Sunday, April 27, 2014

Stock Favorite: Megaworld Corporation (MEG) in Philippine Stock Market

As one loyal follower of the Truly Rich Club (TRC), I have been taking advice from the Truly Rich Club Stock Updates on what to buy, when to buy and when to sell.

I have been pretty much “brainwashed” by Bro Bo Sanchez in most of his teachings – in spiritual and financial aspects. So in choosing what to buy, I always consult the SAM table. (“What’s SAM?” you may ask. It’s a TRC jargon meaning Strategic Averaging Method.)


Now, I am adding one more stock to our Stock Favorites. Let us welcome - MEGAWORLD Corporation!


Megaworld Corporation

Megaworld Corporation was founded by Andrew Tan and incorporated 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 August19, 1999, the Company changed its name to Megaworld Corporation to coincide with itsconversion 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-scalemixed-use planned communities or townships that integrate residential, commercial,educational, leisure and entertainment components. In addition, MEG engages in other property-related activities such as project design, construction and property management. MEG's real estate portfolio includes residential condominium units, subdivision lots andtownhouses, as well as office projects and retail space. The Company's property development projects include Eastwood Parkview, Corinthian Hills, The Salcedo Park, Greenbelt Madisons, and The Bellagio. (Source: COL Financial) 

Subsidiaries and Affiliates

MEG's subsidiaries include Megaworld Land, Inc.; Prestige Hotels & Resorts, Inc.; Mactan Oceanview Properties and Holdings, Inc.; Richmonde Hotel Group International Limited;among others. The Company has numerous associates namely the Suntrust HomeDevelopers, Inc.; Palm Tree Holdings and Development Corporation; Megaworld-GlobalEstate, Inc.; Alliance Global Properties Limited; and Travellers International Hotel Group,Inc. (Source: COL Financial) 


Stock Market Details




1. Stock Code: MEG

    To buy shares of Megaworld, just look for the stock code MEG.

2. Main Board Lot: 1000 shares

    Board Lot identifies the minimum number of shares that can be bought. It also indicates the increment of share amount that is allowed. This means that an investor is only allowed to post a buy order for a minimum of 1000 shares. If the investor has more funds, he or she can buy more than 1000 shares with an increment of 1000 shares as well. So this will be 2000, 3000, 4000, and so on. The system will not allow the investor to put in 1100 shares or 2200 shares in the buy or sell order in the main board lot.

3. Fluctuation: 0.0100 Php

    Fluctuation indicates the buying or selling price to be in multiples of 0.01 pesos. The investor can post 3.0100, 5.5600 but not 4.5110.

4. Floor Price: 2.29 Php

    The floor price dictates the minimum amount that the buyer can put as a buying price or the seller in the selling price. The system does not allow the user to put amount lower than 2.29 Php.

5. Ceiling Price: 6.85 Php

  The ceiling price dictates the maximum amount that the buyer can put as a buying price or the seller in the selling price. The system does not allow the user to put amount higher than 6.85 Php.


6. Open to Foreigners: YES

  Foreign investors are allowed to purchase shares of MBT.

7. Action: BUY


  With the current price of MBT, it is still cheaper than the fair value. As a long term investor, this stock is still flagged to have a BUY rating as per COL Financial and Truly Rich Club.




Flashback

Market Price History:





Dividends:





From the Market Price History table taken from COL Financial's site, MEG's value in 2008, 2009, 2010, 2011, and 2012 were 0.72, 1.48, 2.48, 1.70 and 2.77, respectively. The current market price is 4.49 as of April 25, 2014. That's a big leap. I was able to buy shares of this stock when it was still around 3.00 pesos so right now, I have the biggest gain from this company as compared to other stocks in my portfolio. Currently I have 30% profit already if I decide to sell now but I am keeping it because there's still much potential for this company. So we're putting it in a BUY rating.


So let's welcome our new addition to our Stock Favorite - MEG! Visit our updated table in the side bar for future updates.




For more guidance on what stocks to buy and when to buy or sell them, you can seek for assistance through Truly Rich Club. Know more about Truly Rich Club here >>> TRULY RICH CLUB.


May Success be to you,

Pocketwise Pinoy Author


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