Megaworld Corporation (MEG) was initially incorporated in 1989 to engage in the development of large-scale communities that integrate residential, commercial, leisure, and entertainment components.
The company has three primary business, namely: real estate sales of residential developments, leasing of office space, and management of hotel operations.
Market Cap.: PHP 142.17 Billion
Subsidiaries:
• Empire East Land Holdings, Inc.
• Global-Estate Resorts, Inc.
• Suntrust Properties, Inc.
• Richmonde Hotel Group International Limited
• Bonifacio West Development Corporation
• Suntrust Home Developers, Inc.;
• Maple Grove Land, Inc.;
• San Vivente Coast, Inc.
• Palm Tree Holdings & Development Corporation.
Sector: Property
Subsector: Property
Earnings Highlights:
• Revenues grew by 7.86 percent in the year 2017 versus 2016
• Net Income attributable to parent for the year ended December 2017 stood at PHP 12.77 Billion
For the first quarter of the year, consolidated revenues reached PHP 12.57 billion. Majority of the revenues came from the sales of condominium units and residential lots accounting for 55.03 percent of total revenues.
Furthermore, real estate sales grew by 4.97 percent to PHP 7.20 billion from PHP 6.86 billion a year ago.
Rental income grew by 16.53 percent at PHP 3.37 billion from PHP 2.89 billion last year. Revenue from hotel operations increased by 9.93 percent at PHP 368 million from 334.77 million in 2017.
Net Income for the quarter reached PHP 3.29 billion, a 12.51 percent increase. Notwithstanding, it was at PHP 2.93 billion in the same period last year.
Today, July 10, 2018, MEG announced that its wholly-owned subsidiary, Suntrust acquired Stateland Inc.
Stateland Inc. is a 42-year-old real estate company that builds affordable quality homes and communities in South Luzon and some parts of Metro Manila. This adds another 150 hectares to Megaworld’s existing raw land portfolio.
Stateland has also been building residential and office condominiums in Makati City, Quezon City, San Juan, Mandaluyong, and Binondo.
MEG is still trading inside an extensive range. The price is below most moving averages with the 15 EMA, 20 SMA, and 50 SMA as immediate resistance.
Volume still seems to side with the bears. MACD is poised for a bullish crossover. RSI is moving sideways and is at neutral levels.
Support is estimated at 4.25 while resistance is expected at 4.90. The stock is trading near its 61.8 Fibonacci retracement level.
Volume
As of July 10, 2018, at 03:30 PM, the volume of MEG is 68.45% of the previous trading day.
Remember the correlation between price and volume.
- bullish price + high volume = high sustainability (price)
- bullish price + low volume = low sustainability (price)
- bearish price + high volume = high sustainability (price)
- bearish price + low volume = low sustainability (price)
Risk Level
MEG has a LOW-RISK level due to its risk percentage of 32.40%.
Foreign Fund Flow
MEG registered a Net Foreign Buying worth P12,591,190.00 as of July 10, 2018.
On a 30-day trading period, MEG is on a Net Foreign Selling worth PHP342,468,810.00.
Top 10 Players’ Sentiment
Trading participants of MEG with a 100% Buying and Selling Activity as of Jul-10-2018 at 03:30PM:
3 out of 18 participants or 16.67% of all participants registered a 100% BUYING activity
2 out of 18 participants or 11.11% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 4.4032
Top 10 Players’ Selling Average: 4.4046
The psychological average price of the top 10 players as of Jul-10-2018 is from 4.4032 to 4.4046.
What Is the Importance of Knowing the Top 10 Players’ Sentiment?
You need to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If you know the psychological average price of the top 10 brokers who have traded a stock, you can calculate in your mind how much more can they probably afford to hold, relative to their collective risk tolerance, should the stock’s price go south.
This is how we mentor our clients who subscribe to our Top Stock Picks.
Not only do we tell them which stocks to buy and when to sell, but we also update them every day about what happened to each stock that we recommend.
We save our customers a lot of time and heartache.
We show them our data-driven basis so they know what we know.
Our customers are not blind-followers but well-informed investors.
Our customers are better investors than most.
When you ask our customers why they buy the stocks that we recommend, you better get your pen and paper handy.
They will not answer, “Because I was told to buy it.”
They will narrate our data-driven basis like how we narrated the summary of our analysis in this article.
At Equilyst Analytics, our customers learn and earn.
Read this article if you want to become a better investor, too.
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