Belle Corp.
PPSE:BEL1.04
PHP
-0.04
(-3.70%)
ISIN
PHY0775S1043
CUSIP
Y0775S104
Return %
Stock
S&P 500
1Y
-25.18
14.20
3Y
-13.33
81.12
5Y
-25.18
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Armin Antonio B. Raquel-Santos
- Sector
- Finance
- Industry
- Real estate development
- Address
- Pasay Philippines
- IPO Date
- Feb 2, 1977
- Website
- bellecorp.com
- Similar Companies
- Business
- Belle Corporation is a Philippines-based investment and property development company primarily engaged in the development of premium leisure properties, luxury residential communities, and integrated gaming and entertainment resorts. Founded in 1973 and headquartered in Pasay City, Philippines, the company operates as the dedicated leisure and gaming arm of SM Investments Corporation. Belle Corporation conducts its operations through three principal business segments: Real Estate Development and Property Management, Gaming and Gaming-Related Activities, and Other Investments. The company’s core products and services encompass the master-planning, development, sale, and leasing of luxury mountain resort residential communities, upscale subdivisions, and premium condominium developments across the Tagaytay Highlands and Tagaytay Midlands estates in Cavite, Laguna, and Batangas; the ownership, development, and commercial leasing of the land and building assets comprising the City of Dreams Manila integrated resort and casino complex in Entertainment City, Parañaque; the earning of recurring lease rentals and gaming revenue shares from integrated casino, hospitality, retail, and entertainment facilities operated in partnership with Melco Resorts and Entertainment (Philippines) Corporation; the administration, management, and marketing of proprietary club shares, recreational amenities, and private sports clubs including the Tagaytay Highlands Golf Club, Tagaytay Midlands Golf Club, and The Country Club at Tagaytay Highlands; and the lease of online lottery gaming systems, terminals, and distribution infrastructure to the Philippine Charity Sweepstakes Office through its gaming associate, Pacific Online Systems Corporation. In recent developments, Belle Corporation successfully executed a mandatory tender offer to acquire the outstanding minority shares of its gaming subsidiary, Premium Leisure Corp., resulting in the subsidiary's full consolidation and voluntary delisting from the Philippine Stock Exchange in July 2024 to optimize corporate structure and operational synergies. Furthermore, the company continues to expand its leisure portfolio by pursuing regulatory licensing for a proposed 200 million to 300 million US dollar integrated resort and casino development in the Clark Freeport Zone in Pampanga, alongside ongoing residential cluster launches at Tagaytay Highlands and strategic capital management initiatives, including treasury share placements, to support pipeline tourism and real estate investments.