Megaworld Corporation

Megaworld Corporation was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989 under the name of Megaworld Properties & Holdings, Inc. The Company was primarily organized to engage in real estate development, leasing and marketing. In 1994, it spun off Empire East Land Holdings, Inc. which focused on the middle income market. On August 19, 1999, the Company changed its name to Megaworld Corporation to coincide with its conversion from a purely real estate company into a holding company, although MEG continues to focus on its core competence in real estate development.

The Company is primarily engaged in the development in Metro Manila of large-scale mixed-use planned communities, or community townships, that integrate residential, commercial, educational, leisure and entertainment components. In addition, MEG engages in other property-related activities such as project design, construction oversight and property management. MEG's real estate portfolio includes residential condominium units, subdivision lots and townhouses, as well as office projects and retail space. The Company's property development projects include Eastwood City, Forbes Town Center, McKinley Hill, Newport City, Manhattan Garden City, and Cityplace.

MEG's subsidiaries include Megaworld Land, Inc., Richmonde Hotel Group International Limited, Prestige Hotels and Resorts, Inc., Eastwood Cyber One Corporation and Forbes Town Properties and Holdings, Inc., among others.

Source: SEC Form 17-A (2009)

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Congrats, mod O. Pwede po bang mag-post na kahit newbie lang hehe. I was aghast by the price action of MEG today. From a seemingly steady high of 2.01/2.02, biglang plummet to 1.93 in a split second. What happened po kaya dito? PD: meron ako
^^Oversold condition na si Meg based on daily RSI so since up ang market, it bounced today but maybe some people want to sell those who have shares above 2+/share because it is way below their cost (sell on rally/strength) that is why it plummet to as low as 1.93/share but during closing it recovered a bit.

Tama ba ako Commander Ollie sa tsamba analysis ko? I was thinking kasi that an oversold stock always recover first before going down again on a downtrend market or if that stock is on a downtrend because no stock can go down or up in a very straight line. Rolleyes
#4! nag post na! hehe...if you have noticed, MacQuarie has been steadily selling his shares without let up for the past few days na...when 2.0 was breached, nag start na lalo humina...kanina bumalik nga sa above 2.0 pero humina pa rin brought about by the general weakness ng market natin, chart wise, hindi ko pa siya nakikitaan...mag charting ka na rin aiz...nag 1.93 pala siya kanina, this is bad as the last low nya was 1.96 nung Feb 23, since breached nya yan, yare...pray that AGI rises up para mahatak si MEG...MEG chart not looking good at this point, downward na downward

Megaworld scheduled Annual Stockholders Meeting on June 17, 2011. Will they declare cash dividends on that day? Commander, baka kasi malapit na panahon ni ELI and SUN that is why Meggy is weakening.

I noticed something sa Meg last year 2010, when it is nearing June, it is on a downtrend.

Agenda of Megaworld on June 17, 2011:

1. Call to Order
2. Proof of Notice and Determination of Quorum
3. Approval of Minutes of the Previous Annual Meeting
4. Annual Report of Management
5. Appointment of External Auditors
6. Ratification of Acts and Resolutions of the Board of Directors, Board Committees and Management
7. Election of Directors
8. Other Matters
9. Adjournment
oo nga mod O. di pa kaya ng time mag-charting, long way to go hehe...anyways, bigla nga naman bumawi to 1.98 and held there. ano kayang meron dito bukas and next week? not sure kung single trade lang yung 1.93, mabilis lang kasi. bought MEG kasi nga oversold na RSI, sadsad. i guess, will have to wait until the ASM Smile
Megaworld launches P2.5-billion Greenbelt-area project

Megaworld Corporation, the country’s #1 residential condominium buildings developer, remains bullish in the real estate industry, as it launches today its sixth Greenbelt-area project worth P2.5 billion. The new project, Greenbelt Hamilton, will rise 31 stories over Legaspi St., Legaspi Village, Makati – just a few steps away from the upscale Greenbelt 5 mall.

The location also puts residents a short walk away from corporate offices along Ayala Ave. and Makati Medical Center. Greenbelt Hamilton is a modern architectural marvel in shades of blue and white, matching the sky. It will offer a total of 425 studio, executive studio and 2-bedroom suites. Most units feature balconies.

Philippines Q1 GDP up 4.9 pct yr/yr
Posted at 05/30/2011 10:47 AM | Updated as of 05/30/2011 10:50 AM

Galing ni MEGgy. Pataas ka na ha - 2.30! Big Grin
Nice comeback close. Good volume. Mukhang NFB na naman today. Sana mag-breakout soon. Any TP for this po?
(05-31-2011, 11:59 AM)aiz Wrote: Nice comeback close. Good volume. Mukhang NFB na naman today. Sana mag-breakout soon. Any TP for this po?


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