{"id":329467,"date":"2024-09-14T18:01:28","date_gmt":"2024-09-14T10:01:28","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329467"},"modified":"2024-09-14T18:01:30","modified_gmt":"2024-09-14T10:01:30","slug":"trade-the-news-bloom-to-finish-cavite-entertainment-complex-in-5-10-years","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-bloom-to-finish-cavite-entertainment-complex-in-5-10-years\/","title":{"rendered":"Trade the News: BLOOM to finish Cavite entertainment complex in 5-10 years"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Bloomberry Resorts Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>BLOOM<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 12.75<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Bloomberry Resorts Corp. targets to open its planned integrated resort in the Paniman area of Ternate, Cavite within the next five to ten years.<\/p>\n\n\n\n

\u201cWhile the timeline has not been finalized, the Paniman development is definitely a project that the company is keen to develop and open in the next five to 10 years,\u201d Bloomberry said in a regulatory filing on Wednesday.<\/p>\n\n\n\n

\u201cAt this time, Bloomberry is in the process of completing the land acquisition in Paniman, Ternate, Cavite and developing the masterplan for this project,\u201d it added.<\/p>\n\n\n\n

The Cavite project is set to be Bloomberry\u2019s third integrated resort in the country, alongside Solaire Resort Entertainment City in Para\u00f1aque City and Solaire Resort North in Quezon City.<\/p>\n\n\n\n

The integrated resorts operator issued the disclosure to clarify a statement by Philippine Amusement and Gaming Corp. Chairman and Chief Executive Officer Alejandro H. Tengco, who said on Tuesday that the planned Cavite integrated resort project is expected to open \u201csometime in the end of 2028.\u201d<\/p>\n\n\n\n

In May 2022, Bloomberry, through Solaire Properties Corp. (SPC), entered into an agreement with a group of landowners consisting of Boulevard Holdings, Inc., Puerto Azul Land, Inc., Ternate Development Corp., and Monte Sol Development Corp. for the purchase of 2.8 million square meters (sq.m.) of land in the Paniman area at an average price of P2,700 per sq.m.<\/p>\n\n\n\n

As of June 30, SPC has purchased 220 lots with a total land area of 1.81 million sq.m.<\/p>\n\n\n\n

In May, Bloomberry inaugurated the 1.5-hectare Solaire Resort North in Quezon City. It features 526 rooms consisting of deluxe guest rooms ranging from 42 to 49 sq.m., and suites ranging from 89 to 382 sq.m.<\/p>\n\n\n\n

Aside from its Philippine operations, Bloomberry also owns the Jeju Sun Hotel & Casino in South Korea.<\/p>\n\n\n\n

(News Source: BusinessWorld<\/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-329467","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\/329467","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=329467"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329467\/revisions"}],"predecessor-version":[{"id":329470,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329467\/revisions\/329470"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}