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SM Investments Corp (SM.PS)

SM.PS on Philippine Stock Exchange

21 Jul 2017
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Php9.00 (+1.14%)
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Latest Key Developments (Source: Significant Developments)

SM Investments says Q1 net income 7.7 bln pesos, up 8 pct
Wednesday, 10 May 2017 12:06am EDT 

May 10 (Reuters) - Sm Investments Corp ::Q1 net income 7.7 billion pesos, up 8 percent.Q1 consolidated revenues 84.5 billion pesos, up 8 percent.  Full Article

Sm Investments acquires 888.5 million shares Negros Navigation
Monday, 3 Apr 2017 08:34pm EDT 

Sm Investments Corp : Co acquired 888.5 million shares for $124.5 million in Negros Navigation Co., Inc .Acquisition will not affect the business, financial condition and operations of smic.  Full Article

SM Investments acquires minority stake in 2GO Group
Friday, 31 Mar 2017 02:43am EDT 

Sm Investments Corp :SM acquires minority stake in 2GO Group.  Full Article

Ayala Corp says unit and SM Investments submitted proposal for elevated toll road project
Thursday, 30 Mar 2017 11:45pm EDT 

Ayala Corporation : AC Infrastructure Holdings, unit of co, and SM Investments submitted unsolicited proposal to the Department of Public Works and Highways . Estimated project cost is 25 billion pesos .Proposal to design, finance, construct, operate and maintain an elevated toll road for period of 35 years.  Full Article

Sm investments confirm news article in business world online
Sunday, 19 Mar 2017 11:16pm EDT 

Sm Investments Corp :Confirm the news article entitled “SM acquisition of Dorm Developer gets approval” posted in Business World Online.  Full Article

Sm Investments Corp says net income grew to 31.2 billion pesos in 2016
Wednesday, 1 Mar 2017 12:30am EST 

Sm Investments Corp : FY consolidated revenues grew 9% to PHP362.8 billion for the period, up from PHP332.8 billion in 2015 .8% growth in net income to 31.2 billion pesos in 2016.  Full Article

SM Investments Corp clarifies news articles
Friday, 5 Aug 2016 12:14am EDT 

SM Investments Corp : Refers to clarification on news article "SM plans to list retail business" posted in the philippine star on August 5, 2016 . Says smic is targeting 'double-digit' growth in earnings toward year end . Says "no plans to conduct initial public offering of SM retail, inc listing of smri is merely option open to smic" . Clarifes smph may issue around p10-p15 billion only of its bonds in Q1 2017,not entire unissued balance of p60 billion approved by SEC .  Full Article

SM Investments HY consolidated net income 15 bln pesos
Wednesday, 3 Aug 2016 08:50pm EDT 

SM Investments Corp : Consolidated net income of 15.0 billion pesos for the January to June period, a growth of 11% . Consolidated revenues rose 8.5% to 151.1 billion pesos in the first half .  Full Article

SM Investments obtains SEC approval for retail merger
Monday, 11 Jul 2016 08:17pm EDT 

SM Investments Corp : Obtained the approval of Securities and Exchange Commission for merger of Sy family-owned specialty stores into SM retail inc. . Under deal, over 1,300 retail outlets will be folded into SM retail in exchange for shares of stock in SM retail's expanded net assets . Merger is seen to be both value and earnings accretive given the stores' competitive position" .  Full Article

SE Asia Stocks-Rise ahead of corporate results; Philippines hits 1-mth high

By Ambar Warrick July 19 Most Southeast Asian stock markets rose on Wednesday, in line with Asia, as investors shrugged off concerns about an immediate interest rate hike by the U.S. Federal Reserve and turmoils at the White House to focus on upcoming corporate results. Asian shares rose as optimism on China's economy underpinned stocks and commodities, and as investors bet any further tightening in the United States would be slow at best. U.S. President Donald Trump'