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4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Ayala Corporation    AC   PHY0486V1154

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Ayala Land : promotes community development in El Nido, Palawan

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01/23/2017 | 04:55pm CET

Plaza ALI was recently unveiled at Lio, Ayala Land, Inc.'s (ALI) newest tourism estate in El Nido, Palawan. A project spearheaded by Ayala Malls and Ten Knots Development Corp. (TKDC), together with the municipality of El Nido, Plaza ALI is a covered basketball court that will serve as a central venue for community development programs, largely focused on promoting youth development and social entrepreneurship.

'More than just a physical space, Plaza ALI aims to uphold the value of communal unity and cooperation through a host of activities that will engage members of communities, hone each one's talent and skills, and allow them to discover their full potential,' said Ayala Malls Group Head Rowena M. Tomeldan.

The first two Plaza ALI courts were officially turned over to barangays Villa Libertad and Pasadena, both located in El Nido, Palawan, and the closest neighboring communities of Lio. Before the turnover, a 'barangay palaro' was held at the Plaza ALI courts of each barangay, where the kids had the chance to play Filipino street games with some special guests from The Voice Kids.

A basketball clinic was also conducted where forty participants had the opportunity to be coached and trained by professional basketball players, Dondon Hontiveros and Eric Menk.

As Lio Tourism estate is set to be launched to the public and will open its first hotel and retail establishments this year, Plaza ALI will continue to collaborate with the local government of El Nido, as well as the communities, to help create inclusive growth in the region.

Ayala Land is the Philippines' leading developer of sustainable estates, offering a diverse mix of properties such as residential, retail, office, hotels, and leisure developments, that support local economic growth and nation-building.

The company was established in 1988 as the real estate arm of Ayala Corporation, a pioneer conglomerate and builder of the country's premier financial and commercial district, now known as Makati Central Business District and Ayala Center.

Today, Ayala Land has a total of 19 sustainable estates and is present in 55 growth areas nationwide. It has five residential brands, namely Ayala Land Premier, Alveo, Avida, Amaia, and BellaVita, which deliver quality homes to a broad segment of the housing market. Its commercial development and leasing portfolio is comprised of Ayala Malls, Ayala Land Offices, and Ayala Land Hotels and Resorts Corporation.

(c) 2017 2016 Business Mirror Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( PHP)
Sales 2016 203 921 M
EBIT 2016 39 114 M
Net income 2016 24 689 M
Debt 2016 211 047 M
Yield 2016 0,64%
P/E ratio 2016 21,03
P/E ratio 2017 19,20
EV / Sales 2016 3,50x
EV / Sales 2017 3,12x
Capitalization 503 603 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 887  PHP
Spread / Average Target 9,2%
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Managers
NameTitle
Jaime Augusto Zobel de Ayala Executive Chairman & Chief Executive Officer
Fernando Zobel de Ayala Vice Chairman, President & Chief Operating Officer
Jose Teodoro K. Limcaoco CFO, Chief Risk Officer, Group Head-Finance & MD
Delfin Lapus Lazaro Non-Executive Director
Xavier Pardo de Tavera Loinaz Independent Director
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