Megaworld net profit seen growing by 10%

MAYBANK Investment Banking Group said it has reinitiated its coverage of Andrew Tan-led Megaworld Corp. with a “buy” call at a target price of P3.20 per share, based on a sum-of-the-parts valuation approach.

In a report, Maybank said Megaworld’s net income could increase by 10 percent per year over the next two fiscal years — 2025 and 2026 — “driven by residential sales and mall rentals.”