DoubleDragon offers property investors sustained hyper growth
DoubleDragon is the 26th largest company of 267 listed on the Philippine Stock Exchange in terms of market capitalisation at more than US$2 billion
Among the 37 listed property stocks in the Philippine bourse, DoubleDragon Properties stands out with its distinct promise of a surging long-term business growth.
Listed only in April 2014, DoubleDragon is a newcomer in the local bourse that has exhibited spectacular growth. Since the beginning of last year, for instance, its share price has appreciated more than 100 per cent on the back of excellent fundamentals. More importantly, DoubleDragon expects to sustain such growth because 90 per cent of its future earnings will be coming from recurring rental income when the company completes its development projects by 2020.
“As a new player, we want investors to know where our company started from, its vision, where we are today and where we are heading,” says Hannah Yulo, DoubleDragon’s chief investment officer and senior vice-president for corporate finance. “We want people looking at emerging markets, particularly those focusing on companies with high growth potential, to know our story.”
Sia’s magic touch
To better understand DoubleDragon, it would help to look at its co-founder, Edgar Sia II, famed for establishing the Mang Inasal Philippine fast-food restaurant franchise. Known to most people as “Injap”, Sia already had hands-on training when he was only 10 years old, looking after the family grocery business in Roxas city, a provincial town in the Visayas region of the Philippines.
At age 26, Sia launched from scratch his first barbecue chicken outlet in Iloilo city. With thorough research, precise planning and aggressive execution, he was able to expand his Mang Inasal quick service barbecue restaurant franchise to 338 branches nationwide. Sia accomplished all this in only seven years. At 33 years old, Sia became the country’s youngest billionaire when Philippine fast-food giant Jollibee Foods acquired Mang Inasal for 3 billion Philippine pesos (HK$470 million) in 2010. Fast forward to last year, Mang Inasal grew further with 460 stores nationwide and more than 12 billion pesos in system-wide sales.
