NAVPS - SALEF - First Metro Asset Management Inc

Transcription

NAVPS - SALEF - First Metro Asset Management Inc
MAY 08, 2015
Fund Name
Inception Date
Type
Investment
Objective
Investment Outlets
Risk Profile
Minimum
Investment
Additional
Investment
Management Fee
FIRST METRO SAVE AND LEARN
EQUITY FUND, INC. (SALEF)
September 6, 2005
Equity Mutual Fund
Long-term Capital Growth
NAVPS - SALEF
7.0000
6.0000
Stocks listed in the Philippine Stock
Exchange
Aggressive
P5,000.00
5.0000
4.0000
3.0000
2.0000
P1,000.00
1.0000
1.875%
-
NAVPS
1-Year
Return
3-Year
Return
5-Year
Return
Year-toDate
Yield since
Inception
5.8618
10.87%
9.12%
19.72%
5.18%
485.30%
Weekly Highlights (source - First Metro Securities):
CORPORATE
Emperador to buy cognac maker
STOCK
ALI
PGOLD
DNL
URC
RRHI
EDC
GTCAP
AC
FGEN
SMPH
%
AYALA LAND, INC.
PUREGOLD PRICECLUB, INC.
D&L INDUSTRIES, INC.
UNIVERSAL ROBINA
CORPORATION
ROBINSONS RETAIL
HOLDINGS, INC.
ENERGY DEVELOPMENT
GT CAPITAL HOLDINGS, INC
AYALA CORPORATION
FIRST GEN CORPORATION
SM PRIME HOLDINGS, INC
6.07%
5.37%
5.10%
Emperador is set to acquire Louis Royer, a cognac manufacturer, in a
"multibillion peso" purchase. Industry sources say that the deal may be closed
as early as 13 May (Wednesday). Louis Royer, which manufactures cognac,
brandy, liquors and vodka, is owned by Jarnac, a subsidiary of Japanese spirits
firm Suntory Holdings. If finalised, this marks the 3rd (overseas) acquisition of
Emperador, following the P31-bn purchase of Whyte & Mackay as well as over
1,000-has of vineyard from Bodega Las Copas and San Bruno SA.
4.95%
4.85%
4.53%
4.50%
4.49%
3.85%
3.85%
Comment: Louis Royer SAS ended FY13 with assets of roughly $128mn or
roughly P5.7bn, revenues of $57mn (P2.5bn) and net income of $3mn
(P134mn), according to data from Thomson Reuters. ROE at end-2013 was at
13%, while net margin stood at 7.8%. Depending on the target multiple, the
acquisition may be funded via all-cash or a mixture of cash and debt.
www.fami.com.ph
www.facebook.com/firstmetrofunds
www.twitter.com/SaveandLearn
18th Floor PSBank Center, 777 Paseo de Roxas Ave.,
cor. Sedeño St, Salcedo Village, Makati City
Makati Office:
(632) 891-2860 to 65
Binondo Office:
(632) 241-4301
Cebu Office:
(032) 520-5696
Email:
fami@firstmetro.com.ph
Past performance is not a guide to future performance. The price of securities can and does fluctuate, and any individual security may experience upward or downward movement. All information contained herein is obtained by First
Metro Asset Management from sources believed by it to be accurate and reliable. Please read the Prospectus of each fund more information.