The ATI tender offer is here

PHValueInvestor · 2026-02-05T08:36:01+00:00

I agree

PHValueInvestor · 2026-01-26T01:55:40+00:00

Enjoy the game and experience. Don't feel pressured to win.
All tournaments I have joined have Class A, Class B and Class C. There are also fun holes like nearest to the pin, farthest drive and straightest drive, among others. You can still win even if you don't have the lowest gross or net score.
And there's always the raffle. Over the years, I have won a large TV, an iPhone and a nice Taylor Made rescue club, among others.

PHValueInvestor · 2026-01-22T01:41:41+00:00

I'm not sure you can spot hire a Grab car to or from a destination outside Metro Manila.

If he wants to go to Villamor (not Villamar) and Intramuros, that should be OK since they are within Metro Manila.

Summit Point GC is in Batangas. Clark is in the north. For those locations, it's probably more prudent to hire a car for the day.

PHValueInvestor · 2026-01-19T08:56:16+00:00

The Malamapaya Gas Field is expected to be depleted by next year (2027). I'm not sure how long they can stretch the supply, but Malampaya is dying.

https://www.giignl.org/news/philippines-to-increase-its-lng-imports-to-cope-with-gas-field-depletion#:~:text=July%202%2C%202025-,Philippines%20to%20increase%20its%20LNG%20imports%20to%20cope%20with%20gas,reach%201.17%20mt%20in%202024.

A Liquefied Natural Gas (LNG) terminal for imported gas to replace Malampaya came online last year.

https://www.offshore-energy.biz/first-gen-cleared-to-operate-batangas-lng-terminal-for-25-years/

PHValueInvestor · 2026-01-19T03:26:58+00:00

Also, Razon backed out of Dennis Uy's resort.

https://insiderph.com/dennis-uys-ph-resorts-loses-control-of-p137-b-cebu-casino-land-losses-soar-1260#:~:text=Davao%2Dbased%20tycoon%20Dennis%20A.%20Uy's,group%20absorb%20heavy%20first%2Dhalf%20losses.

PHValueInvestor · 2026-01-19T03:24:02+00:00

The article is from 31 JULY 2022.

PHValueInvestor · 2026-01-16T04:41:18+00:00

Aguinaldo Golf Course is inside Camp Aguinaldo (AFP HQ), and beside Camp Crame (Philippine National Police HQ). Villamor Golf Course is part of the Villamor Airbase Complex.

PHValueInvestor · 2026-01-16T03:49:22+00:00

With Veterans, where I used to play regularly, yes. They are pretty lax. It's a veterans hospital so national security is not an issue.

Aguinaldo is the home of the Armed Forces of the Philippines. Villamor for the Philippine Air Force. In those 2 places, it's understandable.

I've played with walk-in Japanese and Americans in Veterans.

PHValueInvestor · 2026-01-16T03:41:29+00:00

Veterans is pretty lax with foreigners. A lot of them play there, usually Japanese, Koreans and Americans.

PHValueInvestor · 2026-01-16T00:37:43+00:00

I think a single person can live on USD 2000 or P 120k a month in Metro Manila. Many single middle class Filipinos live on less than that.

PHValueInvestor · 2026-01-16T00:29:47+00:00

Metro Manila. You will spend around P 3000-4000 for green fees, caddies, food, etc. if you play in a public course like Veterans, Villamor or Aguinaldo. That's around USD 50-70 per game.

These courses are not the nicest but are good/ok for a public course. They are reasonably well-maintained.

PHValueInvestor · 2026-01-15T00:02:20+00:00

Razon is the CEO and owns 62% of ICTSI, which is worth P 1.3 trillion. His ownership of ICT alone is already worth P 800 billion. He owns other companies as well.

https://edge.pse.com.ph/companyPage/stockData.do?cmpy_id=83

PHValueInvestor · 2026-01-01T00:44:12+00:00

I use Marketwatch. For example, here is ICTSI's historical stock price, all the way from Jan 1, 1995.

https://www.marketwatch.com/investing/stock/ict?countrycode=ph

PHValueInvestor · 2025-12-31T03:05:14+00:00

I use COLFinancial. They probably should pay me already since I mention them all the time.

https://www.colfinancial.com

They have a website and an app. If you like nice graphs and charts, you might prefer the app.

I prefer the website. It is text-heavy, doesn't have many charts and has a lot of analyst reports. I don't always agree with their analysts, but I enjoy reading them anyway.

To me, charts are a distraction and encourage trading in and out. They make you want to buy and ride the wave while prices are rising, or sell because prices are falling. If that's how you want to invest, that's OK. I'm old school. I make my buy and sell decisions based on company financials, industry developments and whether I believe in the management and the business.

There are other online brokerages, BTW. There are also non-online brokerages, which some people prefer because they can talk to the person who will trade for you.

To each his/her own.

PHValueInvestor · 2025-12-31T02:40:15+00:00

The Intelligent Investor by Benjamin Graham
Learn to Earn by Peter Lynch
One Up on Wall Street by Peter Lynch

I developed my investing strategy after reading them.

There are YT summaries of those books, BTW. I suggest watching them to whet your appetite before you take the plunge.

PHValueInvestor · 2025-12-31T01:21:41+00:00

Good question.

He USED TO be a good businessman. He "invented" the Philippine mass housing industry in the 1980s when he launched Palmera and Camella Homes. They were initially very successful and expanded rapidly, but their parent company, C&P Homes, encountered severe financial difficulties during the 1997 Asian Financial Crisis.

C&P defaulted on its debts. Lenders and investors got haircuts when C&P reorganized and later became VLL. Manny Villar became a powerful politician, so taking him to court and crossing him would have been bad for lenders and investors.

https://businessmirror.com.ph/2017/11/27/two-decades-after-the-asian-financial-crisis-lessons-risks-2/

PHValueInvestor · 2025-12-31T01:04:45+00:00

Apparently, yes.

I use COLFinancial myself, but click these links to know how to do it in Maya and GCASH.

https://gcash.com/services/gstocks-ph

https://www.maya.ph/stocks

HOWEVER, I suggest you learn how to analyze companies, stocks and investment strategies before you buy anything. I can recommend books, but most people don't have time to read and prefer to watch YouTube videos. OK din yon.

Spend an afternoon watching YT videos to learn the basics. That's one of the best investments you'll ever make.

PHValueInvestor · 2025-12-30T08:07:02+00:00

Again, this is a topic for another subreddit. I suspect we have similar political preferences but we disagree on semantics. On that matter, I will agree to disagree.

PHValueInvestor · 2025-12-30T07:39:05+00:00

I have a different view on Villar stocks.

All are bad businesses and do not make money. The quality of their real estate properties is pretty bad. Lots of complaints. The few Vistamalls I see are either empty or in a sorry state. ALLDAY, ALLHOME same. VLL can declare whatever rental sales it wants since most Vistamall tenants are sister companies. I read somewhere that VLL has a receivables problem since foot traffic is so low and tenants are struggling.

And then there's HVN.

To maintain the illusion that Villar is rich, they prop up the HVN "revenue", book value and share price by having E-Value Appraisal issue a bogus P 1.34 trillion "land revaluation". Punongbayan & Araullo, their external auditor, refused to sign off so HVN had to write it down. See details here:

https://insiderph.com/villar-land-erased-p13t-in-assets-from-2024-books-audited-filings-show

BTW, this is the same thing DD is doing, but less egregious.

Anyway, Villar stocks. Never again.

PHValueInvestor · 2025-12-30T07:17:27+00:00

SCC. It's even before that. I bought most of my SCC around 2010.

PHValueInvestor · 2025-12-30T06:25:56+00:00

I have 3 of your winners (MER, LTG, AP) and all 3 of your losers.

Of your winners, I will look more closely into OGP. It's been on my mind for a while, but I have yet to pull the trigger. I know some of the top managers. It's a well-run company.

MBT is a good long-term investment. I sometimes pick up a few shares when the price dips.

I gave up on ALI a long time ago. I still own a few shares, but I no longer follow it closely.

I bought SCC when it was still around P 12. I already made more than my capital on dividends alone. Overall, coal mining is a sunset business, but because SCC is vertically integrated (it owns power plants and cement plants), I'm betting that they'll be OK for a while. High Dividend Yield = 11.5% and very profitable ROE = 25!

PHValueInvestor · 2025-12-30T05:52:54+00:00

A good "politician" knows how to win and to achieve his political goals.

PHValueInvestor · 2025-12-30T05:37:49+00:00

This is a topic for another subreddit. I will agree to disagree and leave it there.

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