{"id":329477,"date":"2024-09-14T18:16:12","date_gmt":"2024-09-14T10:16:12","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329477"},"modified":"2024-09-14T18:16:13","modified_gmt":"2024-09-14T10:16:13","slug":"trade-the-news-smc-eyes-partnership-for-caticlan-resort-project","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smc-eyes-partnership-for-caticlan-resort-project\/","title":{"rendered":"Trade the News: SMC eyes partnership for Caticlan resort project"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEUTRAL 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

SAN MIGUEL Corp. (SMC) may seek a partner to develop a leisure resort near the Godofredo P. Ramos Airport in Caticlan, the company\u2019s president said.<\/p>\n\n\n\n

\u201cLeisure resort development is not our expertise; I think we will find a partner to develop the land there,\u201d SMC President and Chief Executive Officer Ramon S. Ang said at a forum on Monday.<\/p>\n\n\n\n

The development of the leisure resort is part of the company\u2019s plan to cater to the growing tourism in the area as it is also in charge of the modernization of the airport in Caticlan.<\/p>\n\n\n\n

SMC, through its infrastructure unit, oversees the modernization of Godofredo P. Ramos Airport, also known as the Boracay airport.<\/p>\n\n\n\n

The company said it also handles the long-term development and construction of an international airport passenger terminal and the extension of the existing runway to cater to bigger aircraft.<\/p>\n\n\n\n

Further, Mr. Ang said the company is hoping to award the contract for the construction of the new passenger terminal at the airport this year.<\/p>\n\n\n\n

\u201cThe next step for us is to build a passenger terminal of seven-million capacity with eight-passenger boarding bridges. It should be finished in less than three years, this modern passenger terminal,\u201d he said.<\/p>\n\n\n\n

Mr. Ang said the current facilities at the Caticlan airport are temporary.<\/p>\n\n\n\n

\u201cThe terminal right now is just temporary. The reason why it is taking too long is everything is privately owned property,\u201d he added.<\/p>\n\n\n\n

Aside from the Caticlan airport, SMC is also developing the Bulacan airport, or the P740-billion New Manila International Airport.<\/p>\n\n\n\n

The company, through the New NAIA Infrastructure Corp., is also set to take over the operations and maintenance of the country\u2019s main gateway on Sept. 14.<\/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-329477","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\/329477","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=329477"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329477\/revisions"}],"predecessor-version":[{"id":329479,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329477\/revisions\/329479"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}