Philippine Stock Market Research

January 22, 2017

Robinsons Land Corp.’s (RLC) Strengths and Future Prospects


RLC is the second biggest mall operator in the Philippines behind SMPH.  It is also likened as a mini-ALI with similar businesses in real estate development, office space leasing and hotels.

RLC is a good asset play with a huge discount to its NAV.  However, earnings valuations have to catch up.  Its current share price is just equivalent to its earnings valuations and provides minimal upside.

RLC though has an expansion program in all businesses that can prop up earnings in the medium term.  It remains stable with mall space leasing income at almost 60% of earnings.  With this, RLC can weather a storm.

Weighing down RLC are US President Trump’s protectionist policies and rising interest rates.  These are the same concerns other property stocks have, but RLC’s share price has remained unperturbed until now.


This report is solely for information. It should not be constituted as an offer for solicitation for the purchase or sale of securities mentioned. The information herein has been obtained from sources believed to be reliable. Whilst every effort has been made to ensure accuracy, we do not guarantee the accuracy or completeness of the report. All opinions and estimates expressed herein constitute our judgment as of this date made on a reasonable basis and are subject to change without notice. No liability can be expected for any loss arising from the use of this report or its contents. As this is general information, it does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may obtain this report.  Pictures in this report cannot be copied or redistributed and are owned by Corpecon Research.