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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 CET
   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 2016 234 411 M
EBIT 2016 50 300 M
Net income 2016 31 011 M
Debt 2016 152 669 M
Yield 2016 0,32%
P/E ratio 2016 18,63
P/E ratio 2017 17,63
EV / Sales 2016 2,96x
EV / Sales 2017 2,64x
Capitalization 540 795 M
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Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 76,0  PHP
Spread / Average Target 0,65%
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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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