Tag Archives: SMIC

SMIC group sees logistics as 4th pillar for future growth

Source: news.abs-cbn.com

(Source: Manila Bulletin | May 30, 2017) Almost 60 years after turning a shoe shop in Manila into a banking-to-property conglomerate that’s made him the richest man in the Philippines, billionaire Henry Sy has found the next growth engine for his group: logistics. Sy’s SM Investments Corp. is counting on logistics affiliate 2GO Group, Inc. to fuel earnings growth as ...

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Conglomerates taking steps to future-proof their business

Smart phone online shopping in woman hand during Christmas. Shopping center in background. Buy clothes shoes accessories with e commerce web site

(Source: Business World | 11 April 2017) Conglomerates Ayala Corp. and SM Investments Corp. (SMIC) — owners of an expansive network of shopping malls in the Philippines — are preparing for the future by joining the e-commerce wave, as brick and mortar shops in the United States succumb to online shopping. The Ayala group acquired a 49% stake in the ...

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SMIC acquires minority stake in 2Go Group


  (Source: Philippine Star | 1 April 2017) SM Investments Corp. (SMIC) has entered the logistics business with its acquisition of a minority stake in 2Go Group Inc. SMIC said yesterday it completed the purchase of a 34.5 percent stake in 2Go, the country’s largest integrated supply chain operator. “We are pleased with this opportunity to invest in a fast ...

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DoubleDragon on fast track for expansion


(Source: Inside Retail Philippines | 22 December 2016) DoubleDragon Properties Corporation plans to acquire 24 more sites for its CityMall retail centers and next year open all its malls now under development. Its aim is to launch 100 CityMalls by 2020, the property development group’s chairman/CEO Edgar Sia II says. “Two years from now, all the 100 sites in Luzon, ...

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SMIC eyes more acquisitions


(Source: The Standard | 12 October 2016) SM Investments Corp., the holding company of tycoon Henry Sy, allocated P13.67 billion to finance new investments and strategic acquisitions particularly in the retail and property sectors. SM Investments said in a document filed with the Securities and Exchange Commission regarding the planned issuance of P20 billion seven-year fixed-rate bonds that it had ...

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SMIC to merge retail units


(Source: The Standard | 8 June 2016) Conglomerate SM Investments Corp., the holding company of tycoon Henry Sy, said Wednesday it plans to consolidate all retail-related businesses under an umbrella company that will boost retail sales by 16.7 percent to P251 billion from P215 billion before the merger. SM Investments said in an investor presentation that the merger of all ...

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SMIC marks 11th year of growth


(Source: The Philippine Star | 27 March 2016) SM Investments Corp. (SMIC) has seen steady growth in both its net income and revenues in the past 11 years, driven by its strong corporate story. SMIC noted an average annual growth of 12.49 percent and 17.15 percent in profit and revenues, respectively. “Investors acknowledge the SM growth story. It’s commitment to ...

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SMIC profit jumps 8.1% in Q1 on sustained growth of banking, property, retail businesses

SM operates seven malls in China. This one is the biggest in Xiamen. Its 14-year-old phase one attracts 80,000 people every day, whereas phase two (shown here) draws 40,000 high-end shoppers daily. Coming late this year, SM Tienjin near Beijing, on 540,000 sqm of land, the biggest of them all.

Source: Manila Bulletin | by Maricel Burgonio | May 6, 2015 SM Investments Corporation (SMIC) said its consolidated net income rose 8.1 percent to P6.7 billion in the first quarter of 2015 on sustained growth of banking, property and retail businesses. “We are focused on expanding all our core businesses given the favorable economic outlook. Our expansion plans are geared ...

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