FREE Market Commentary: SMC’s Bulacan Airport Proposal Up for ICC Review

PinoyInvestor’s “Market Views and Commentaries” highlight our partner brokers’ analysis and opinion on a range of stock market issues and events. Be ahead of other investors by reading these reports to understand how our partner stockbrokers view important issues and how these events impact the stock market.

 

Market Issue or Event

SMC’s Bulacan Airport Proposal Up for ICC Review

SMC’s unsolicited proposal for a 2,500-hectare, PHP 700.0-billion airport in Bulacan will be up for review on January 11 by NEDA and ICC. NEDA Usec. Rolando Tungpalan said that the airport will be among the priority projects to be reviewed by the agency in the committee’s first meeting this year.

 

Our Partner Broker’s View and Commentary

Approval of this airport project will be the key catalyst that will propel SMC’s share price in the near term. Although this project will take up to 10 years to complete, the government approval could set up the stock for significant gains in 2018. The consensus price target for SMC is PHP 137.00.

 

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AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

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