How expensive is WEB Fundamentally based on their March 2020 fInancial report?

PhilWeb Corporation (WEB) was originally incorporated on August 20, 1969 as South Seas Oil and Mineral Exploration Co. Inc. to engage in mining and oil exploration. The corporate name was later changed to South Seas Natural Resources, Inc. on March 29, 1984. In 2000, the Company again changed its corporate name to PhilWeb.Com, Inc., together with a change in its primary purpose to that of an Internet company. In 2002, the corporate name was changed to the present one. In 2005, the Company changed its primary purpose to that of application service provider for gaming and internet business activities as one of its secondary purposes.

In 2003, the Company received a license from the Philippine Amusement and Gaming Corporation (PAGCOR) to launch e-Games Stations, which are Internet cafes exclusively dedicated to casino games. With technology provided by WEB, patrons can choose from more than 300 casino games, including baccarat, blackjack, various slot machine games, video poker and sports betting. There are currently 288 operating e-Games cafes across the country, majority of which are owned and operated by independent operators. 

WEB’s subsidiaries include BigGame, Inc.; e-Magine Gaming Corporation; PhilWeb Asia-Pacific Corporation; Major Games and Amusement Corporation; and PhilWeb Mobile Lottery Corp., among others.

As of June 15, 2020, WEB was last traded at 2.36php per share. Its market price dropped by at least 50% from its 52 week high, largely because of the COVID19 pandemic, but is it now fundamentally cheap to buy?

In terms of P/E, WEB recorded a negative trailing P/E of 33.7, meaning, for every 1php earning last 2019, investors of this company are willing or is paying negative 33.7. With a negative P/E and with a negative growth rate (change in EPS) from 2018 to 2019, the company trailing PEG ratio would also be negative, which would be overvalued.

In terms of book value per share, the current market price is currently 11.8 times higher than the book value as recorded in their March 2020 financial report, meaning the company is perceived to be 11.8 times higher compare to the real worth of the company. In terms of this parameter, it’s also overvalued

In terms of income, as per their March 2020 financial statement, they also have a negative income.

Is this a good stock to accumulate fundamentally in this pandemic period? Obviously not, this is a stock being traded technically disregarding the fundamental value. 

Disclaimer: Trade or invest at your own risk.

Paano mag remit online sa I-remit singapore?

Just today nag announce ang MOM na kailangan ng mag pa-appoint muna sa remittance kung ito ay pupunta para mag remit.

Click here to read MOM announcement.

Sa mga kababayan ko na hindi pa alam paano mag remit online sa Iremit gamit ang online platform nila. Ituturo ko sya dito step by step, paano gawin in a hope na sana makatulong kung gusto ng mga kababayan ko na mag remit na hindi pumupunta sa remittance center.

Step 1: E download ang IREMITX application sa apple store kung iPhone user ka. Hindi ko kabisado yung sa Android phone, pero I presume na meron din application ang Iremit dito.

Step 2: Pag na download muna, mag join ka, then, e reredirect ka ng application papunta sa registration page, sundan mo lang yung instruction, note na ipapa picture sayo yung NRIC mo at mag papa take ng selfie to verify na ikaw yung nandun sa NRIC.

Step 3: Pag naka register ka na, mag sign in ka sa account mo, e reredirect ka sa dashboard page kung saan makikita mo ang mga features ng application, click or choose send money, makikita mo yung current na exchange rate and details na kailangan mo e fill up.

Step 4: Pag na click mo ang service mode, makikita mo ang mga option, tulad ng credit to bank account, cash pick up etc. Pag e-click mo naman ang payment method, meron dalawang option, (1) online transfer at (2) ATM cash deposit. Pag prefer mo ang online transfer, kailangan mo e transfer sa iremit dbs account yung amount na e re-remit mo, at kailangan yung dbs account na gagamitin mo sa pag tranfer papunta sa iremit account ay nakapangalan sayo. Kung wala ka naman dbs account na sarili mo, pwede mo piliin ang ATM cash deposit, dito my specific requirement sila, dapat ang total amount mo ay divisible by 10sgd, ibig sabihin, dka pwede magpadala ng 105sgd, or 115sgd and so forth.

Step 5: Pag natapos muna yung step 4, click mo lang ang next, e re-redirect ka sa page below, then add mo yung benefeciary mo, fill up mo lang yung mga kailangan e fill up.

Step 6: Pag ok na yung step 5, click next, e reredirect ka sa paymet instruction as below, depende sa payment method mo, para sa ATM cash deposit, refer to the left, kung online transfer naman, refer to the right, please read the important notes also, after reading, click next para e direct ka sa confirmation page, kapag ok na lahat, click confirm. After that, you will receive an email about your transaction, by then, within 24 hours dapat ma transfer mo or ma deposit mo sa iremit account yung pera e reremit mo. Once confirmed na ng Iremit yung deposit na usually tumatagal ng isang oras more or less, makaka receive ka ng electronic receipt ng successful remittance, then tapos na. Usually, the same day marereceive ng beneficiary mo yung padala mo, weekdays or weekend man

Side note: Ito ba ang best option para sa OFW as online remittance para iwas crowd? Para sa akin, kung my DBS account ka, meron din silang service na remittance, no fees pa sa DBS, medyo mas mababa nga lang yung palitan sa DBS remittance, pero dahil my service fee na 4sgd sa iremit, mas napapamahal ka pa actually sa iremit kaysa DBS at least in my experience. Ang nakita ko lang na advantage sa iremit is that, kahit weekend or holiday pag nagpadala ka sa kanila, usually ma receive agad ng pinadalhan mo within the day. Sa DBS naman, since walang banko sa sabado at lingo, next working day pa ma cre-credit sa pinadalhan mo.

Sa pag tatapos, sana makatulong ito sa mga kababayan nating OFW na nag tratrabaho dito sa Singapore, para iwas crowd. 

What are assets and liabilities?

Robert Kiyosaki Rich Dad Poor- Dad book, defines ASSETS as simply putting money in our pocket and LIABILITY is simply taking away money from our pocket, and according to him, to know whether an asset is really an asset, we have to see two financial statements. An item may be called an asset to someone but a liability to another. Just like an expense for someone but an income to another.

• Example: A bank will tell us that our house under a mortgage is an asset, while it really is, whose asset is it? Is it the bank asset or our asset? Reading two financial statement will let us see two sides of the story, the payment mortgage will be an asset to the bank since it put money to their pocket via mortgage payment, and is a liability to us since it takes away money from our pocket. Our savings in the bank will be a liability to them since it cost them money to safeguard it, but an asset to us because it puts money into our pocket via interest earned paid by the bank.

The poor, once they receive their paycheck usually spend it all without leaving any extra just before the next salary. They do deficit budgeting, even if they want to save, they just can't do it due to lack of self-control and, is usually not keen on educating themselves financially. 

The middle class usually prefer job security than financial freedom. They are fearful to take a risk, they buy what they thought to be an asset, it could actually be an asset, but the fact that it doesn't generate income, it becomes a liability. They work hard to pay off their supposed assets, instead of letting the assets pay for itself and really become an asset that generates income. 

The rich generate their income from their assets and pay their liabilities by the income generated by their assets. These are usually called portfolio income and passive income. Their money is working hard for them not the other way around.