Mass housing developer 8990 Holdings Inc. said Monday it will conduct a share buyback worth up P2 billion in a bid to enhance and improve shareholder value. 8990 Holdings said in a disclosure to the stock exchange it would implement the share buyback program for a period 18 months, or until August 1, 2020.
Financial Adviser: 5 Reasons Why HOUSE is the Best Performing Property Stock Since Market Bottom and How to Profit from It
The stock of housing developer 8990 Holdings (PSE: HOUSE) has been rising consistently since the PSE Index bottomed out in November last year. In fact, HOUSE rallied two weeks ahead of the market recovery in late October, gaining a total of 24.7 percent to date, the largest among the profitable property stocks in the PSE. The other stocks in the ..
Riding on a strong momentum from last year, mass housing developer 8990 Holdings expects net profit this year to reach P5.2 billion on the back of about P13 billion worth of revenue. Citing latest unaudited results, 8990 Holdings said it had hit its full-year 2018 revenue target of P11.5 billion. “We had a strong fourth quarter given the increased interest ..
MANILA -- Property developer 8990 Holdings Inc said Monday it expected net income of P5.2 billion in 2019, after it met its revenue target in the previous year. The company said it set revenue guidance at P13.5 billion this year after posting P11.5 billion in revenues in the previous year. Fourth quarter results are "strong," 8990 president and CEO Willie ..