Megawide

1 day ago

Megawide pulls off rare back-to-back capital raise with P3-B listing

Tycoon Edgar Saavera’s Megawide Construction Corp. raised P3 billion from its latest preferred share follow-on sale, strengthening its balance sheet and giving it more room to expand projects across construction, real estate, and infrastructure.

6 days ago

Megawide on track to beat full-year 2024 profit; P3.5-B debt trim boosts balance sheet

Megawide is closing in on its full-year profitability goal as nine-month net income reached P501 million which is already nearly the company’s profit for the entire year 2024.

22 Oct 2025

10:07AM

Saavedra-backed PH1 World Developers defies property glut with record P3.4-B sales

PH1 World Developers, the property arm of tycoon Edgar Saavedra’s Megawide Construction, continued its strong run, posting P3.38 billion in sales in the first nine months of 2025.

20 Oct 2025

12:15PM

Saavedra-backed Megawide wins P1.2-B Baguio terminal, expands landport empire

Megawide Construction Corp. has clinched the Notice of Award from the City Government of Baguio for the P1.2-billion Baguio City Integrated Terminal (BCIT), a 40-year PPP project.

15 Oct 2025

9:08AM

Tycoon Saavedra’s Megawide wins fresh Megaworld projects, boosts P50-B order book target

Megawide Construction Corp., led by tycoon Edgar Saavedra, has bagged two new multi-billion-peso contracts from Megaworld Corp. to build residential towers in its major township developments.

13 Oct 2025

9:40AM

Megawide expansion gets boost as it nears launch of P3-B share sale

The Securities and Exchange Commission has approved tycoon Edgar Saavedra’s Megawide Construction Corp.’s follow-on offering, setting the stage for a fundraise of up to P3 billion.

22 Sep 2025

11:28AM

Saavedra's Megawide raises cash dividend ceiling amid aggressive infra, housing push

Megawide Construction Corp. is clearing the way for higher investor payouts as its board approved the cash dividend payout ceiling by nearly 70 percent.

17 Sep 2025

8:58AM

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.

11 Sep 2025

2:36PM

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.