)  is 72.38. Too high.                                    

EEI CORPORATION

EEI is a member of the Yuchengco Group of Companies and has been involved in the installation, construction and erection of power generating and transmission facilities, oil refineries, chemical production plants, cement plants, food and beverage manufacturing facilities, semiconductor assembly plants, road, rail and bridge infrastructures, and high rise landmarks, among others. It also operates a steel fabrication plant. Website: http://www.eei.com.ph/

Accounts                               Unaudited Jan to Sep 2011              

Consolidated Revenue       6,236,866,000                                     

Net Income                           581,529,000

P/E Ratio(Using Year-End-EPS) is 6.75. Worth digging further.                                        

FEDERAL RESOURCES INVESTMENT GROUP, INC.

Used to engage in the manufacture, marketing and distribution of various adhesives and sealants and other chemicals catering to an assortment of hardware, construction, do-it-yourself and other applications. In order to tap potential business opportunities, the Company deemed it necessary to broaden the scope of the Company's primary purpose by changing it to that of a holding company to allow for greater flexibility in its investment options.

Revenues for 2010 and 2011 consists of interest income only. Enough said. 

FORTUNE CEMENT CORPORATION

Fortune Cement Corporation (FCC) was incorporated in 1967 and is engaged in the production and sale of ordinary Portland cement and Pozzolan cement. It completed its new Line II expansion program, increasing the total production capacity by 140% to 1.8 million metric tons of clinker, or about 50 million bags of cement annually. With the exception of the province of Rizal, FCC's plant is currently the only cement plant within the Calabarzon growth corridor.The Company is registered with Board of Investment as an expanding domestic producer of cement on a preferred pioneer status. As a registered enterprise, FCC is entitled to various incentives with respect to its registered expansion project, which includes an income tax holiday for a period of four years commencing 1996.

Can't find anywhere. Perhaps it is delisted already?

HOLCIM PHILIPPINES, INC.

Holcim is one of the world's leading suppliers of cement and aggregates. It holds interests in more than 70 countries on all continents. Holcim Philippines is a member of the Holcim Group. It is involved in the manufacture, sale and distribution of cement and ready mix concrete. It is committed to managing resources responsibly and working with communities to develop sustainable options for their future. Website:http://www.holcim.com.ph/

Accounts                               Unaudited Jan to Sep 2011              

Consolidated Revenue              16,496,859,000                                  

Net Income                                 2,066,965,000 

P/E Ratio(Using Year-End-EPS) is 17.33. Too high but 2010 P/E is 26. We'll check firther 

Based on the list above, I would like to research further on EEI and HLCM.

We will see the next list on my next blog...