Prime Orion Philippines, Inc. (POPI) just released its 2nd quarter and first half financial statements for 2018.
Revenues increased significantly to PHP 925.90 million for the first half of the year. This figure is higher by 240.50 percent versus the recorded PHP 271.90 million in 2017.
Mainly, the revenue was driven by strong sales of industrial lots, better revenues from warehouse facilities, and commercial properties.
POPI’s net income soared to PHP 70 million for the first half of 2018. This record is a 326 percent jump from PHP 16.40 million in 2017.
Recent Acquisition
Three months ago, POPI announced that it planned to venture into the real estate logistics and industrial estate development after it acquired Laguna Technopark, Inc.
The company acquired a 75 percent interest in Laguna Technopark (LTI) from Ayala Land Inc (ALI) for a total consideration of PHP 3.00 billion.
To fund the transaction, POPI will issue a total of 1,225,370,620 shares to ALI in exchange for 30,186 LTI shares. After the deal, ALI will be controlling 63.90 percent of POPI, from the original 54.91 percent.
Aside from the Technopark, POPI is operating the Tutuban Center in Manila.
Revenue Composition
Currently, the company generates 39.20 percent of its total revenues from warehouse and malls — totaling to PHP 362.90 million. This figure is 79 percent higher than the PHP 203 million earned in the same period in 2017.
Sales of industrial lots in Cavite Technopark contributed a total of PHP 139.20 million in revenues.
Prime Orion Philippines’ Future Plans
Due to the strong results during the first half of the year, Prime Orion Philippines is now embarking on a new phase of the Laguna Technopark.
This project involves putting up a logistics facility and a warehouse in Biñan City, Laguna. That is an addition of 50,000 square meters of gross leasable area as a company asset.
A phased redevelopment of a 14-hectare Lepanto warehouse in Calamba Laguna is also in the works. This project is seen to add up to 110,000 square meters of leasable area by 2022.
Stuck at the Top
As of writing, POPI appears to spike but is unable to hold its highs of the day. In fact, it even closed lower than its opening price.
Nonetheless, the moving averages are bullishly aligned with the 15 EMA and 20 SMA as immediate support. Volume maintained the rally today.
Moreover, MACD is turning bullish. RSI is also bullish and is nearing overbought levels. 2.93 is the estimated support while 3.21 is the expected resistance.
One thing is for sure, though, a lot of traders are stuck at the top and would sell out once the price rallies again.
Volume
As of August 22, 2018, at 03:30 PM, the volume of POPI is 2,089.76% of the previous trading day.
Remember the correlation between price and volume.
- bullish price + high volume = high sustainability (price)
- bullish price + low volume = low sustainability (price)
- bearish price + high volume = high sustainability (price)
- bearish price + low volume = low sustainability (price)
Risk Level
POPI has a MODERATE-RISK level due to its risk percentage of 52.98%.
Foreign Fund Flow
Meanwhile, POPI registered a Net Foreign Selling worth P1,211,010.00 as of August 22, 2018.
On a 30-day trading period, POPI is on a Net Foreign Buying worth PHP1,103,670.00.
Top 10 Players’ Sentiment
Trading participants of POPI with a 100% Buying and Selling Activity as of Aug-22-2018 at 03:30 PM:
7 out of 57 participants or 12.28% of all participants registered a 100% BUYING activity
13 out of 57 participants or 22.81% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 3.0993
Top 10 Players’ Selling Average: 3.0967
The psychological average price of the top 10 players as of Aug-22-2018 is from 3.0967 to 3.0967.
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