{"id":330957,"date":"2024-12-18T22:39:49","date_gmt":"2024-12-18T14:39:49","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330957"},"modified":"2024-12-18T22:39:52","modified_gmt":"2024-12-18T14:39:52","slug":"trade-the-news-meg-eyes-three-township-projects-in-2025","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-meg-eyes-three-township-projects-in-2025\/","title":{"rendered":"Trade the News: MEG eyes three township projects in 2025"},"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 2.71<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Megaworld Corp. (MEG) plans to launch at least three new township projects in 2025, according to its executive director.<\/p>\n\n\n\n

\u201cI think we are looking at least two to three minimum for next year\u2019s launches,\u201d Megaworld Executive Director Kevin Andrew L. Tan told reporters last week.<\/p>\n\n\n\n

Earlier this month, the company announced that it had reached its target of 35 township projects.<\/p>\n\n\n\n

Its 35th township project is being developed by Megaworld\u2019s subsidiary Global-Estate Resorts, Inc., which has allocated P5 billion to develop the 117-hectare Upper Central in Cagayan de Oro City over the next 10 years.<\/p>\n\n\n\n

The project 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

About 40% of the township will be allocated for roads, as well as green and open spaces, the company said.<\/p>\n\n\n\n

For the third quarter, Megaworld saw a 24.9% increase in its third-quarter attributable net income to P5.17 billion from P4.14 billion a year ago, led by growth across its key businesses.<\/p>\n\n\n\n

Megaworld\u2019s third-quarter revenue jumped by 25% to P20.69 billion from P16.56 billion last year.<\/p>\n\n\n\n

Real estate sales grew by 31% to P13 billion on sustained demand across the company\u2019s township developments, led by residential sales.<\/p>\n\n\n\n

Rental income rose by 7.4% to P4.83 billion, while revenue from hotel operations, driven by Megaworld Hotels & Resorts, increased by 37% to P1.28 billion.<\/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-330957","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\/330957","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=330957"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330957\/revisions"}],"predecessor-version":[{"id":330959,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330957\/revisions\/330959"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}