{"id":329753,"date":"2024-10-04T00:39:22","date_gmt":"2024-10-03T16:39:22","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329753"},"modified":"2024-10-04T00:39:25","modified_gmt":"2024-10-03T16:39:25","slug":"stock-in-focus-sta-lucia-land-inc-sli-4-oct-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-in-focus-sta-lucia-land-inc-sli-4-oct-2024-by-regina-capital-development-corp\/","title":{"rendered":"Stock in Focus: Sta. Lucia Land, Inc. (SLI) – 4 Oct 2024 by Regina Capital Development Corp."},"content":{"rendered":"\n

Summary of Broker’s Recommendation<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>SLI<\/td><\/tr>
Company Name<\/strong><\/td>Sta. Lucia Land, Inc.<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>4 Oct 2024<\/td><\/tr>
Recommendation<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 5.27<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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We are expecting an improvement on SLI\u2019s profitability in anticipation of the lowered mortgage rates, thus we are sticking with our BUY call. Our target price of P5.27 per share provides a +79% upside based from the current market price.<\/p>\n\n\n\n

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

Sta. Lucia Land, Inc (SLI) reported robust performance in the 2nd quarter (2Q) 2024, with its bottom line climbing +17% year-on-year (y\/y) to P1.04 billion. This growth was largely driven by improved real estate sales, which helped offset weaker rental income during the quarter. The company remains committed to its JV model, partnering with landowners to reduce initial capital expenditures on land and alleviate the financial burden of holding undeveloped properties.<\/p>\n\n\n\n

Over the next five years, SLI aims to secure additional land through joint ventures, particularly in Cavite, Iloilo, and Davao. Looking ahead, SLI plans to launch 35 residential projects within the next two to three years, capitalizing on anticipated demand fueled by potential interest rate cuts. <\/p>\n\n\n\n

Their strategy includes boosting recurring income by developing commercial properties alongside residential communities. This rollout will feature a mix of 19 horizontal developments and 16 residential towers nationwide, reflecting SLI\u2019s ambition to compete with larger players by diversifying into integrated residential, commercial, and office hubs.<\/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>