DT_20190713

B10 BUSINESS
Saturday, 13 July 2019
Daily Tribune
98-meter passenger
ferry arriving October
Chelsea grew its net income by 21 percent to P139
million in the first quarter from P115 million in the
same period last year on the back of increases in its
shipping and logistic segments
By AJ Bajo
The tenth new roll on-roll off passenger (ropax) ferry procured by
Dennis Uy-led Chelsea Logistics and Infrastructure Holdings Corp.
with carrying capacity of 740 passengers, 22 buses and six trucks is
slated for delivery in October this year.
In a disclosure to the stock exchange on 12 July, shipping and logistics
firm Chelsea said the 98-meter M/V Trans-Asia 20 (Hull No. S-1190) was
launched on 5 July at the Japan shipyard of its builder Kegoya Deck Co., Ltd.
Chelsea president and chief executive officer Chryss Alfonsus Damuy
said that there are “a number of new projects still in the pipeline” under
its agreement with Kegoya, in line with its bid to support the shipping
industry’s modernization.
“We expect our fleet expansion program to contribute to our
market dominance and to continue to provide an alternative reliable
transportation to Filipinos,” Damuy was quoted as saying.
M/V Trans-Asia 20 brings Chelsea’s total fleet to 89 vessels. This includes
30 ropax vessels, 11 fast crafts, 15 cargo shops, 12 tankers, 15 tugboats, four
barges and two floating docks. The addition also wraps up Chelsea’s plan
of acquiring two new vessels this year, as it has also received a 67-meter
ropax last April.
Chelsea and Kegoya has also started the construction of another
98-meter bed/seat ropax ferry, which has a gross tonnage of 5,100
CALCULATIONS by the Asian Institute of
Petroleum Studies show that coco diesel blend
of 5 percent from 2 percent at the moment
should push the per liter price higher by only
20 centavos or way cheaper than government
projection of P2.49 per liter.
‘5% CME
should not be
expensive’
Coco-biodiesel makes diesel
fuel burn easily and completely,
leading to more power and mileage
improvement
The Philippine Biodiesel Association (TPBA)
on Friday urged regulators to increase the
biodiesel component in locally available diesel
from 2 percent at the moment to 5 percent.
At 5 percent, the TPBA said the cost of
biodiesel should not top 20 centavos more than
they cost at present, unlike what some people
are saying at the Department of Energy who
claim the higher CME blend could push the
price higher by P2.49 per liter.
“We need to correct the wrong computation
and right now that’s a hurdle that we have to
overcome because the people in the Department
of Energy, they think that what they’re doing
is correct,” Rafael Diaz, Asian Institute of
Petroleum Studies Inc. president, told reporters.
The 11-company TPBA supports the phased
increase in biodiesel starting with 3 percent
this year and 5 percent by 2021.
Coco-biodiesel, or coconut methyl ester
(CME) was first adopted in 2007 with the
implementation of Republic Act 9367 or the
Biofuels Act of 2006 when diesel was 1 percent
CME and 2 percent the following year. The
proportion has not changed since then.
We need to correct the wrong
computation and right now that’s
a hurdle that we have to overcome
because the people in the Department
of Energy, they think that what they’re
doing is correct.
According to Diaz, Malaysia and Indonesia
currently have an oversupply of palm oil, hence
the increase in their use of palm-biodiesel. The
Philippines can do the same with the oversupply
of coconut oil. It should be noted however that
coconut oil is far more superior as a biodiesel
feedstock compared to palm oil and other types
of oil (including soya bean oil, canola oil, and
sunflower oil), which would make our local
biodiesel better in quality.
Diaz said increasing the CME blend may not
lower pump price of diesel at this time, but the
fuel savings translates to measurable mileage
gain and the savings can be substantial.
“Coco-biodiesel makes diesel fuel burn easily
and completely, leading to more power and mileage
improvement,” Diaz explained. “If there is a 10
percent mileage improvement and diesel cost is at
P40, you can effectively save P4 per liter.”
He brushed aside claims that CME is
expensive and anti-consumer, saying these are
unsubstantiated past issues. Maria Romero
NEARLY two dozen buses, half a dozen trucks and 740 souls could be
accommodated with comfort at the 98-meter roll-on roll-off ferry purposely
built in Japan for Chelsea Logistics and Infrastructure Holdings Corp set for
delivery in over three months.
equipped with similar capacity as M/V Trans-Asia 20. It will be finished
and delivered in April 2020.
In the latter part of June, the company said that it signed an
agreement with another Japan-based shipbuilder, Fukuoka Shipbuilding
Co. Ltd., for the order of a 123-meter ropax vessel. The ship will be
delivered by June 2021.
Chelsea’s units include Chelsea Shipping Corp., Starlite Ferries Inc., Fortis
Tugs Corp. and TransAsia Shipping Lines, which it acquired early this year.
Chelsea grew its net income by 21 percent to P139 million in the first
quarter from P115 million in the same period last year on the back of
increases in its shipping and logistic segments.
FRIDAY
12 JULY 2019
PHILIPPINE STOCK EXCHANGE
NAME OPEN HIGH LOW CLOSE VALUE (P)
FINANCIALS
BANKS
ASIA UNITED 58.9 58.9 58.9 58.9 294,500
BDO UNIBANK 145.1 149.1 145.1 148.2 319,915,340
BANK PH ISLANDS 80.5 82 80.4 81.05 386,705,392.50
CHINABANK 27.15 27.45 27.15 27.45 2,761,895
EAST WEST BANK 12.14 12.22 12.1 12.16 7,866,000
METROBANK 72.2 73.6 72.2 72.9 204,927,283
PB BANK 13.2 13.2 13.2 13.2 25,080
PBCOM 20.5 20.55 20.5 20.5 229,620
PHIL NATL BANK 54.15 54.25 53.3 53.85 6,479,242.50
PSBANK 58 58.4 58 58 175,760
RCBC 26.4 27 26.4 27 375,670
SECURITY BANK 180 183 178.4 179 120,884,435
UNION BANK 62.2 62.2 60.9 61 1,123,983.50
OTHER FINANCIAL INSTITUTIONS
BRIGHT KINDLE 1.24 1.24 1.24 1.24 73,160
BDO LEASING 2.36 2.36 2.35 2.35 587,510
COL FINANCIAL 18.76 18.76 18.7 18.7 155,234
FIRST ABACUS 0.53 0.53 0.53 0.53 10,600
FERRONOUX HLDG 4.87 4.87 4.78 4.8 125,040
IREMIT 1.3 1.35 1.3 1.35 6,650
MEDCO HLDG 0.48 0.48 0.475 0.475 332,550
NTL REINSURANCE 0.99 0.99 0.99 0.99 71,280
PHIL STOCK EXCH 188.1 190 188.1 190 11,305
SUN LIFE 1,751 1,752 1,751 1,752 35,025
INDUSTRIAL
ELECTRICITY, ENERGY, POWER & WATER
ALSONS CONS 1.35 1.35 1.35 1.35 1,350
ABOITIZ POWER 36.5 36.9 36.5 36.5 38,495,310
BASIC ENERGY 0.26 0.265 0.26 0.265 314,750
FIRST GEN 26.5 26.8 26.1 26.8 198,044,640
FIRST PHIL HLDG 89.2 90.25 89.2 89.95 41,163,492
MERALCO 385.4 385.4 381.4 381.4 57,837,114
MANILA WATER 25.3 25.55 24.85 25 24,640,255
PETRON 5.7 5.7 5.61 5.61 30,135,346
PETROENERGY 4.76 4.78 4.72 4.77 342,560
PHINMA ENERGY 2.42 2.45 2.4 2.44 14,449,690
PHX PETROLEUM 12.06 12.06 11.9 12.06 27,404
PILIPINAS SHELL 39.2 39.2 38.85 39.05 9,764,465
SPC POWER 6.54 6.59 6.48 6.49 1,534,514
FOOD, BEVERAGE & TOBACCO
AGRINURTURE 14.5 14.5 14.3 14.48 12,565,708
CNTRL AZUCARERA 15.52 17 15.52 17 122,840
CENTURY FOOD 14.6 14.8 14.52 14.62 4,961,442
DEL MONTE 6.05 6.19 6.05 6.1 34,102
DNL INDUS 10.26 10.28 10.08 10.1 41,007,092
EMPERADOR 7.54 7.55 7.5 7.55 16,601,990
SMC FOODANDBEV 103 104.9 102 102.3 29,293,077
ALLIANCE SELECT 0.8 0.84 0.8 0.82 1,386,840
GINEBRA 57.5 58.3 57.5 57.7 9,141,188.50
JOLLIBEE 282 282.6 280.4 280.4 254,900,036
MACAY HLDG 8.96 9.39 8.9 9.39 109,955
MAXS GROUP 13.8 14 13.8 13.86 30,101,478
PEPSI COLA 1.81 1.84 1.74 1.77 10,895,490
SHAKEYS PIZZA 14.1 14.44 14.1 14.36 15,973,210
ROXAS AND CO 1.35 1.36 1.35 1.35 186,470
RFM CORP 4.94 5 4.94 5 1,203,640
ROXAS HLDG 2.08 2.1 1.94 2 137,480
UNIV ROBINA 173.1 174.5 171.7 171.7 83,536,758
VITARICH 1.21 1.23 1.2 1.23 1,405,590
VICTORIAS 2.58 2.58 2.58 2.58 12,900
CONSTRUCTION, INFRASTRUCTURE & ALLIED SERVICES
CONCRETE A 89 94.95 87.5 93.4 1,192,255
CONCRETE B 105 108.9 100.4 108.9 625,627
CEMEX HLDG 2.86 2.87 2.8 2.8 9,189,980
EAGLE CEMENT 15.24 15.42 15.24 15.3 6,308,926
EEI CORP 11 11.28 11 11.18 7,526,118
HOLCIM 14.6 14.96 14.22 14.48 22,877,840
MEGAWIDE 18.98 18.98 18.88 18.9 8,779,526
PHINMA 9.25 9.25 9.25 9.25 92,500
TKC METALS 1.2 1.2 1.17 1.19 238,120
VULCAN INDL 1.4 1.4 1.35 1.36 3,674,060
CHEMICALS
CROWN ASIA 1.97 1.98 1.96 1.98 161,330
MABUHAY VINYL 3.28 3.42 3.27 3.42 78,960
PRYCE CORP 4.86 4.86 4.8 4.84 480,240
ELECTRICAL COMPONENTS & EQUIPMENT
CONCEPCION 40.3 40.3 40.3 40.3 8,060
GREENERGY 2.6 2.61 2.54 2.58 21,576,610
INTEGRATED MICR 10 10 9.92 10 3,244,356
IONICS 1.7 1.7 1.66 1.69 182,440
PANASONIC 5.86 5.87 5.86 5.87 706,381
SFA SEMICON 1.1 1.12 1.08 1.1 376,760
CIRTEK HLDG 17.3 17.6 17.1 17.42 6,618,848
HOLDING FIRMS
ABACORE CAPITAL 0.98 0.99 0.95 0.99 18,354,210
ASIABEST GROUP 12.74 13.3 12.74 13.24 1,263,886
AYALA CORP 910 921.5 910 917 244,270,900
ABOITIZ EQUITY 56.8 57.1 56 56 61,512,908
ALLIANCE GLOBAL 15.74 15.74 15.5 15.5 79,049,806
AYALA LAND LOG 3.78 3.9 3.76 3.89 8,788,080
ANSCOR 7 7.01 7 7 1,444,103
ANGLO PHIL HLDG 0.73 0.74 0.73 0.74 43,360
ATN HLDG A 1.29 1.29 1.28 1.28 2,186,970
ATN HLDG B 1.31 1.31 1.28 1.31 1,269,160
COSCO CAPITAL 7.06 7.08 7.02 7.08 58,214,151
DMCI HLDG 10.16 10.4 10.1 10.1 26,055,552
FILINVEST DEV 13.96 13.98 13.6 13.98 2,954,752
FORUM PACIFIC 0.24 0.24 0.24 0.24 24,000
GT CAPITAL 881 901 881 900 284,496,745
HOUSE OF INV 6.37 6.41 6.37 6.41 703,937
JG SUMMIT 68.6 68.95 67.85 67.85 85,867,551
LODESTAR 0.495 0.495 0.485 0.485 24,400
LOPEZ HLDG 4.46 4.46 4.38 4.4 6,816,680
LT GROUP 15.7 15.8 15.62 15.76 39,826,420
MABUHAY HLDG 0.63 0.67 0.62 0.64 4,378,990
METRO PAC INV 4.82 4.86 4.78 4.78 197,695,860
PACIFICA 0.04 0.042 0.04 0.04 2,293,700
PRIME MEDIA 1.78 1.81 1.73 1.76 4,974,660
REPUBLIC GLASS 2.81 2.81 2.81 2.81 14,050
SOLID GROUP 1.4 1.4 1.36 1.37 88,950
SM INVESTMENTS 980 981 960 960 168,262,805
SAN MIGUEL CORP 177 177.5 175.5 176 61,820,125
SOC RESOURCES 0.83 0.85 0.81 0.84 61,920
TOP FRONTIER 262 262 261 262 34,050
WELLEX INDUS 0.244 0.244 0.24 0.244 272,320
ZEUS HLDG 0.305 0.305 0.295 0.3 622,400
PROPERTY
ARTHALAND CORP 1.06 1.1 1.04 1.07 17,155,840
AYALA LAND 52.6 53 52.3 53 599,248,429.50
ARANETA PROP 2.01 2.04 2 2.03 137,330
BELLE CORP 2.3 2.35 2.3 2.31 109,320
A BROWN 0.88 0.9 0.86 0.87 5,701,960
CITYLAND DEVT 0.91 0.94 0.91 0.94 18,320
CROWN EQUITIES 0.24 0.246 0.24 0.246 612,970
CEBU HLDG 6.35 6.35 6.35 6.35 635
CEB LANDMASTERS 5.16 5.2 5.16 5.18 2,016,649
CENTURY PROP 0.62 0.63 0.61 0.62 11,170,800
CYBER BAY 0.45 0.45 0.445 0.445 454,250
DOUBLEDRAGON 24.7 25.1 24.6 24.7 6,095,495
DM WENCESLAO 9.81 9.89 9.7 9.76 5,891,136
EMPIRE EAST 0.47 0.475 0.465 0.475 2,869,450
EVER GOTESCO 0.123 0.123 0.122 0.122 26,850
FILINVEST LAND 1.82 1.91 1.81 1.91 238,630,000
GLOBAL ESTATE 1.38 1.41 1.38 1.41 2,449,590
8990 HLDG 15.5 15.54 15.5 15.5 12,741,932
PHIL INFRADEV 1.73 1.73 1.7 1.72 3,060,960
Willful leadership
transforms Manila
From page B9
Senator Lacson also extols Moreno saying: “Leaders like him
make me think about retirement.” Senator Recto also said: “Isko
Moreno is the glowing ‘Exhibit A’ of the reality that many of the
country’s problems can be solved without having to rewrite the
constitution.”
Interior Secretary Eduardo Ano also throws his support to
Moreno’s programs, saying that he should keep up the good work
and stay true to his programs. Ano highlighted the clearing of
informal settlers from creeks and other danger zones to help the
Manila Bay Rehabilitation Program.
On top of his clean-up drive, the articulate Moreno is also saying a
lot of right things. He said he is preserving the Arroceros pocket forest,
cleaning up Manila Zoo and working with the Department of Tourism
to develop Intramuros as a safe tourist district.
Mayor Isko wants to develop a “tourism circuit” that would link
Intramuros to the National Museum, Rizal Park, Binondo and other
heritage districts in the city. The Mayor also said he plans to work with
the Intramuros Administration (IA) to support its “urban regeneration”
initiative.
Tourism Secretary Berna Romulo Puyat supports Mayor Isko. She
noted that “Manila is the crucible of Philippine history and culture,
and the primary gateway to the country’s 7,641 island destinations. We
share the vision and enthusiasm of Mayor Moreno in providing our
international visitors a great first impression of the Philippines as soon
as they set foot in Manila.”
Nobody said it would be easy, but heavy is the head that wears the
crown. But if it is any indication, it looks like many of our new mayors
are up to the task. They exude an aura that they are tired of the old
way of doing things. The new blood wants change, and they want it
now. And now that they are making the moves, they are now changing
people’s hearts and minds. And sometimes that is all you need to build
a better tomorrow.
As for Mayor Isko, he said he has just gotten started and alleviated
fears he is all ningas cogon. The public for sure will keep tab on that.
NAME OPEN HIGH LOW CLOSE VALUE (P)
CITY AND LAND 0.78 0.81 0.78 0.81 68,440
MEGAWORLD 6.16 6.3 6.11 6.3 193,287,155
MRC ALLIED 0.345 0.35 0.34 0.345 3,079,050
PHIL ESTATES 0.48 0.51 0.48 0.51 137,500
PRIMEX CORP 2.15 2.16 2.15 2.15 411,120
ROBINSONS LAND 27 27.5 26.8 27.5 167,011,285
PHIL REALTY 0.405 0.405 0.405 0.405 4,050
ROCKWELL 2.29 2.35 2.29 2.3 3,268,920
SHANG PROP 3.18 3.19 3.07 3.19 388,270
STA LUCIA LAND 1.98 2.01 1.91 2 2,501,220
SM PRIME HLDG 39.2 39.25 38.3 38.3 286,074,870
STARMALLS 6.2 6.2 6.11 6.2 287,598
SUNTRUST HOME 0.83 0.89 0.8 0.83 4,952,420
VISTA LAND 7.24 7.34 7.23 7.27 36,495,863
SERVICES
MEDIA
ABS CBN 17.56 17.68 17.48 17.5 1,363,046
GMA NETWORK 5.4 5.4 5.31 5.33 840,039
MANILA BULLETIN 0.51 0.55 0.51 0.53 451,740
TELECOMMUNICATIONS
GLOBE TELECOM 2,200 2,240 2,112 2,200 84,279,270
PLDT 1,224 1,245 1,214 1,214 168,172,265
INFORMATION TECHNOLOGY
APOLLO GLOBAL 0.047 0.052 0.047 0.052 11,569,600
DFNN INC 5.96 6.2 5.9 6.2 61,446
IMPERIAL 1.91 1.95 1.91 1.95 75,090
ISLAND INFO 0.117 0.12 0.117 0.119 141,020
ISM COMM 5.96 6.03 5.71 5.8 47,111,315
NOW CORP 2.65 2.68 2.56 2.59 13,954,310
TRANSPACIFIC BR 0.35 0.35 0.34 0.35 1,095,550
PHILWEB 4.1 4.36 4.05 4.24 34,211,310
TRANSPORTATION SERVICES
2GO GROUP 11.18 11.2 10.9 11 70,526
ASIAN TERMINALS 21.6 21.6 21.6 21.6 2,160
CHELSEA 7.95 8.04 7.7 7.87 36,454,485
CEBU AIR 92.9 94 92.9 93.5 30,187,463
INTL CONTAINER 143 144.7 142.8 143.6 152,539,484
LORENZO SHIPPNG 0.9 0.9 0.87 0.89 501,660
MACROASIA 19.5 19.52 19.4 19.48 3,276,176
PAL HLDG 9.3 9.4 9.2 9.2 63,010
HARBOR STAR 2.15 2.15 2.11 2.12 3,391,450
HOTEL & LEISURE
ACESITE HOTEL 1.42 1.45 1.4 1.45 396,710
BOULEVARD HLDG 0.063 0.065 0.061 0.063 8,869,760
WATERFRONT 0.79 0.81 0.78 0.8 7,995,680
EDUCATION
CENTRO ESCOLAR 7.01 7.01 7 7 15,407
FAR EASTERN U 894.5 894.5 894.5 894.5 17,890
IPEOPLE 9.7 9.9 9.7 9.9 120,530
STI HLDG 0.8 0.8 0.77 0.8 2,723,300
CASINOS & GAMING
BERJAYA 2.72 2.72 2.62 2.63 840,930
BLOOMBERRY 11.4 11.54 11.36 11.5 114,472,346
PACIFIC ONLINE 2.98 2.98 2.85 2.9 543,690
LEISURE AND RES 3.72 3.72 3.64 3.7 1,547,590
MANILA JOCKEY 3.3 3.41 3.29 3.3 2,155,440
PH RESORTS GRP 5.18 5.2 5.16 5.19 209,709
PREMIUM LEISURE 0.71 0.74 0.7 0.71 10,848,830
TRAVELLERS 5.38 5.55 5.38 5.5 7,005,590
RETAIL
METRO RETAIL 2.6 2.64 2.59 2.63 3,147,720
PUREGOLD 45.6 46.15 45.6 45.9 101,914,580
ROBINSONS RTL 78.75 80 77.95 80 48,320,891
PHIL SEVEN CORP 132 140 132 140 33,163,520
SSI GROUP 3.54 3.58 3.43 3.44 13,247,810
WILCON DEPOT 16.86 16.92 16.82 16.82 19,044,742
OTHER SERVICES
APC GROUP 0.56 0.56 0.52 0.53 5,499,320
EASYCALL 9.98 10 9.62 9.62 188,398
GOLDEN BRIA 428.4 428.4 420 420 147,818
IPM HLDG 5.7 6 5.7 5.75 53,770
PRMIERE HORIZON 0.88 0.89 0.85 0.85 16,860,560
SBS PHIL CORP 9.39 9.49 9.35 9.49 320,416
MINING & OIL
MINING
ATOK 12.3 12.3 11.48 12.08 35,332
APEX MINING 1.11 1.14 1.1 1.14 2,518,450
ABRA MINING 0.0018 0.0019 0.0016 0.0018 3,538,100
ATLAS MINING 2.7 2.7 2.7 2.7 2,700
BENGUET A 1.25 1.25 1.25 1.25 60,000
CENTURY PEAK 2.84 2.84 2.81 2.81 510,300
DIZON MINES 7.87 7.87 7.78 7.78 3,906
FERRONICKEL 1.45 1.46 1.43 1.44 634,920
GEOGRACE 0.222 0.222 0.218 0.218 34,980
LEPANTO A 0.107 0.11 0.107 0.109 34,650
LEPANTO B 0.123 0.123 0.123 0.123 19,680
MANILA MINING A 0.0077 0.0077 0.0075 0.0075 120,200
MARCVENTURES 1.23 1.23 1.15 1.18 747,460
NIHAO 1.04 1.04 1.03 1.03 89,620
NICKEL ASIA 2.25 2.27 2.19 2.25 2,869,420
ORNTL PENINSULA 0.84 0.85 0.84 0.85 49,230
PX MINING 3.55 3.6 3.53 3.54 177,330
SEMIRARA MINING 22.35 22.9 22.35 22.5 33,297,500
OIL
ORNTL PETROL A 0.012 0.013 0.012 0.013 2,641,800
ORNTL PETROL B 0.012 0.012 0.012 0.012 18,000
PHILODRILL 0.01 0.011 0.01 0.01 38,100
PHINMA PETRO 4.7 4.8 4.68 4.8 1,167,820
PXP ENERGY 7.65 7.9 7.65 7.75 3,779,587
PREFERRED
HOUSE PREF A 96.95 97 96.9 96.95 1,458,671.50
AC PREF B1 490 490 488 490 1,379,800
AC PREF B2 483.2 490 483 490 294,732
ALCO PREF B 100 100 100 100 20,000
DD PREF 99.05 99.05 99 99 5,950,400
SMC FB PREF 2 990 1,000 990 990 6,255,150
FGEN PREF G 104.1 104.1 104 104 582,470
GLO PREF P 499 499 499 499 209,580
GTCAP PREF A 950 985 950 985 900,950
GTCAP PREF B 945 945 945 945 103,950
LR PREF 1 1 1 1 15,000
PNX PREF 3B 106 106 106 106 474,880
PCOR PREF 3A 1,011 1,011 1,010 1,011 4,094,500
PCOR PREF 3B 1,011 1,012 1,011 1,012 374,340
SMC PREF 2B 75.2 75.2 75.15 75.2 324,854
SMC PREF 2C 76.2 76.75 76.1 76.75 2,219,621
SMC PREF 2D 73 73 73 73 73,000
SMC PREF 2E 74.95 74.95 74.95 74.95 1,049,300
SMC PREF 2F 74.85 74.95 74.5 74.5 2,790,125
SMC PREF 2G 73.3 74.5 73.25 74.5 982,395
SMC PREF 2H 73.5 73.8 73.5 73.8 882,600
SMC PREF 2I 74 74 74 74 2,220
PHIL. DEPOSITARY RECEIPTS
GMA HLDG PDR 5.37 5.37 5.25 5.37 94,151,040
WARRANTS
LR WARRANT 1.84 1.87 1.83 1.84 105,130
SMALL, MEDIUM & EMERGING
ITALPINAS 4.96 5.09 4.96 5.05 1,232,627
XURPAS 1.09 1.1 1.08 1.09 2,121,180
EXCHANGE TRADED FUNDS
FIRST METRO ETF 122 122.4 122 122.2 851,306