Century Properties Group, Inc. (CPG) announced today its leisure, tourism, and hospitality business unit has already pre-sold a total of 342 vacation homes worth PHP 2 billion.
The houses are in Batulao Artscapes, a residential project in Nasugbu, Batangas. This project was launched in December 2017 and is estimated to sell up to 2,000 homes spread across an area of 36 hectares out of the 142-hectare development.
The target market for this project is local end users seeking a weekend retreat. It also caters to families and retirees who want to relax near Manila.
This project is only a 1.5 to 2-hour drive from Makati. You can access it via four points: the Star Tollway to Tanauan Exit, Cavite Expressway (CAVITEX), the South Luzon Expressway (SLEX), and the Daang Hari Road crossing the scenic Nasugbu-Kaybiang Tunnel.
Joint Venture with Phirst Park Homes
On September 21, 2018, CPG made a press release saying that it launched a new joint venture company called Phirst Park Homes through Mitsubishi. This project plans to cater to a broader market of first home buyers.
CPG plans to roll out up to 33,000 units in key locations outside Manila with a total sales value of roughly PHP 57 billion. The company will control 60 percent of the joint venture, Mitsubishi will own the rest.
This planned venture would run for the next five years with an estimated 15 master planned communities in Central Luzon and Calabarzon.
Estimated Capital Expenditures (CAPEX) for this project is at PHP 28 billion. PHP 11 billion will be used up in the next five years.
Phirst Park Homes already launched in Tanza, Cavite. The company sold out the first phase with a total of 1,200 units with a sales value of PHP 1.4 billion.
To note, Phirst Park Homes launched the Lipa site on June 2018. This project has a total of 1.867 units with a sales value of PHP 2.8 billion across a 20-hectare development in Batangas.
Sales on Focus
For the first six months of 2018, CPG recorded revenues from sales of real estate amounting to PHP 3.82 billion. This figure is higher by 82.09 percent from the recorded PHP 2.10 billion for the same period in 2017.
This figure is mainly attributable to higher prices and an increase in accomplishment in Q2 2018 and higher sales of condominium units. The affordable segment also added PHP 503 million in revenues for the same period.
Meanwhile, the net income reached PHP 489.50 million. This amount is 9.88 percent higher than the recorded PHP 445.81 million in the same period in 2017.
Technical Analysis
CPG consolidates inside a range for quite some time. The moving averages are bearishly aligned with the 15 EMA, 20 SMA and 50 SMA collectively acting as resistance.
In addition, volume seems to support the bulls. MACD is moving sideways in support of a consolidation pattern.
RSI is also at neutral levels. Pegged support is at 0.425 while expected resistance is at 0.455 followed by 0.475.
Volume
As of October 5, 2018, at 03:30 PM, the volume of CPG is 287.16% of the previous trading day. This stock’s latest volume is still below its 30-day volume average.
Remember the correlation between price and volume.
bullish price + volume above the 30-day volume average = bullish
bullish price + volume below the 30-day volume average = neutral
bearish price + volume above the 30-day volume average = bearish
bearish price + volume below the 30-day volume average = bearish
Risk Level
CPG has a LOW-RISK level due to its risk percentage of 21.20%.
Foreign Fund Flow
CPG registered a Net Foreign Buying worth P44,000.00 as of October 05, 2018. On a 30-day trading period, CPG is on a Net Foreign Selling worth PHP15,048,800.000.
Top 10 Players’ Sentiment – October 5, 2018
Trading participants of CPG with a 100% Buying and Selling Activity as of Oct-05-2018 at 03:30 PM:
4 out of 9 participants or 44.44% of all participants registered a 100% BUYING activity
2 out of 9 participants or 22.22% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 0.4365
Top 10 Players’ Selling Average: 0.4372
The psychological average price of the top 10 players as of Oct-05-2018 at 03:30 PM is from 0.4365 to 0.4372.
Top 10 Players’ Sentiment – October 1-5, 2018
Trading participants of CPG with a 100% Buying and Selling Activity from Oct-01-2018 to Oct-05-2018 at 03:30 PM:
12 out of 25 participants or 48.00% of all participants registered a 100% BUYING activity
7 out of 25 participants or 28.00% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 0.4370
Top 10 Players’ Selling Average: 0.4371
The psychological average price of the top 10 players from Oct-01-2018 to Oct-05-2018 is from 0.4370 to 0.4371.
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