AllHome Corporation’s president Benjamarie Therese Serrano expressed her insights regarding the latest coronavirus (COVID-19) disease affecting China.
She cited that the continued presence of the latest epidemic in one of the leading inventory sources of the home improvement firms in the Philippines, including AllHome, does not perturb her company.
Serrano explained that AllHome could effortlessly change its inventory sources to other existing ones.
Among them are nations like India, Indonesia, Thailand, Vietnam, and Malaysia, she said.
The AllHome chief also cited the United States as another of their potential sources, should China continue to grapple with the COVID-19 disease.
Serrano pointed out that the fresh funds of AllHome certainly arrived at the most opportune moment when it comes to their inventory management, as per the news posted online by The Philippine Star, an English-language print and digital newspaper in the Philippines.
She relayed that AllHome does not have any troubles with inventory sourcing for their stores because the firm was able to secure funding for working capital in October 2019 via its initial public offering (IPO) in the Philippine Stock Exchange (PSE).
This activity positively contributed to the company’s augmented inventory cover, Serrano explained.
She added that they had already secured the necessary inventories for their intended store expansions, as well as for their existing branches that can last between six to eight months.
Manuel Villar, Jr., who is the chairman of AllHome, announced that they are set to bring the store to more locales this year.
He remarked that their expansion initiative is both strategic and sustainable through taking advantage of the synergies between the opportunities in the local home improvement industry and their real estate businesses like Vista Land.
Camille Villar, the vice-chairman of AllHome, disclosed that the firm sustained robust fourth-quarter sales during the culmination of last year.
She cited that they are confident of finishing 2019 with at least P1 billion in net income.
This positive development comes considering that, historically, their fourth-quarter performance is usually their most reliable when it comes to sales because AllHome stores would get advantages from the Christmas season, she said.
The AllHome vice-chairman also remarked that their shops are strategically situated and are components of their ingenious ecosystem of world-renowned retail concepts that are surrounding them.
AllHome Corporation (PSE: HOME) closed on Tuesday, February 18, 2020, with a 52-week high of P11.82.
Meanwhile, its 52-week low is at P9.20, based on the data posted online by the PSE.
In net income, AllHome posted a 225-percent build-up in the nine months to September 2019 to P746.2 million.
The total revenue of the listed one-stop-shop home store of the Villar family ballooned 72 percent to P8.2 billion.
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