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4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  JG Summit Holdings, Inc.    JGS   PHY444251177

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JG Summit Holdings, Inc. : JG Summit's Naphtha Cracking Plant to Start Operations November 2013

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10/22/2012 | 11:07am CEST
   By Cris Larano 
 

MANILA--JG Summit Holdings Inc. (JGS.PH) expects to open its $800 million naphtha cracking plant in November 2013, a few months ahead of its early 2014 schedule, the Philippine investment holding company's chief strategist said Monday.

Speaking at an investor forum arranged by local firm COL Financials, JG Summit's Bach Johann Sebastian said that once completed, the naphtha cracker could generate annual revenue of $1 billion based on current prices.

He said 25% of the plant's output would be exported and the balance would be for local industries.

JG Summit's naphtha cracker will allow it to produce 320,000 tons a year of polypropylene and add 110,000 tons of polyethylene to the group's capacity.

Write to Cris Larano at cris.larano@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ( PHP)
Sales 2017 258 704 M
EBIT 2017 47 943 M
Net income 2017 26 038 M
Debt 2017 174 044 M
Yield 2017 0,26%
P/E ratio 2017 18,80
P/E ratio 2018 16,54
EV / Sales 2017 2,60x
EV / Sales 2018 2,46x
Capitalization 497 817 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 76,6  PHP
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
James L. Go Executive Chairman & Chief Executive Officer
Lance Yu Gokongwei President, COO & Executive Director
Johnson Robert G. Go Non-Executive Director
Lily G. Ngochua Director
Patrick Henry C. Go Executive Director
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