Tuesday, May 19, 2020

in the news: GTCAP/GT CAPITAL HOLDINGS, INC.

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19 MAY 2020
Ty-led GT Capital’s earnings slump 26% on COVID-19 impact
https://www.bworldonline.com/ty-led-gt-capitals-earnings-slump-26-on-covid-19-impact/


01 APR 2020
GT Capital net income up 54%
https://www.bworldonline.com/gt-capital-net-income-up-54/



04 MAR 2020
Federal Land taps Inax for ‘spalets’
https://www.bworldonline.com/federal-land-taps-inax-for-spalets/



18 NOV 2019
Toyota PHL parent does not expect Thai auto imports to fall
https://www.bworldonline.com/toyota-phl-parent-does-not-expect-thai-auto-imports-to-fall/



10 SEPT 2019
Toyota launches hybrid Corolla Altis in Philippines
https://www.bworldonline.com/toyota-launches-hybrid-corolla-altis-in-philippines/



17 AUG 2019
GT Capital Q2 income up as auto sales rise
bworldonline.com/gt-capital-q2-income-up-as-auto-sales-rise/



30 JUN 2019
SM-Federal Land’s ultra-luxury project sees strong sales
https://www.bworldonline.com/sm-federal-lands-ultra-luxury-project-sees-strong-sales/



20 MAY 2019
GT Capital seeking partners to develop property in Cavite
https://www.bworldonline.com/gt-capital-seeking-partners-to-develop-property-in-cavite/



12 MAY 2019
GT Capital divests stake in Pro-Friends
https://www.philstar.com/business/2019/05/12/1917045/gt-capital-divests-stake-pro-friends



09 MAY 2019
GT Capital targets single-digit bottom-line growth this year
https://www.bworldonline.com/gt-capital-targets-single-digit-bottom-line-growth-this-year/



02 APR 2019
GT Capital gears for entry into used vehicle business
https://www.philstar.com/business/2019/04/02/1906437/gt-capital-gears-entry-used-vehicle-business



31 MAR 2019
Federal Land, Japanese partners bring 1st Mitsukoshi Mall in Philippines
https://www.philstar.com/business/2019/03/31/1905888/federal-land-japanese-partners-bring-1st-mitsukoshi-mall-philippines



19 DEC 2018
Toyota expects sales to grow next year
Read more at https://www.philstar.com/business/2018/12/10/1875624/toyota-expects-sales-grow-next-year#ZWyXT8fG0zq4qUEp.99



19 NOV 2018
GT Capital expects flat earnings growth this year
https://www.bworldonline.com/gt-capital-expects-flat-earnings-growth-this-year/



27 AUG 2018
Federal Land to launch 5 projects in second half
http://www.bworldonline.com/federal-land-to-launch-5-projects-in-second-half/


24 AUG 2018
GT Capital realigns development master plan for Lancaster project
Read more at https://www.philstar.com/business/2018/08/24/1845208/gt-capital-realigns-development-master-plan-lancaster-project#UAT1mJ5re2bfA0tQ.99




23 AUG 2018
Property firms developing ‘student-friendly’ condos
http://www.bworldonline.com/property-firms-developing-student-friendly-condos/




03 AUG 2018
Toyota Philippines to roll out new model to perk up sales amid slow demand
http://www.bworldonline.com/toyota-philippines-to-roll-out-new-model-to-perk-up-sales-amid-slow-demand/



29 JUN 2018
Ty’s GT Capital to invest up to $200 million in Japan’s Toyota
http://bworldonline.com/tys-gt-capital-to-invest-up-to-20o-million-in-japans-toyota/



11 MAY 2018GT Capital implements Metro Park master plan
http://bworldonline.com/gt-capital-implements-metro-park-master-plan/



10 APR 2018
GT Capital open to partner with MPIC on infra projects
Read more at https://www.philstar.com/business/2018/04/10/1804357/gt-capital-open-partner-mpic-infra-projects#dP8FGMs3OdKuD8IC.99



05 APR 2018
GT Capital looking for strategic global partner as it considers expanding into new sectors
http://bworldonline.com/gt-capital-looking-for-strategic-global-partner-as-it-considers-expanding-into-new-sectors/



02 APR 2018
Ty Group unveils plan to spend P111b in 2018
http://manilastandard.net/business/corporate/262080/ty-group-unveils-plan-to-spend-p111b-in-2018.html



29 MAR 2018
GT Capital core profit hits P15 billion in 2017
http://bworldonline.com/gt-capital-core-profit-hits-p15-billion-in-2017/



25 OCT 2017
PCC approves Federal Land JV with Orix
http://bworldonline.com/pcc-approves-federal-land-jv-orix/



07 SEPT 2017
Federal Land unveils Grand Hyatt Manila
http://www.philstar.com/business/2017/09/07/1736439/federal-land-unveils-grand-hyatt-manila



25 AUG 2017

‘Good problem’

If ever the Metrobank group is aching over the recently uncovered internal fraud incident that hit the country’s second largest financial institution, one would be hard pressed to find any trace of stress in the demeanor of Alfred Ty who, along with his brother Arthur, now run the day to day businesses of their family conglomerate.

Biz Buzz learned that Alfred (the younger brother of Arthur) is swamped with a different kind of “problem” on his side of the group’s portfolio: the good kind — too many projects on his plate that keep him very busy.

On top of Ty’s list is the looming launch of the Grand Hyatt hotel and residences which sit squarely in the center of a 10-hectare portion of Bonifacio Global City in Taguig.

The real estate development, which the Federal Land brass promise will be “unlike anything the country has ever seen,” is slated for launching in the fourth quarter of this year — a full decade after the concept was first presented to the public.

The delay, Ty explained, was due largely to outbreak of the 2008 global financial crisis, which forced the Metrobank group to slow down on the implementation of what was billed then as the country’s tallest hotel.


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All that is behind them now, and the group’s Federal Land unit even upped the ante by constructing an adjoining tower that will operate under the Grand Hyatt Residences brand.

Aimed at the more affluent members of society, the largest units in this upscale project sell for as much as P100 million. One would be forgiven for thinking that selling condo units at this price range would be challenging, but Ty reveals that the project is, for all intents and purposes, already “fully sold.”

But would-be buyers who missed the boat on this one will have another chance when Federal Land constructs “tower 2” of the Grand Hyatt Residences soon. Pricing has yet to be decided on, but given how fast the first project sold, it would not be a surprise to see an upward adjustment going forward.

The group is also set to launch another project with Japan’s Mitsukoshi group soon, marking its first foray into the retail business (albeit not just any kind of retail, but the premium category) after a three-year courtship.

Apart from its BGC flagship project, Federal Land is also busy with its Manila Bay development, having recently sold out all the units of a new mid-rise condo in just a few hours, leaving Ty surprised at just how much wealth Filipinos really have.

“This is all local demand,” he said, as he marveled at the strength of the domestic economy.
And speaking of strong domestic demand, Ty also revealed that demand for new vehicles under the group’s Toyota unit had surprised everyone, including their partners back in Japan.

The demand for new cars in the country is so strong that the Philippines is now Toyota’s 9th largest market not just in the region, but in the whole world. In fact, demand continues to be strong to the point that the local market even rose to the No. 8 rank globally last month.

And it’s not just Toyota that is benefiting from the strong Philippine demand. So is its luxury unit, 
Lexus, which has doubled its sales this year as more affluent buyers snap up luxury cars and SUVs.

Why? “We have to thank Secretary [Carlos] Dominguez,” joked a company insider, attributing the surge in Lexus’ sales to the upcoming hike in excise taxes for luxury vehicles being pushed by the Department of Finance.

The challenge for Toyota and Lexus, of course, will be sustaining sales in 2018 when car buyers would have already satisfied their rushed demand for new vehicles ahead of the tax hike.

Nonetheless, Ty remains optimistic that the fortunes of the group will continue to be buoyed by the strong Philippine economy — at least that side of the Metrobank conglomerate under Alfred’s watch. However, his older brother Arthur, who is in charge of the bank being scrutinized by regulators, may have a more cautious outlook. —DAXIM L. LUCAS

Read more: http://business.inquirer.net/235701/biz-buzz-internal-racket#ixzz4qlZAwPu2
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14 AUG 2017
GT Capital set P50-B 2017 capex
http://www.philstar.com/business/2017/08/14/1728547/gt-capital-set-p50-b-2017-capex




14 AUG 2017
Toyota expects to exceed 2017 car sales target
http://bworldonline.com/toyota-expects-exceed-2017-car-sales-target/



09 AUG 2017
Acquisition of 20% total stake in Sumisho Motor Finance Corporation (“SMFC”) by GT Capital Holdings, Inc. ("GT Capital" or the “Corporation”)
http://edge.pse.com.ph/openDiscViewer.do?edge_no=0e1c40b8133f24d13318251c9257320d#sthash.7bh0QiGe.dpbs



27 JUL 2017
PCC clears Federal Land JV deal
http://www.philstar.com/business/2017/07/27/1721751/pcc-clears-federal-land-jv-deal



11 JUL 12017
Federal Land, 2 Japanese firms to develop P20-B project in BGC
http://www.bworldonline.com/content.php?section=Corporate&title=federal-land-2-japanese-firms-to-develop-p20-b-project-in-bgc&id=148028



22 MAY 2017
GT Capital bets big on infra
http://www.philstar.com/business/2017/05/22/1702215/gt-capital-bets-big-infra



16 MAY 2017
GTCAP core net income up 12% in Q1
http://www.gmanetwork.com/news/money/companies/610947/gtcap-core-net-income-up-12-in-q1/story/
 
GTCAP core net income up 12% in Q1
GTCAP core net income up 12% in Q1


GTCAP core net income up 12% in Q1
GTCAP core net income up 12% in Q1

11 MAY 2017
GT Capital sees bright prospects this year
http://www.bworldonline.com/content.php?section=Corporate&title=gt-capital-sees-bright-prospects-this-year&id=145025



02 MAY 2017
‘Most beautiful’ skyscraper in PH set
http://business.inquirer.net/228653/beautiful-skyscraper-ph-set



25 APR 2017
GT Capital gets BSP approval for additional stake in Metrobank
http://www.bworldonline.com/content.php?section=Corporate&title=gt-capital-gets-bsp-approval-for-additional-stake-in-metrobank&id=144213




19 APR 2017
GT Capital raises stake in Metrobank
https://business.inquirer.net/227948/gt-capital-raises-stake-metrobank



03 APR 2017
GT Capital Full-Year 2016 Net Income Rises 21% to Php14.6 Billion
 http://edge.pse.com.ph/openDiscViewer.do?edge_no=31431bd0e97aeaa53318251c9257320d#sthash.943a3fiW.dpbs



31 MAR 2017
GT Capital’s P22-B bonds maintain top credit rating
http://www.bworldonline.com/content.php?section=Corporate&title=gt-capital&8217s-p22-b-bonds-maintain-top-credit-rating&id=143037



16 MAR 2017

Expanded Metropolitan Park

Ty family-led GT Capital is one of the few conglomerates with a vertical property arm that has not really embarked on large-scale mixed-use developments, not at the same scale as the new urban hubs or new central business districts being developed by its peers. Instead, the Federal Land has taken a more selective approach, focusing on pocket developments.

This will all change as Federal Land, now under the leadership of former banker Pascual Garcia III, former president of Philippine Savings Bank, recently consolidated vast tracts of land in its Metropolitan Park along Pasay’s Manila Bay area. Federal Land consolidated its hold on some 40 hectares of land in this area—which is adjacent to the Pagcor Entertainment Complex and Mall of Asia complex. This gives the property developer 20 hectares of additional prime landbank to build on in the decades to come.

Federal Land has completed master-planning the expanded Metropolitan Park estate, which will have 20 to 22 new office and residential towers and a destination shopping mall. These are on top of 15 residential towers already undergoing various phases of construction.

Suffice to say, this is the biggest urban mixed-use project in Federal Land’s growing portfolio, one that will signal its evolution as a bigger property developer reshaping the skyline of the metropolis in the years to come.—DORIS DUMLAO-ABADILLA

Read more: http://business.inquirer.net/226153/bizbuzz-anticompetitive-port-buyout-redux#ixzz4bRUgiRdY
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11 FEB 2017

Toyota cornered 47.8% of the market in terms of sales in January, Friday’s data showed. Number two automaker Mitsubishi Motor Philippines Corp. accounted for 16.24%, while Ford Motor Philippines, Inc., 8.28%.
http://www.bworldonline.com/content.php?section=Corporate&title=vehicle-sales-off-to-a-strong-start&id=140491



03 FEB 2017
Toyota registers exports of $841m
http://thestandard.com.ph/business/228328/toyota-registers-exports-of-841m.html



30 JAN 2017
Toyota PHL eyes 10% increase in production
http://www.bworldonline.com/content.php?section=Corporate&title=toyota-phl-eyes-10&37-increase-in-production&id=139774



29 JAN 2017
George SK Ty pays homage to Filipino masters
Read more: https://business.inquirer.net/223709/george-sk-ty-pays-homage-filipino-masters#ixzz4X6wIObk8
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23 Dec 2016
Toyota urges suppliers to ramp up prod’n ahead of new Vios launch
http://www.philstar.com/business/2016/12/23/1655938/toyota-urges-suppliers-ramp-prodn-ahead-new-vios-launch