{"id":330793,"date":"2024-12-05T12:37:18","date_gmt":"2024-12-05T04:37:18","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330793"},"modified":"2024-12-05T12:37:20","modified_gmt":"2024-12-05T04:37:20","slug":"trade-the-news-meg-invests-p5-billion-in-35th-township-in-cdo","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-meg-invests-p5-billion-in-35th-township-in-cdo\/","title":{"rendered":"Trade the News: MEG invests P5 billion in 35th township in CDO"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Megaworld Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>MEG<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 2.79<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MEGAWORLD CORP. (MEG) is expanding its portfolio to 35 townships as it starts the development of The Upper Central integrated lifestyle community in Cagayan de Oro City.<\/p>\n\n\n\n

The 117-hectare township is being developed by Megaworld\u2019s subsidiary Global-Estate Resorts, Inc. (GERI).<\/p>\n\n\n\n

\u201cWith GERI as the primary developer of The Upper Central, it is allocating an initial P5 billion to develop the entire integrated lifestyle community in the next ten years,\u201d Megaworld said in a stock exchange disclosure on Monday.<\/p>\n\n\n\n

The Upper Central is located along J.R. Borja Road in Barangays Gusa and Indahag, overlooking Downtown Cagayan de Oro. The township is 10 to 15 minutes away from the city\u2019s downtown area and less than an hour away from Lagu-indingan International Airport.<\/p>\n\n\n\n

\u201cThe Upper Central will be a milestone development as it is our 35th township launched on our 35th year in the Philippine real estate industry. As we develop this new township, our vision as a developer remains: to help uplift the lives of the community and also to help propel the local economy through the jobs that we create. We hope to impart this lasting impact to Kagay-anons and the rest of the people of Mindanao,\u201d Megaworld President Lourdes T. Gutierrez-Alfonso said.<\/p>\n\n\n\n

Highlighted by views of Macajalar Bay and the Malasag Mountain Range, the township will have residential villages, a pedestrianized commercial and shophouse district, mixed-use developments, and its own town center.<\/p>\n\n\n\n

The township will feature a central park, landscaped open spaces, viewing decks, mountain and bike trails, and an adventure park, with sloping terrain reaching up to 245 meters above sea level.<\/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-330793","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\/330793","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=330793"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330793\/revisions"}],"predecessor-version":[{"id":330795,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330793\/revisions\/330795"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}