Megaworld, the country’s leading real estate developer and BPO landlord, has received an upgraded stock price target of P9.01 per share and a buy rating by the prestigious online brokerage firm COL Financial Private Clients Group in a recently released report.
Megaworld’s target price represents a 20 percent discount to the COL Financial’s Net Asset Value estimate of P11.26 per share.
COL is estimating that Megaworld will enjoy a net income growth of P7.9 billion in 2013, up from the P7.4 billion earnings in 2012. This gives the real estate giant a price to earnings ratio of about 14.4 this year or way below other real estate properties having a price to earnings ratio of 20x or more. Read More @?https://www.megaworldcorp.com/megaworld-stock-price-to-hit-p9-per-share/
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