{"id":328728,"date":"2024-08-04T13:43:27","date_gmt":"2024-08-04T05:43:27","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328728"},"modified":"2024-08-27T00:31:35","modified_gmt":"2024-08-26T16:31:35","slug":"stock-in-focus-gt-capital-holdings-inc-gtcap-5-aug-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-in-focus-gt-capital-holdings-inc-gtcap-5-aug-2024-by-regina-capital-development-corp\/","title":{"rendered":"Stock in Focus: GT Capital Holdings, Inc. (GTCAP) – 5 Aug 2024 by Regina Capital Development Corp."},"content":{"rendered":"\n

Summary of Broker’s Recommendation<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>GTCAP<\/td><\/tr>
Company Name<\/strong><\/td>GT Capital Holdings, Inc.<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>5 Aug 2024<\/td><\/tr>
Recommendation<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 693.50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Despite potential challenges like inflation and economic uncertainties, GTCAP’s outlook remains positive, supported by a resilient Philippine economy and its diversified business interests. Investors may consider GTCAP a stable investment option, with potential growth from its expansion initiatives and strong performance in core segment. Buy, with Target Price of P693.50\/share.<\/p>\n\n\n\n

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Analysis and Opinion<\/h2>\n\n\n\n

GT Capital Holdings, Inc. (GTCAP) reported strong financial performance in
the 1st quarter (1Q) of 2024. The company’s consolidated revenues reached P74.10 billion, marking a +6.17% year-on-year (y\/y) increase compared to the previous year. This growth was largely driven by the robust performance of its automotive and banking segments.<\/p>\n\n\n\n

GTCAP’s Net Income (NI) for the quarter rose to P9.30 billion, up +3.79% y\/y, thanks to substantial contributions from its key subsidiaries, including MBT and TMP. Meanwhile, its core NI inched up by +7% y\/y to P7.06 billion. However, the conglo\u2019s expenses also saw a +6.70% y\/y rise, amounting to P63.30 billion, attributed mainly to increased costs in the automotive and infrastructure sectors.<\/p>\n\n\n\n

The automotive segment, led by TMP, saw a +5% y\/y revenue growth, driven by strong vehicle sales and favorable market conditions. MBT, a key part of GTCAP’s portfolio, contributed 54% of net income due to a solid loan portfolio and efficient cost management. <\/p>\n\n\n\n

AXA Philippines experienced steady growth, with strong sales in life and health insurance products. Federal Land showed strong momentum in 1Q24, focusing on premium residential and commercial projects. Developments like Grand Hyatt Manila Residences and the upcoming Riverpark mixed-use project attracted significant interest. Strategic partnerships, including a JV with Nomura Real Estate Development, are set to enhance offerings and expand market reach. The outlook for Federal Land is optimistic, supported by the recovery in the Philippine real estate market and high demand for quality spaces.<\/p>\n\n\n\n

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Check how many brokers recommend this stock<\/h2>\n\n\n\n
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All Stock Rankings<\/a><\/blockquote>