{"id":331378,"date":"2025-02-05T23:21:34","date_gmt":"2025-02-05T15:21:34","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331378"},"modified":"2025-02-05T23:21:38","modified_gmt":"2025-02-05T15:21:38","slug":"trade-the-news-smc-greenlights-skyway-stage-4-despite-p56-billion-cost-spike","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smc-greenlights-skyway-stage-4-despite-p56-billion-cost-spike\/","title":{"rendered":"Trade the News: SMC greenlights Skyway Stage 4 despite P56-Billion cost spike"},"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) is committed to pushing forward with a new major expressway that will boost access in the eastern portion of Metro Manila\u2014despite a sharp increase in the proposed budget.<\/p>\n\n\n\n

Clarifying a report by InsiderPH, the industry giant led by tycoon Ramon S. Ang said the South East Metro Manila Expressway (SEMME)-Skyway Stage 4 will cost nearly P56 billion to build.<\/p>\n\n\n\n

This was about 23 percent more than the initial budget estimate of P45.27 billion, which SMC explained was based on 2013 prices.<\/p>\n\n\n\n

Fast construction if right-of-way is delivered <\/strong><\/p>\n\n\n\n

The 32.7-kilometer project, consisting of up to six phases, will be built and operated by SMC affiliate SMC Skyway Stage 4 Corp. under a 30-year concession period.<\/p>\n\n\n\n

The company said the first phase of the project can be completed within two years \u201cfrom the resolution and settlement of right-of-way issues with the government, as reported in the aforementioned article.\u201d<\/p>\n\n\n\n

\u201cSkyway Stage 4 will complement the other infrastructure projects of the San Miguel Group and may serve as an alternate route for the southern and eastern parts of Metro Manila, helping ease traffic congestion along Epifanio de los Santos Avenue (EDSA) and C5,\u201d SMC said in a stock exchange filing.<\/p>\n\n\n\n

Key agreements signed this week<\/strong><\/p>\n\n\n\n

SMC earlier signed a right-of-way usage agreement on Feb. 3 with the Department of Transportation, the Department of National Defense (DND), and the Veterans Association of the Philippines, which owns parts of the land that SEMME\u2019s carriageway will traverse.<\/p>\n\n\n\n

Once completed, the elevated and street-level toll road will cut travel time from Bicutan, Taguig, to the Batasan area in Quezon City from about two hours to just under 30 minutes.<\/p>\n\n\n\n

(News Source: Insider PH<\/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-331378","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\/331378","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=331378"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331378\/revisions"}],"predecessor-version":[{"id":331380,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331378\/revisions\/331380"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}