Megawide Construction Management

Management criteria checks 2/4

Megawide Construction's CEO is Edgar Saavedra, appointed in Jul 2004, has a tenure of 20.33 years. directly owns 30.68% of the company’s shares, worth ₱1.53B. The average tenure of the management team and the board of directors is 6.2 years and 7.2 years respectively.

Key information

Edgar Saavedra

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	20.3yrs
CEO ownership	30.7%
Management average tenure	6.2yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO

Edgar Saavedra (49 yo)

20.3yrs

Tenure

Engr. Edgar Bucoy Saavedra serves as Chairman of Citicore Energy REIT Corp. since May 25, 2021. He serves as Chairman of Citicore Renewable Energy Corporation. He has been the President at Megawide Constru...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edgar Saavedra	Chairman	20.3yrs	no data	30.68% ₱ 1.5b
Manuel Louie Ferrer	Vice-Chairman	7.2yrs	no data	0% ₱ 0
Jez Dela Cruz	Group Chief Financial Officer	less than a year	no data	no data
Reynaldo Rodrin	Assistant Vice President of Operations	no data	no data	no data
Oliver Tan	Chief Investment Officer & Director	14yrs	no data	0.93% ₱ 46.5m
Melissa Ester Chavez-Dee	Corporate Secretary	less than a year	no data	no data
Rolando Bondoy	Head of Investor Relations	less than a year	no data	no data
Raymund Jay Gomez	Chief Legal Officer	7.2yrs	no data	no data
Maria Belinda Morales	Chief Human Resources Officer	no data	no data	0.0017% ₱ 86.9k
Jaime Raphael Feliciano	Head of Business Development	7.8yrs	no data	no data
Markus Hennig	Executive Vice President of Business Units	no data	no data	no data
Zheena Ocampo	Acting Chief Audit Executive	3.6yrs	no data	0.00037% ₱ 18.5k

6.2yrs

Average Tenure

46yo

Average Age

Experienced Management: MWIDE's management team is seasoned and experienced (6.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edgar Saavedra	Chairman	20.3yrs	no data	30.68% ₱ 1.5b
Manuel Louie Ferrer	Vice-Chairman	7.2yrs	no data	0% ₱ 0
Oliver Tan	Chief Investment Officer & Director	8.2yrs	no data	0.93% ₱ 46.5m
Celso Vivas	Independent Director	6.3yrs	no data	0% ₱ 0
Hilario Davide	Independent Director	7.2yrs	no data	0% ₱ 0
Ramon Diaz	Executive Director	3yrs	no data	0.017% ₱ 867.8k

7.2yrs

Average Tenure

57yo

Average Age

Experienced Board: MWIDE's board of directors are considered experienced (7.2 years average tenure).

Megawide Construction Management

Management criteria checks 2/4

Key information

Recent management updates

Megawide Construction Corporation Announces Management Changes

Megawide Construction Corporation Announces Committee Changes

Megawide Construction Corporation, Annual General Meeting, Jul 03, 2024

Megawide Construction Corporation Appoints Mr. Rolando S. Bondoy as Head of Investor Relations and Re-Assigns Abigail Joan R. Cosico as Chief Investor Relations Officer for the Citicore Group, A Sister Company

Megawide Construction Corporation Announces Group Chief Financial Officer Changes

Megawide Construction Corporation, Annual General Meeting, Jul 12, 2023

Recent updates

Third quarter 2024 earnings released: EPS: ₱0.13 (vs ₱0.083 loss in 3Q 2023)

Megawide Construction Corporation Receives a Request for Arbitration Filed by HTLand, Inc. in Connection to the Construction of Mandani Bay Quay - Phase 2 Block 1

Second quarter 2024 earnings released: EPS: ₱0.12 (vs ₱0.16 in 2Q 2023)

Megawide Construction Corporation Announces Management Changes

New minor risk - Market cap size

Megawide Construction Corporation Announces Committee Changes

Now 21% undervalued after recent price drop

Megawide Construction Corporation, Annual General Meeting, Jul 03, 2024

Megawide Construction Corporation Appoints Mr. Rolando S. Bondoy as Head of Investor Relations and Re-Assigns Abigail Joan R. Cosico as Chief Investor Relations Officer for the Citicore Group, A Sister Company

New minor risk - Market cap size

Full year 2023 earnings released

Megawide Construction Corporation Announces Group Chief Financial Officer Changes

Third quarter 2023 earnings released: EPS: ₱0.02 (vs ₱0.056 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₱0.16 (vs ₱0.024 in 2Q 2022)

Megawide Construction Corporation (PSE:MWIDE) agreed to acquire PH1 World Developers Inc. from Citicore Holdings Investment, Inc. for PHP 5.2 billion.

Megawide Construction Corporation, Annual General Meeting, Jul 12, 2023

Megawide Construction Corporation Announces the Resignation of Atty. Lilia B. De Lima as Independent Director

Full year 2022 earnings: Revenues miss analyst expectations

Upcoming dividend of ₱0.50 per share

Megawide Construction Corporation Declares Cash Dividend for Common Shares, Payable on March 24, 2023

Megawide Construction Corporation Announces Executive Changes

Megawide Construction Corporation Announces Board Committee Changes

Third quarter 2022 earnings released: ₱0.056 loss per share (vs ₱0.067 profit in 3Q 2021)

Less than half of directors are independent

Price target decreased to ₱5.95

Second quarter 2022 earnings released: ₱0.20 loss per share (vs ₱0.06 loss in 2Q 2021)

Price target increased to ₱8.25

Full year 2021 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Megawide Construction Corporation Announces Executive Changes

Megawide Construction Corporation, Annual General Meeting, Jun 30, 2022

Third quarter 2021 earnings released: ₱0.11 loss per share (vs ₱0.19 loss in 3Q 2020)

Insufficient new directors

Second quarter 2021 earnings released: ₱0.11 loss per share (vs ₱0.27 loss in 2Q 2020)

First quarter 2021 earnings released: ₱0.061 loss per share (vs ₱0.063 profit in 1Q 2020)

Full year 2020 earnings released: ₱0.33 loss per share (vs ₱0.28 profit in FY 2019)

Price target decreased to ₱7.18

Full year 2020 earnings released: ₱0.33 loss per share (vs ₱0.28 profit in FY 2019)

New 90-day low: ₱6.75

Chief Financial Officer recently bought ₱1.1m worth of stock

Megawide Construction Corp. Announces it Has Been Awarded Multiple Contracts by Suntrust Home Developers, Inc for its Westside City Resorts World Project

New 90-day low: ₱7.12

Megawide Construction Corporation and City of Cebu Announce Joint Venture Agreement

Chief Human Resources Officer recently bought ₱296k worth of stock

Manila International Airport Authority Announces Revocation of the Partnership of Megawide and GMR Infrastructure

Chief Financial Officer recently bought ₱1.9m worth of stock

Third quarter 2020 earnings released: ₱0.19 loss per share

Suntrust Home Developers, Inc. Issues Two Letters of Award to Megawide Construction Corporation

Analysts update estimates

New 90-day high: ₱8.00

Megawide Construction Corporation Appoints Manuel Louie B. Ferrer as the Executive Director, Infrastructure Development

New 90-day high: ₱7.84

Price target lowered to ₱6.96

Analysts lower EPS estimates to -₱0.39

the Department of Transportation Issues A Notification of Award to the Joint Venture of Megawide Construction Corporation, Hyundai Engineering & Construction Co., Ltd., and Dong-Ah Geological Engineering Company Ltd. for Malolos-Clark Railway Project

Price target lowered to ₱8.98

First half earnings released

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age