Tee-rrific surge: Golf shares soar as COVID drives push to take up the sport

By Adrian Flores

When the COVID-19 pandemic forced the Philippine government to stop operations in sports, stakeholders in the golfing industry expected their shares to slip to all-time levels.

The scene before the worldwide halt was already gloomy in terms of price per share. The global pandemic, it seemed, worsened the situation.

On the contrary, the opposite happened. Instead, golf flourished over the past one and a half years. Athletes shifted their focus and the non-believers, who completely see golf as a rich man’s activity, made a huge turnaround and got hooked on the sport.

“People had nothing to do during the lockdown. Golf, because it was partially open, offered an alternative to de-stress and unwind. The golf industry is thriving as more people take up the sport,” said Sarah S. Medina, president and CEO of leading trading company G&W Clubshares Inc.

Medina noted that share prices of top tier clubs Manila Golf Club have breached the P125-million mark (up from around P83M pre-pandemic) while Wack Wack Golf and Country Club is at P55 million from P40 million plus.

Also gaining ground are Alabang Country Club at P12.5 million, Sta. Elena at P8-9 million, Manila Southwoods at P3-3.5 million, Valley Golf Club at P2.5 million and Canlubang at P2-3 million.

“These figures, I think, will shoot up until the end of the year as the demand remains high,” she said.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

Saso, Pagdanganan to play in VOA Championship

Yuka Saso goes for another duty on the LPGA Tour as she is set to join the Ascendant LPGA Benefiting Volunteers of America Championship in The Colony, Texas starting on Thursday (Friday in Manila).

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.