{"id":330375,"date":"2024-11-14T00:46:17","date_gmt":"2024-11-13T16:46:17","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330375"},"modified":"2024-11-14T00:46:19","modified_gmt":"2024-11-13T16:46:19","slug":"trade-the-news-cli-targets-to-launch-2-more-projects-before-yearend","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-cli-targets-to-launch-2-more-projects-before-yearend\/","title":{"rendered":"Trade the News: CLI targets to launch 2 more projects before yearend"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Cebu Landmasters, Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>CLI<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 3.91<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

CEBU Landmasters, Inc. (CLI) targets to unveil two more projects before the end of the year, its chairman said on Tuesday.<\/p>\n\n\n\n

\u201cWe are set to launch two more projects in the remaining months of the year: The North Grove at Pristina Town, a two-tower upper mid-market project in Cebu with over 1,000 units, and the first three towers in Manresa Town in Cagayan de Oro, which is CLI\u2019s second township,\u201d CLI Chairman and Chief Executive Officer Jose R. Soberano III said in a statement to the stock exchange.<\/p>\n\n\n\n

CLI Chief Operating Officer Jose Franco B. Soberano said in a separate virtual briefing that the company will soon start receiving reservations for the upper mid-market project in Pristina Town.<\/p>\n\n\n\n

\u201cThat\u2019s over P2 billion potentially of revenue from the initial launch there,\u201d he said.<\/p>\n\n\n\n

He added that CLI is eyeing to launch the maiden residential offering in its Manresa Town project by December.<\/p>\n\n\n\n

For the first nine months, CLI recorded a 7% increase in its net income to P2.3 billion from P2.2 billion last year, led by the core business and recurring income streams.<\/p>\n\n\n\n

Revenue improved by 9.2% to P14.1 billion as property sales grew by 8.7% to P13.8 billion on strong demand across residential, mid-market, and economic housing segments, along with commercial lot sales.<\/p>\n\n\n\n

From January to September, CLI launched P8.2 billion worth of projects with 1,664 residential units, of which 57% is for the mid-market segment while 32% is for the economic segment.<\/p>\n\n\n\n

Hospitality revenue rose 52% to P149 million, led by the opening of new properties, while leasing revenue surged by 47% to P144 million, with 9,219 square meters of new leasable space offered.<\/p>\n\n\n\n

(News Source: BusinessWorld<\/a>)<\/em><\/p>\n\n\n\n

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This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330375","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330375"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330375\/revisions"}],"predecessor-version":[{"id":330377,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330375\/revisions\/330377"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}