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Megaworld Corporation
#21
Consolidation of ELI as subsidiary beginning second quarter of 2011

Empire East Land Holdings, Inc. (“Empire East”), the middle-income real estate arm of Megaworld Corporation, will be consolidated as its subsidiary beginning the second quarter of this year. Pursuant to existing securities regulation, Megaworld which owns 50.0238% of Empire East, is required to consolidate Empire East as a subsidiary in its consolidated financial statements.

Source: http://www.pse.com.ph/html/disclosure/pd...79_MEG.pdf
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#22
...today MEG holds its annual stockholder's meeting, and all I see in the ticker is clsa's selling or harang...MEG is up na at this time by 1 fluc, last two bids with 11M supports...banatan mo na pataas!!! hahaha
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#23
(06-17-2011, 10:23 AM)Ollie Wrote: ...today MEG holds its annual stockholder's meeting, and all I see in the ticker is clsa's selling or harang...MEG is up na at this time by 1 fluc, last two bids with 11M supports...banatan mo na pataas!!! hahaha
Hindi pa nga ,nag aabang isang tao dyan sa baba Big GrinBig GrinBig GrinBig Grin

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#24
There is a disclosure regarding the results of the ASM but it only states election of BOD + appointment of auditors.

Let us see sa newspaper account if ever there are news regarding Megaworld if some reporters will interview one of the officers/directors of the company.

http://www.pse.com.ph/html/disclosure/pd...90_MEG.pdf
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#25
...seems foreigns are eager to get out on this one...out of MEG and in to DMC, pansin ko lang
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#26
Megaworld eyes profits to hit P6B this year

LISTED Megaworld Corp. expects profits to breach the P6 billion mark this year amid an expected uptick in reservation sales, an executive said on Friday.

"We are looking at around close to P6 billion in profits this year," Kingson U. Sian, senior vice-president and executive director of Megaworld, said in a note to stockholders.

The projection shows an 18% growth in net income compared with last year.

Strong residential and rental revenues pushed profits of Andrew L. Tan-led Megaworld higher by a quarter to a record P5.085 billion last year.

Furthermore, reservation sales are also seen to hit a new record high this year.

"Reservation sales hit P39 billion last year," Mr. Sian said told reporters after the company's stockholders meeting in Quezon City.

"This year, we are looking to hit around P44 billion. That is another record number and to hit P44 B, we should hit P3 billion [in reservation sales] monthly," Mr. Sian added.

Megaworld, one of the top higher-end condominium developers, claims to have pioneered the “live-work-play-learn” concept.

The company has seven ongoing projects within Metro Manila and several residential developments within the Makati Central Business District and San Juan.

Shares in Megaworld, whose profits jumped by 12% to P1.23 billion for the first quarter over yearago levels due to better performance of its real estate and office rental businesses, closed 0.52% or one centavo lower at P1.90 apiece on Friday. -- Neil Jerome C. Morales

http://www.bworld.com.ph/content.php?sec...-&id=33308
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#27
Megaworld goes heavy on Bonifacio development

Megaworld Corp. has lined up projects using its portfolio of properties in the privatized portion of Fort Bonifacio as it expects development of all its landbank to run for the next two decades.

Andrew L. Tan, Megaworld chairman and president, said with its 230 hectares of prime land in "growth areas," Megaworld has a developable area of 2.29 million square meters, one million sq.m. of which will be developed into residential areas and around 886,000 sq.m. for office space. The rest will be for retail space, Tan said.

Among the prime areas are the 55-hectare former airport in Iloilo City; a 25-hectare property in Mactan, Cebu; a 7.1-hectare land in the former Napolcom property in Fort Bonifacio; and an 8.6-hectare land in Bonifacio North central business district.

Kingson Sian, Megaworld senior vice president, said the company will spend P25 billion as capital expenditure for the year, higher than last year’s P17 billion.

Sian said Megaworld expects this year’s income to hit P6 billion, a record high, against the P5 billion recorded last year.

In its residential business, Megaworld expects to generate reservation sales of P44 billion, 10 percent higher than last year’s P40 billion.

Sian said this is a significant growth from reservation sales of P5.5 billion in 2003.

Sian said the group’s combined retail and office space is expected to hit 638,502 sq.m. from 452,762 sq.m. as the company builds up more space.

For the first five months, Megaworld, including units Empire East Land Holdings and Suntrust Home Developers, sold real estate projects worth P17 billion.

Megaworld launched in the first quarter the first phase of its Iloilo Business Park in Iloilo City. The project features 300,000 sq.m. of office space and 200,000 sq.m. of hotel and retail space. Anchoring the project is the P2.5 billion Richmonde Hotel Iloilo and Tower, set for completion by first quarter of 2013.

Richmonde Hotel Iloilo and Tower will have 90 rooms and 24,000 sq.m. business process outsourcing (BPO) office space.

By end-2010, Megaworld will develop the nearby 14,000 sq.m. Festive Walk retail center and several BPO campus buildings with about 20,000 sq.m. of office space.

Megaworld, at the same time, is set to unveil Bonifacio Uptown in Bonifacio Global City by the second half of the year. The mixed-use, high-density, 16-hectare project in the North Bonifacio central business district extends all the way to Kalayaan Avenue and is near the British, Japanese and American international schools.

Megaworld intends to invest at least P25 billion to build Bonifacio Uptown over the next 12 years. The project offers close to 500,000 sq.m. of residential space, nearly 400,000 sq.m. of office space, and about 90,000 sq.m. of retail space.

Megaworld will start construction in the area through One Uptown Residence, with a potential revenue of P7.5 billion.

By 2013, Megaworld will start developing in phases the P12 billion Uptown Place, which will have four office towers atop a retail mall.

http://www.malaya.com.ph/june20/busi6.html
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#28
...up for this one...here we go Big Grin hehehe

...just do it slow, two will be in tow

...just be nice and slow Smile no need to hurry
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#29
(06-21-2011, 11:26 AM)Ollie Wrote: ...up for this one...here we go Big Grin hehehe

...just do it slow, two will be in tow

...just be nice and slow Smile no need to hurry

Commander, mukhang mahilig ka sa Tan stocks. Big Grin (loves ko din yung family na ito this year 2011.) Tongue Shhh.....
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#30
MEGAWORLD ALLOTS P 25 BILLION FOR 2011 CAPEX

Megaworld, the country’s largest residential condominium developer and BPO office developer and landlord, has allotted P 25 billion for its capital and development expenditures in 2011.

In the first five months of the year, the Megaworld group of companies, through the Megaworld, Empire East and Suntrust brands, sold real estate projects worth a total of P17 billion.

Megaworld is the pioneer of integrated township projects that offer a live-work-play-learn lifestyle. It has six townships in strategic locations in Metro Manila that are in various stages of development. It also has a series of luxury residential condominium projects at the heart of the Makati central business district.

Megaworld launched in the first quarter of 2011 the Iloilo Business Park, its first project outside Metro Manila. The 55-hectare business park is located at the site of the old Iloilo airport, which the company acquired in 2007. The project features 300,000 square meters of office space and 200,000 square meters of hotel and retail space, designed to support business operations.

Anchoring the Iloilo Business Park is the P2.5-billion Richmonde Hotel Iloilo and Tower, slated for completion by the first quarter of 2013. The Richmonde project hosts 90 hotel rooms and BPO offices with a total gross floor area of about 24,000 square meters. By the end of 2012, Megaworld will develop the nearby 14,000-square-meter Festive Walk retail center and several BPO campus buildings, offering about 20,000 square meters of office space.

Megaworld is set to unveil Bonifacio Uptown in Bonifacio Global City in the second half of 2011. The mixed-use, high-density, 16-hectare project in the North Bonifacio central business district extends all the way to Kalayaan Avenue, and is located near the British, Japanese and American international schools.

Megaworld will invest at least P25 billion to build Bonifacio Uptown over the next 12 years. The project offers close to 500,000 square meters of residential space, nearly 400,000 square meters of office space, and about 90,000 square meters of retail space.

Megaworld is looking to launch soon One Uptown Residence at Bonifacio Uptown, with total potential revenues of P7.5 billion. Starting 2013, the company will begin developing in phases the P12-billion Uptown Place, which will feature four office towers on top of a retail mall.

Megaworld is furthering its commitment to nation building by ramping up its office development efforts. Its next-generation BPO offices and campus buildings are expected to help generate at least 120,000 new jobs.

The company’s pioneering BPO and IT park in Eastwood City, Quezon City, home to a 40,000-strong workforce, is a 24x7 hub for BPO players servicing a global market.

The successful Eastwood City CyberPark served as an inspiration for Megaworld’s second cyber park in McKinley Hill, Taguig City, which now hosts the biggest names in the BPO industry. In a span of just three years, McKinley Hill has provided employment for more than 15,000 workers.

For its part, Megaworld’s PEZA-accredited Newport City Cybertourism Zone has helped expand the country's active labor force by generating some 15,000 new jobs from the opening of Marriott Hotel and the Resorts World tourism complex in 2009.

Megaworld currently has an inventory of 384,000 square meters of BPO office space, with 78,000 square meters more space to be completed by yearend.

http://www.pse.com.ph/html/disclosure/pd...23_MEG.pdf


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