Stock Investing Philippines - The Promise of Vista

Shopping in the PSE, Vista land was always on my list.  The popularity of Camella Homes (the real estate brand) in the 1990's turns Manny villar into a billionnaire.  The company have been robust in the real estate business and providing affordable homes to every Filipino.  It caters to different class of clientelle in the the Philippine society, with Britanny, Crown Asia (high end) while Camella and Vista Residences (low cost housing) positioned in the broad middle class and cornered the biggest chunk in the market.  The business joined the bandwagon in the high rise residential and commercial in Metro Manila.  The performance was encouraging.  Vista's business model was purely Filipino style of management and marketing.  The sound financial position is a signal for a much better future for Vista Land.  It has a strong liquidity with almost P10B cash as of the 3rd qtr of 2012 financial condition.


The stock is currently trading P4.85 a discount of 36% on net asset value.  Price earning ratio 11.06 (4.85/.418) the interpretation is that an investor is willing to pay 11.06  for every P0.418 of  current earnings.

My position is to get more of VLL but I have to wait for the proper entry.  Investing is fun if it is in the Philippines.

Important information and highlights of Vista Land and Lifescapes. 

Land Market Value as of September 2012 - P42.7B

Debt to Equity Ratio - .14:1 (the company has strong capital base to support its borrowings)
 
Net Income Dec. 31, 2011 - P3.53B 17% higher than previous year
 
Camella accounts for 65% of VLL sales
 
Net Asset Value - 7.65/share
 
Dividend History - since 2008 an average of P0.076 per share were distributed to stockholders        

http://www.vistaland.com.ph/photos.php?id=4