Insights & commentary
The Blog
Independent research and analysis from Accuretti Systems.
Property and Power Lift JG Summit, but Cebu Pacific Drags on the Recovery
Robinsons Land emerged as the conglomerate’s brightest operating asset, while Meralco and Singapore Land supplied capital-efficient earnings that helped offset the airline’s sharp reversal.
A Bright Spot for the Gokongwei Group: Robinsons Land’s Property Machine Helps Finance Itself
The Philippine developer combined recurring rental income, residential collections, and RCR asset recycling to strengthen cash flow while reducing debt.
GCASH May Be a Growth Stock, but Dividend Investors Should Temper Their Expectations
Mynt’s IPO pitch rests partly on financial inclusion. That same pitch could energize the BSP, banks, and rival platforms to compete more aggressively for the customers that GCash still hopes to capture.
What Happened to Ayala’s BPI “Judith” to the Lopezes’ ABS-CBN?
The BPI loan may be small to the lender. It is anything but small to ABS-CBN and Lopez Holdings investors. The disclosed deadline for the ₱5 billion loan has passed. ABS-CBN and Lopez Holdings shareholders deserve to know what happened next.
For Lopez Holdings, It May Be Time to Sell ABS-CBN
With ABS-CBN absent from consolidated book value and Federico “Piki” Lopez firmly in charge of the listed company, the case for monetizing the media investment is getting harder to ignore.
Lopez Holdings Looks Like a Power Company, but Shareholders Shouldn’t Expect Powerhouse Dividends
ABS-CBN’s accumulated losses have reduced its consolidated carrying value to zero, leaving First Philippine Holdings to drive LPZ’s earnings. Much of that profit, however, remains inside capital-intensive subsidiaries rather than reaching shareholders as cash.
GCash Sells Investors on an Unbanked Philippines. The BSP Is Listening.
The fintech platform presents financial exclusion as a market it can monetize. Its early backers could collect as much as ₱74.3 billion before banks and regulators narrow the gap.
Ayala’s ₱2 Trillion Balance Sheet Comes With a Hefty Interest Bill
Real estate and power generation dominate the conglomerate’s consolidated accounts, pushing debt to ₱761 billion and first-half financing charges above ₱20 billion.
BPI’s Earnings Leave Room for Another Dividend Increase
The Philippine lender’s core revenue growth and capital cushion could support a second-half payout above last year’s ₱2.28, providing another stream of cash to parent Ayala Corp.