Euromoney cites Robinsons Land

MANILA, Philippines - Leading international magazine Euromoney has named Robinsons Land as winner of the overall best managed company in The Philippines in the Euromoney ‘Best Managed and Governed Companies – Asia poll 2013’.

With this latest citation, the real estate arm of JG Summit Holdings Inc. of the Gokongwei Group has cemented anew its foothold in the local real estate market, proving itself to be a major player in property development with 32 malls, eight office buildings, nine hotels, 59 residential condominiums, and 32 housing subdivisions, strategically located across the country.

Robinsons Land president Frederick Go noted that the company’s efforts in managing resources wisely over two decades and its team of talented and dynamic people have allowed it to gain success and patronage in areas where they build.

These efforts, which have since resulted in quality and innovative developments, likewise made Robinsons Land a much trusted brand as seen with its successful project launches and the completion of the company’s planned developments.

At the same time, these further allowed the company to gain recognition from various national and international giving bodies, the latest of which was the award conferred by Euromoney.

Euromoney’s Annual Company ranking was based on a broad survey that took place last year. The poll is based on replies received from a total of 130 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 207 different companies. Analysts were asked to name which companies were the most impressive across a number of factors including; management accessibility, accounting transparency and corporate governance procedures amongst others.

Analysts praised Robinsons Land for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”.

Analysts also noted that “Robinsons Land senior management is open to all questions and requests from investors and analysts regarding the company’s performance and external relations are properly maintained.”

For the entire year of 2012, Robinsons Land was the top gainer in the Philippine Stock Exchange index, posting an 83.63 percent increase in its stock price from Jan. 2 to Dec. 28, 2012.

Robinsons Land posted a 10-percent growth in its revenues to P10.56 billion in the first nine months ending June 2012 with shopping malls contributed 49 percent or P5.17 billion; followed by residential segment with 31 percent or P3.31 billion, office buildings division with 10 percent or P1.06 billion and hotels division with 10 percent or P1.03 billion.

Likewise, it also posted a 10 percent climb in its net profit to P3.36 billion due to higher earnings from its shopping malls, offices, hotels and residential developments.

“Moving forward, RLC will be aggressively growing its recurring income base through our investment portfolio which includes our malls, offices and hotels and we will continue to take advantage the growth opportunities of our residential business as we capitalize the growth prospects in the Philippine economy,” according to Go.

This is the 14th annual ranking of the Best Managed and Governed Companies in Asia that Euromoney has published and is seen as the benchmark survey of the opinions of equity analysts in the region.

Clive Horwood, editor of Euromoney Magazine, said: “Asia’s best-managed companies are taking advantage of their country’s world-beating growth rates to focus on integration and expansion, while peers from other parts of the world are distracted by the tough global environment. The results of this year’s poll show that analysts are still rewarding prudent gearing, transparency, good governance and clear articulation of strategy.”