- PHILIPPINES: SM reached out to more local investors during its retail investor seminar
Pasay City, Philippines, 2016-Sep-10 — /EPR Retail News/ — SM Investments Corporation (SM) reached out to more local investors as it underscored Philippine corporate growth.
SM, with subsidiaries SM Prime Holdings and BDO Unibank, recently concluded retail investor seminar in partnership with CitisecOnline.com in Cebu, Cagayan de Oro, Davao and Manila which drew thousands.
“Investor education is very important to SM and we do our part by going around the country to share the long-term growth plans of the group. Historically, foreign investors dominated our minority investor base who gained immensely from the strong share price performance of SM and its listed subsidiaries. We want to encourage more local investors to likewise gain from the business acumen of the Sy family,” Cora Guidote, SM Senior Vice President for Investor Relations said.
Since listing in the stock market in 2005, SM’s share price grew by a compounded annual growth rate of 17.4%. As a result, market capitalization grew to PHP 819.1 billion as of end-August from PHP 127.2 billion in 2005, reflecting the support of investors, particularly those of foreign institutional funds over the last 11 years.
A PHP 10,000 investment, bought during IPO would be PHP 46,920.82 if sold as of December 2015, notwithstanding cash dividends declared during those years.
SM has earmarked between PHP 70 to PHP 80 billion every year in an aggressive expansion bid in the Philippines, fueled by the local economy’s strong momentum. Supporting this capital commitment, SM posted an 11% growth in consolidated net income of PHP 15 billion in the first six months of the year.
For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com
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