{"id":329131,"date":"2024-08-22T00:57:19","date_gmt":"2024-08-21T16:57:19","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329131"},"modified":"2024-08-22T00:57:21","modified_gmt":"2024-08-21T16:57:21","slug":"trade-the-news-smc-group-ready-to-take-over-naia-on-sept-14","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smc-group-ready-to-take-over-naia-on-sept-14\/","title":{"rendered":"Trade the News: SMC Group ready to take over NAIA on Sept. 14"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>San Miguel Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>SMC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 102.60<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The Ramon Ang-led New NAIA Infrastructure Corp. (NNIC) is all set to take over the maintenance and operations of the country\u2019s primary gateway next month, identifying terminal reassignment of airlines and construction of an off-ramp linking the Naia Expressway (Naiax) to the airport as priority plans to improve passenger experience.<\/p>\n\n\n\n

The San Miguel Corp. chief executive said in a media briefing in his headquarters in Pasig that they were looking into implementing new terminal assignments for local and foreign airlines before Nov. 1, over a month after the scheduled takeover of the consortium on Sept. 14.<\/p>\n\n\n\n

Ang said this would improve the efficiency of runway use, allowing the airport to accommodate more flights. Under the concession agreement with the government, the tycoon\u2019s consortium is tasked with increasing the number of aircraft movements or takeoffs and landings per hour from 41 flights to 48 flights.<\/p>\n\n\n\n

No specific terminal assignments have been set yet. After the initial implementation, Ang said they would evaluate if further changes would be needed.<\/p>\n\n\n\n

At present, Naia terminal 1 is exclusively for international flights while terminals 2 and 4 are for domestic operations. Terminal 3 accommodates both local and international flights.<\/p>\n\n\n\n

Meanwhile, Ang shared that an off-ramp connecting Naiax to Naia terminal 3 is expected to be completed next year to improve the flow of traffic going in and out of the the airport. The project is estimated to cost P3 billion to P5 billion.<\/p>\n\n\n\n

The permit to proceed with project had already been secured from the Toll Regulatory Board, Ang said. Utilities\u2014like water lines and electric posts\u2014are now being relocated to pave the way for the construction.<\/p>\n\n\n\n

Following NNIC\u2019s takeover of Naia, Ang said they would also focus first on repairing the elevators, escalators, toilets and air-conditioning units.<\/p>\n\n\n\n

The group also plans to build a new passenger terminal building with an annual capacity of 35 million passengers. It will rise at the site of the Philippine Village Hotel, an abandoned hotel owned by Manila International Airport Authority in Pasay City.<\/p>\n\n\n\n

(News Source: Philippine Daily Inquirer<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329131","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329131"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329131\/revisions"}],"predecessor-version":[{"id":329133,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329131\/revisions\/329133"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}