February 02, 2012
Business Mirror
By Miguel Camus
AUSTRALIAN fund manager Platinum Investment Management Ltd. increased its stake in listed developer Vista Land & Lifescapes Inc. to 5.02 percent as of January 20.
Vista Land shares rose 1.29 percent to P3.14 each by Thursday’s close, giving the builder a market value of P26.52 billion.
A Philippine Stock Exchange filing showed that Platinum Investment owns 426.49 million common shares of Vista Land after acquiring 12.42 million shares from the open market in the last 60 days.
It bought shares from P2.94 each to as much as P3.09 each, the filing showed.
Vista Land, which is controlled by the family of Sen. Manuel Villar Jr., is considered the Philippines-largest developer of horizontal housing projects. For 2012, it plans to launch 32 residential subdivision projects with a sales value of P32 billion. It launched 23 projects, including residential condominiums, valued at P21 billion in 2011.
Driven mainly by sales to overseas Filipinos, the builder reported that net income in the nine months to September last year hit P2.61 billion, up 20 percent on revenues of P9.9 billion, or a gain of 21 percent
http://businessmirror.com.ph/home/companies/22749-fund-ups-stake-in-vista-land
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Villar-led Vista Land 2012 earnings reach record high March 21, 2013 MANILA, Philippines - Vista Land & Lifescapes, Inc., real estate firm founded by Sen. Manuel Villar, reported a net income of P4.4 billion in 2012, a record high. Read More >> |
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Vista Land profit soars 24% to P3.23B in 9 mos November 16, 2012 MANILA, Philippines - Vista Land & Lifescapes Inc., the country’s largest homebuilder, posted net earnings of P3.23 billion in the first nine months, up 24 percent from the same period in 2011, on record sales. Read More >> |
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Vista Land Expects Record Profits November 15, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, expects 2012 and 2013 to be banner years with profits hitting record highs and possibly hitting the P5-billion mark by next year. Read More >> |
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Vista Land obtains SEC nod to sell P2.5-b bonds September 29, 2012 The Securities and Exchange Commission approved the application of Vista Land & Lifescapes Inc. to issue P2.5 billion worth of HomeBuilder Bonds. Read More >> |
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Vista Land expands condo projects September 29, 2012 Vista Land and Lifescapes Inc., the country’s largest home-builder, is expanding its portfolio of condominium projects as it aims to at least double the contribution of high-rise projects to the group’s total revenues. Read More >> |
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