Bought Meg 7000 Shares @ 1.56 = Php10,920.00
Cutloss: 1.52
Target Price 2.10
Fundamental analysis: SEC Form 17-A and current position on fort bonifacio.
Fluctuation: Value turn over php237Mil @ 1.68 up by 0.16 - very strong and high volume to sustained uptrend and target price of 2.10 then a gain of 3,780.00 or 34%. but if fails to trendup my stoploss is 1.52 a loss of 280.00 in this transaction.
MANILA, Philippines—The Tan family’s Megaworld Corp. is set to be challenged by three of the country’s real estate titans—Ayala Land Inc., the Gotianuns’ Filinvest Land Inc. and the Gokongweis’ Robinsons Land Corp.—for its bid to develop the Bonifacio Global City’s North Bonifacio lots.
For the 8.38-hectare development, the Andrew Tan-led company posted an unsolicited offer of P33,283.88 per square meter, or nearly P2.9 billion, earlier this month.
The Bases Conversion and Development Authority, which has jurisdiction over the Global City property, on June 11 declared the three real estate firms eligible to challenge Megaworld’s bid.
Megaworld’s offer effectively becomes the floor price for the North Bonifacio lots development. Each of the three firms has to commit a minimum investment of P15.6 billion to get a chance to develop the lots.
In a statement, BCDA vice president for business development Aileen Zosa said the issuance of tender documents for the development started on June 11 and would end on June 26.
The preselection process will follow on June 29.
Deadline for the submission of technical documents, which include the technical and financial proposals, has been scheduled for Aug. 14.
“The competitive challenge procedure will be conducted according to the (National Economic and Development Authority) Joint Venture Guidelines. The selection of BCDA’s joint venture partner shall be based solely on the price proposed for the property, which is the present value of all cash inflows to BCDA,” the BCDA statement read.
The North Bonifacio lots are mostly located between Eight and Ninth Avenues within the posh Taguig development. Eight firms had originally expressed interest to develop the lots.
For the 8.38-hectare development, the Andrew Tan-led company posted an unsolicited offer of P33,283.88 per square meter, or nearly P2.9 billion, earlier this month.
The Bases Conversion and Development Authority, which has jurisdiction over the Global City property, on June 11 declared the three real estate firms eligible to challenge Megaworld’s bid.
Megaworld’s offer effectively becomes the floor price for the North Bonifacio lots development. Each of the three firms has to commit a minimum investment of P15.6 billion to get a chance to develop the lots.
In a statement, BCDA vice president for business development Aileen Zosa said the issuance of tender documents for the development started on June 11 and would end on June 26.
The preselection process will follow on June 29.
Deadline for the submission of technical documents, which include the technical and financial proposals, has been scheduled for Aug. 14.
“The competitive challenge procedure will be conducted according to the (National Economic and Development Authority) Joint Venture Guidelines. The selection of BCDA’s joint venture partner shall be based solely on the price proposed for the property, which is the present value of all cash inflows to BCDA,” the BCDA statement read.
The North Bonifacio lots are mostly located between Eight and Ninth Avenues within the posh Taguig development. Eight firms had originally expressed interest to develop the lots.
No comments:
Post a Comment