Megaworld Corporation

Equities

MEG

PHY594811127

Real Estate Development & Operations

End-of-day quote Philippines S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.78 ^PHP	-0.56%		+2.89%	-9.64%

Apr. 25	Glass Lewis ESG Controversy Alert: Megaworld	MT
Apr. 19	Megaworld Offloads PHP500 Million Worth of MREIT Shares	MT

Megaworld Corporation to Build 374-Room Savoy Hotel in Capital Town Pampanga

May 16, 2023 at 01:00 am EDT

Megaworld Corporation is building the 374-room Savoy Hotel Capital Town, the company's first-ever hotel development in Northern Luzon, which will rise inside its 35.6-hectare Capital Town Pampanga. To be managed and operated by Megaworld Hotels & Resorts, Savoy Hotel Capital Town will be the 18th hotel property launched and will be scheduled for opening in 2028.

Latest news about Megaworld Corporation

Glass Lewis ESG Controversy Alert: Megaworld	Apr. 25	MT
Megaworld Offloads PHP500 Million Worth of MREIT Shares	Apr. 19	MT
Transcript : Megaworld Corporation, 2023 Earnings Call, Mar 05, 2024	Mar. 05
Megaworld Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Megaworld to Open New Hotel in Pasig, Philippines	Feb. 05	MT
Megaworld to Construct Second Hotel at Paragua Coastown Township	Jan. 11	MT
Megaworld to Develop New Township in Palawan, Philippines	Dec. 05	MT
Transcript : Megaworld Corporation, Nine Months 2023 Earnings Call, Nov 09, 2023	Nov. 09
Megaworld Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Megaworld Declares Dividend	23-10-13	MT
Megaworld Corporation Declares Cash Dividends on Outstanding Common Shares, Payable on 14 November 2023	23-10-12	CI
Megaworld Launches Sixth Residential Condominium Tower in Taguig, Philippines	23-09-27	MT
Megaworld to Open New Residential Condominium Development	23-09-20	MT
Megaworld Corporation to Build 26-Storeys, Two-Tower Residential Condominium Development in Bacolod	23-09-19	CI
Megaworld's Net Profit Soars 31% in H1	23-08-11	MT
Megaworld Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-10	CI
Megaworld to Open New Hotel Development Before End-2023	23-07-24	MT
Megaworld to Build PHP1.5 Billion Convention Center in Cebu, Philippines	23-07-18	MT
Megaworld Corporation to Build Standalone Convention Center Near the Beach in Mactan	23-07-17	CI
Megaworld Introduces First Beachside Residential Condominium Development	23-07-05	MT
Megaworld Corporation to Build its First Beachside Residential Condominium Development in San Vicente, Palawan	23-07-04	CI
Megaworld Corporation Announces Executive Appointments	23-06-18	CI
Megaworld Earmarks PHP350 Billion for Capital Spending	23-06-15	MT
Megaworld Corporation to Spend PHP 350 Billion in the Next 5 Years to Accelerate Township Developments	23-06-15	CI
MREIT to Buy Seven Grade-A Office Assets from Megaworld	23-06-02	MT

Chart Megaworld Corporation

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Company Profile

Megaworld Corp is a Philippines-based company engaged in property-related activities, such as project design, construction, and property management. The Companyâs real estate portfolio includes residential condominium units, subdivision lots and townhouses, condominium-hotel projects as well as office projects and retail spaces. The Companyâs segments include Real Estate, Rental, Hotel Operations and Corporate and Others. The Real Estate segment pertains to the development and sale of residential and office developments. The Rental segment includes leasing of office and commercial spaces. The Hotel Operations segment relates to the management of hotel business operations. The Companyâs subsidiaries include Prestige Hotels and Resorts, Inc. (PHRI), Richmonde Hotel Group International Ltd. (RHGI), Eastwood Cyber One Corporation, Megaworld Cebu Properties, Inc., Megaworld Newport Property Holdings, Inc., Oceantown Properties, Inc. (OPI) and Luxury Global Hotels and Leisure, Inc. (LGHLI).

Sector

Real Estate Development & Operations

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Ratings for Megaworld Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.78 PHP

Average target price

2.81 PHP

Spread / Average Target

+57.87%

Consensus

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Quarterly earnings - Rate of surprise

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