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SM Prime malls, residences drive 18% profit rise

EARNINGS of SM Prime Holdings, Inc. in 2019 rose 18% to P38.1 billion, driven by the sustained growth of its mall and residential network across the country.

SM Prime’s P100-B securities cleared

SM PRIME Holdings, Inc. has received clearance from the Securities and Exchange Commission (SEC) for its proposed shelf registration of P100-billion debt securities.

Jose Mari Banzon appointed president of SMDC

SM Prime Holdings, Inc. has appointed Jose Mari H. Banzon as the new president of its residential property business SM Development Corp. (SMDC).

SM Prime seeks to raise P100 billion from fixed rate bond...

SM Prime Holdings, Inc. has applied for the shelf registration of P100-billion debt securities with the Securities and Exchange Commission (SEC).

Pasay-SM Prime Manila Bay reclamation project set to proceed

SM Prime Holdings, Inc. has received the official notice from the Pasay City government to proceed with its 360-hectare reclamation project within the city’s municipal waters, the Sy-led listed company said in a disclosure on Friday.

SM Prime to issue up to P20-B bonds

SM PRIME Holdings, Inc. (SMPH) is set to issue up to P20-billion worth of bonds, which were given the highest credit rating by the Philippine Rating Services Corp. (PhilRatings).

SM Prime books higher income as residential business expands

SM PRIME Holdings, Inc. posted a double-digit growth in its net income during the third quarter driven by the expansion of its residential business across the country.

OUTLIER: Investors unload SMPH shares on market jitters

SM PRIME Holdings, Inc. (SMPH) was among the most traded stocks last week due to a slew of factors that may adversely affect the company’s bottom line in the short term such as the lower-than-expected second-quarter economic growth, the renewed escalation of US-China trade tensions, and statements of the Chinese Embassy signaling a crackdown of its citizens’ offshore gambling activities in the country.

SM Prime profit jumps 16% in Q2

SM PRIME Holdings, Inc. reported a 16.4% increase in net income during the second quarter to P10.50 billion from P9.02 billion a year ago as it cited the “stable economy” as helping the Sy-led firm sustain its profit growth so far this year.

SM opens office building in Iloilo

SM Prime Holdings, Inc. has opened a new office tower in Iloilo City targeted toward business process outsourcing (BPO) firms, as its seeks to boost the presence of outsourcing companies in the area.

SM Prime Q1 profit grows 16%

SM PRIME Holdings, Inc. delivered a 16% profit increase in the January to March period, as its shopping mall, residential development, and commercial properties continued to see strong growth.

SM Prime readies P10-billion bond issuance

SM PRIME Holdings, Inc. plans to issue P10 billion worth of bonds this year, which were given the highest rating by a local debt watcher.

SM Prime profit jumps 17% in 2018

SM Prime Holdings, Inc. increased its net income by 17% in 2018, driven by the growth of its shopping mall and residential property units.

SM to open 4 new malls

SM Prime Holdings, Inc. plans to open four malls in the provinces this year, while ramping up its land banking efforts for the development of more lifestyle cities in the future.

SM Prime upbeat on mall business

SM Prime Holdings, Inc. remains upbeat on its shopping mall business, noting that the country is not facing an oversupply of malls yet.

SM unveils business continuity program facility for partners

SM PRIME Holdings, Inc. unveiled on Thursday a business continuity program (BCP) facility for its partners to enhance their protection and preparedness against natural disasters.

SM opens 1st mall in eastern Visayas

SM PRIME Holdings, Inc. is expanding in Eastern Visayas region with the opening of a new mall in Ormoc, Leyte.

SM Prime net earnings jump 20% in 3rd quarter

SM PRIME Holdings, Inc. expanded its earnings by a fifth during the third quarter of 2018, driven by the double-digit growth across its shopping mall and residential businesses.

SM Prime leases out 97% of yet-to-open office building

SM PRIME Holdings, Inc. will be unveiling its newest office building in the Mall of Asia complex in Pasay City this Friday, alongside the topping off of its other office project in the area.

SM Prime opens shopping mall in Legazpi City

IN A statement issued Tuesday, the Sy-led mall operator and property developer said SM City Legazpi will open its doors on Sept. 14. Located along Imeda Roces Avenue in Albay, the mall will have a total gross floor area of almost 88,000 square meters (sq.m.) and will be the company’s second mall in Bicol following SM City Naga in Camarines Sur.

OUTLIER: SM Prime Holdings, Inc.

SM Prime Holdings, Inc. (SMPH) was the most actively traded stock in the local bourse last week with analysts pointing to the rebalancing of a global equity index that reduced the stock’s weight and the spillover effects among emerging markets brought by the Turkish lira crisis.

Sy-led SM Prime grows profit by 16% in 1st half

THE property firm of country’s richest man Henry Sy reported a 16% profit growth for the first six months of 2018, driven by the provincial expansion of its malls alongside higher demand for residential properties.

SM Prime profit up by 16% in first half

The property firm of country’s richest man Henry Sy, Sr. reported a 16% profit growth for the first six months of 2018, driven by...

SM Prime nets P7.6B as mall expansion pays off

THE country’s largest shopping mall operator recorded a 15% profit increase during the first quarter of 2018, fueled by its strategy of developing more...

SM continues provincial expansion with 2nd mall in Pangasinan

SM PRIME Holdings, Inc. is opening its second mall in Pangasinan today, taking advantage of the strong domestic market and the growing tourism sector...

SM Prime to open second Pangasinan mall this week

SM Prime Holdings, Inc. is opening its second mall in Pangasinan on Friday, taking advantage of the strong domestic market and the growing tourism...

SM Prime to set up own online platform

By Arra B. Francia, Reporter SM PRIME Holdings, Inc. will be launching its own online platform within the year, in a bid to capture a...

SM Prime to launch online store within the year

SM Prime Holdings, Inc. will be launching its own online shopping platform within the year, in a bid to address the booming e-commerce industry...

SM Prime allots P80B for capex

By Arra B. Francia, Reporter SM Prime Holdings, Inc. (SMPH) said on Tuesday it earmarked P80 billion for capital spending in 2018, as it focuses...

SM Prime hikes capex

By Arra B. Francia, Reporter SM PRIME Holdings, Inc. (SM Prime) is accelerating its spending program in the next two years to support the continued...

Mall expansion fuels SM’s Q3 profit rise

SM PRIME Holdings, Inc. posted a 16% rise in attributable profit in the three months to September, on the back of a double-digit growth...

SM opens 1st mall in Cagayan Valley

SM PRIME Holdings, Inc. is set to open its first mall in the Cagayan Valley region on Thursday, completing its target of adding five...

SM considers ‘clicks-to-bricks’ strategy to stay competitive

By Arra B. Francia, Reporter SM PRIME Holdings, Inc. is looking to adopt a “clicks-to-bricks” strategy by the end of the year, as the country’s...