{"id":329836,"date":"2024-10-10T01:22:15","date_gmt":"2024-10-09T17:22:15","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329836"},"modified":"2024-10-10T01:22:17","modified_gmt":"2024-10-09T17:22:17","slug":"trade-the-news-aev-keen-on-managing-davao-international-airport","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-aev-keen-on-managing-davao-international-airport\/","title":{"rendered":"Trade the News: AEV keen on managing Davao International Airport"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Aboitiz Equity Ventures<\/td><\/tr>
Stock Code<\/strong><\/td>AEV<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 52.58<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The Aboitiz group has expressed interest in managing and operating Davao International Airport, signaling its continued expansion in the airport management sector.<\/p>\n\n\n\n

\u201cWe are looking into it, depending on the terms. It depends on how it comes out,\u201d Aboitiz Equity Ventures, Inc. (AEV) President and Chief Executive Officer Sabin M. Aboitiz said on the sidelines of a Cebu Pacific event last week. AEV is the listed holding company of the Aboitiz group.<\/p>\n\n\n\n

This follows the recent success of Aboitiz InfraCapital, Inc., the infrastructure arm of the Aboitiz group, in securing the contract for Laguindingan International Airport in Northern Mindanao.<\/p>\n\n\n\n

Mr. Aboitiz said the company is waiting for the government to issue the terms of reference, as it wants the auction for modernizing and operating Davao International Airport to follow a solicited process.<\/p>\n\n\n\n

\u201cThe government said they decided to do it via solicited (scheme). They are not accepting unsolicited offers now,\u201d Mr. Aboitiz said.<\/p>\n\n\n\n

In September, the Department of Transportation (DoTr) said a conglomerate had expressed interest in submitting an unsolicited proposal to manage and operate Davao International Airport.<\/p>\n\n\n\n

Transportation Secretary Jaime J. Bautista declined to name the company, explaining that it had not yet submitted its formal proposal.<\/p>\n\n\n\n

Mr. Bautista said Aboitiz InfraCapital will sign the concession agreement for the operations and maintenance of Laguindingan Airport within this month, while the company is expected to take over next year.<\/p>\n\n\n\n

Further, the DoTr expects to award the contract for the New Bohol-Panglao International Airport within the year, with the Swiss challenge deadline set for Nov. 11.<\/p>\n\n\n\n

The Swiss or comparative challenge allows other companies to submit alternative proposals to a project, with the original proponent having the right to match them.<\/p>\n\n\n\n

Valued at P4.5 billion through a public\u2013private partnership scheme, this project is expected to serve approximately 3.9 million passengers per year once completed.<\/p>\n\n\n\n

The Aboitiz group secured in 2018 the original proponent status for the New Bohol-Panglao International Airport\u2019s operations and maintenance (O&M) under a 25-year concession period.<\/p>\n\n\n\n

(News Source: Business World<\/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-329836","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\/329836","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=329836"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329836\/revisions"}],"predecessor-version":[{"id":329838,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329836\/revisions\/329838"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}