JG Summit Holdings, Inc. Market Research Report
Company Overview
Name: JG Summit Holdings, Inc.
Mission: JG Summit strives to provide its customers with better choices, creating shared success with all stakeholders.
Founded: 1957 by John Gokongwei Jr.
Headquarters: 43/F Robinsons Equitable Tower, ADB Avenue cor P Poveda St., Ortigas Center, Pasig City, Metro Manila, Philippines.
Number of Employees: No information is available
Revenue: ₱187,842 million (As of June 30, 2024)
Known For: JG Summit is known for its diversified business portfolio including branded consumer food and beverage products, budget airlines, mixed-use property development, and integrated petrochemical manufacturing.
Key People:
James L. Go: Non-Executive and Non-Independent Director, Chairman since May 14, 2018.
Lance Y. Gokongwei: Executive Director, President, and CEO since May 14, 2018.
Robina Gokongwei-Pe: Non-Executive and Non-Independent Director since April 15, 2009.
Patrick Henry C. Go: Executive Director since August 1, 2023.
Johnson Robert G. Go, Jr.: Non-Executive and Non-Independent Director since August 18, 2005.
Renato T. De Guzman: Non-Executive and Independent Director since April 28, 2015.
Antonio L. Go: Non-Executive and Lead Independent Director since November 11, 2021.
Artemio V. Panganiban: Non-Executive and Independent Director since May 14, 2021.
Bernadine T. Siy: Non-Executive and Independent Director since June 3, 2024.
Products
Universal Robina Corporation (URC)
Description: One of the largest branded consumer food and beverage product companies in the Philippines, operating since 1954.
Cebu Pacific
Description: Established in March 1996, it is the Philippines’ first budget airline and largest domestic airline carrier.
Robinsons Land Corporation (RLC)
Description: Incorporated in 1980, specializes in mixed-use property development including commercial centers, office buildings, hotels, and residential condominiums.
JG Summit Olefins Corporation
Description: The first and only fully integrated petrochemical manufacturing company in the Philippines.
JG Digital Equity Ventures Inc. (JGDEV)
Description: The corporate venture capital arm of JG Summit Holdings, focusing on digital ventures.
Data Analytics Ventures, Inc. (DAVI)
Description: A data analytics firm specializing in loyalty programs and advanced analytics.
GoTyme Bank
Description: A joint venture digital bank established with Tyme, focusing on digital banking services.
DHL Summit Solutions
Description: A partnership leveraging expertise in domestic transportation to improve safety, compliance, and customer experience.
Luzon International Premier Airport Development (LIPAD) Corporation
Description: A company managing the operations and maintenance of Clark International Airport.
PLDT, Inc. (PLDT)
Description: The leading telecommunications service provider in the Philippines, offering a range of telecom services.
Manila Electric Company (Meralco)
Description: The largest private sector electric distribution utility company in the Philippines.
Singapore Land
Description: A prominent property developer with significant holdings in office and retail spaces in Singapore.
Bank of the Philippine Islands (BPI)
Description: One of the most prominent and trusted financial institutions in the Philippines, established in 1851.
Aspen Business Solutions, Inc.
Description: The shared services company of the Gokongwei Group, centralizing common transactions across the group.
Recent Developments
New Products and Features
Mantawi Residences: Recently certified as the first EDGE-certified residential development in Cebu.
RLC Residences: Announced net zero and resilient condo pledge.
URC: Entered the meal preparation market with a new breading mix; sustained agricultural programs with the Department of Agriculture.
Partnerships
Robinsons Land and Meralco: Partnership for future developments.
Gokongwei Brothers Foundation: Celebrated the 10th year of the Iskolar ni Juan program and premiered a film to honor John Gokongwei Jr.
Industry Impact
GoTyme: Recognized as the fastest-growing bank in the Philippines.
Financial Overview
Revenue: ₱187,842 million (as of June 30, 2024)
Operating Income: ₱27,779 million
Net Income Attributable to Equity Holders of Parent: ₱14,825 million
Total Assets: ₱1,003,085 million
Equity Attributable to Equity Holders of Parent: ₱358,469 million
Number of Common Shares Outstanding: 7,520,983,658
Financial Ratios
Debt/Equity Ratio: 0.67
Net Debt/Equity Ratio: 0.55
Asset to Equity Ratio: 2.14
* Current Ratio: 0.94
This extensive market research report provides a detailed analysis of JG Summit Holdings, Inc., covering its business portfolio, financial health, and recent strategic initiatives. For further details, visit their official website or contact their headquarters.
