The sentiment toward the shares of Century Pacific Food Inc. would be dependent on the results of its third-quarter and nine-month earnings report, an analyst said.
“With the release of its earnings within this month, this may dictate the sentiment depending on the results,” Diversified Securities Inc. trader Aniceto Pangan said in a text message.
The shares of the listed food-manufacturing firm closed among the top decliners last week as it fell 98 centavos or 5.94 percent to P15.52 apiece amid the 1.19-percent climb of the main index on Friday.
Pangan said the price of Century Pacific Food corrected during the previous trading week, while it was on consolidation for the month of October, as its shares slumped by 9.56-percent on a monthly basis.
“For October, it was on consolidation at a high of P18 per share to a low of P16.70 per share until the last two consecutive trading days, as local market corrected in line with the global market,” he noted.
Pangan explained that Century Pacific Food was a beneficiary of the heightened demand during the second quarter amid the implementation of the strict enhanced community quarantine (ECQ).
“Century Pacific Food was a beneficiary of the heightened demand during the second quarter as their staple canned products, marine and meat were the main focus of the government in their food subsidy program during ECQ, while milk serves for health and wellness benefits,” Pangan said.
He added the demand for food began normalizing along with the easement of the quarantine restrictions, which he said might push Century Pacific’s growth to consolidate to the normal state.
Century Pacific Food recorded a 31-percent surge in its net income during the first half of the year to P2.24 billion from P1.7 billion in the same period last year on the back of the growth of its consolidated revenues.
The conglomerate’s revenues soared by 28-percent year-on-year to P25.1 billion from P19.6 billion as its shelf-stable products saw a heightened demand in the months of April, May and June.
Its core branded products of marine and meat and milk business also exhibited strong results during the period.
Meanwhile, Pangan sees the stock undergoing a price correction as it has just broken out of its consolidation phase.
“PH1 World Developers is a company driven to disrupt the conventions of property development in the Philippines to transform the way Filipinos live and work. With our newest project, My Enso Lofts, we will deliver a condo that utilizes innovative engineering to provide homeowners with extra living space at no extra cost, right in the heart of Quezon City,” said Albert Ong, PH1 World assistant vice-president for Business Development.
On their part, Megawide Chairman and Chief Executive Officer Edgar Saavedra expressed his appreciation of the company’s partnership with PH1 World.
“We share a common goal with PH1 World to innovate and elevate the way structures are built in the Philippines. Megawide is proud to be the construction partner of PH1 World and we are dedicated to delivering the highest standards of excellence and innovation for My Enso,” said Saavedra.
AddLoft technology: Extra space at no extra cost
For My Enso, PH1 World and Megawide introduced AddLoft technology, a unique engineering solution employed to maximize unit space. AddLoft, provides each unit a loft structure to maximize its high ceiling spaces, to which homeowner can customize to suit their needs.
“With PH1’s AddLoft Technology, having dedicated spaces for work and play will never be an issue for My Enso residents, especially with today’s new working and living requirements,” said Gigi Alcantara, PH1 World vice-president for Sales and Marketing.
“Whether you need space for a home office, home schooling, storage, or your personal passions, you can utilize the loft space according to your needs. AddLoft really brings extra value to the unit, in whatever way it suits your lifestyle,” she further explained.
Extra features
The semi-furnished units follow a modern minimalist aesthetic with thoughtful and functional pieces. Unit owners can also look forward to high-quality indoor environmental standards as the building will feature environment-friendly and energy-efficient structural and design elements.
Residents will get to enjoy exclusive access to leisure and business amenities including a co-working space, a rooftop garden, underground parking, plus access to commercial and retail spaces on the lower floors. The building is also equipped with 24-hour security and keyless entry locks to give residents peace of mind.
According to Ong, they are “are pushing for extra” as he explained My Enso’s features.
“My Enso’s AddLoft technology, plus the location and quality engineering thanks to Megawide, enables us to bring first-world homes to our patrons,” he added.
My Enso Lofts is expected to be completed by the 4th quarter of 2025 and will be available for pre-selling starting October 2020.
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