Megawide

1 day ago

FirstMetroSec resumes Megawide coverage with bullish “Buy” rating

First Metro Securities has reinstated coverage on Megawide Construction Corp. with a “Buy” rating, saying the builder’s earnings are on track to triple in the next few years.

7 days ago

Saavedra hails ‘pivotal shift’ as Megawide moves to cut debt, takes 13% stake in CREC

Tycoon Edgar Saavedra’s Megawide Construction Corp. will receive P9.4 billion from parent Citicore Holdings Investment Inc. and sister firm Citicore Power Inc. to settle long-overdue obligations.

26 Aug 2025

3:33PM

PhilRatings reaffirms Megawide’s P9-B bonds, citing strong earnings and massive project pipeline

Philippine Rating Services Corp. (PhilRatings) has reaffirmed its PRS Aa rating with a Stable Outlook on Megawide Construction Corp.’s P9 billion bonds, pointing to solid earnings momentum and a growing infrastructure portfolio.

20 Aug 2025

5:49PM

Saavedra-backed Megawide’s profit nears full-year 2024 level on strong 1st half 2025 results

Tycoon Edgar Saavedra’s Megawide Construction Corp. is racing ahead of last year’s earnings pace, with first-half profit already hitting 81 percent of its 2024 total.

19 Aug 2025

3:02PM

Saavedera’s PH1WD opens model homes in Cavite’s 1st energy-efficient village

Tycoon Edgar Saavedra’s PH1 World Developers has officially opened the model unit block of Southscapes Trece Martires, giving the public a first look at Cavite’s first energy-efficient residential community.

18 May 2025

6:53PM

New chapter for Edgar Saavedra's Megawide as real estate turns profitable in Q1 2025

Tycoon Edgar Saavedra’s Megawide Construction Corp. posted its first-ever net income from real estate subsidiary PH1 World Developers in the first quarter of 2025, signaling a new earnings driver for the traditionally construction-led firm.

2 May 2025

5:33PM

Saavedra's Megawide hits P538M profit in 2024, doubling the past year’s performance

Tycoon Edgar Saavedra’s Megawide Construction Corp. delivered a breakthrough year in 2024, doubling its net income to P538 million on the back of strong momentum in construction, real estate, and transport.

3 Apr 2025

9:33AM

Megawide’s P1.1-B Carbon Market expansion brings New York’s Chelsea, BGC feel to Cebu

Megawide Construction Corp. is kicking off the next phase of Cebu’s Carbon Market redevelopment with a bold P1.1-billion expansion, aiming to transform the historic site into a world-class destination that blends local heritage with global energy.

26 Mar 2025

10:39PM

Saavedra's Megawide opens P6B preferred offering, buoyed by early investor interest

Tycoon Edgar Saavedra’s Megawide Construction Corp., launched its P6 billion preferred shares offering amid solid investor demand.