Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  SM Investments Corporation    SM   PHY806761029

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

SM Investments Corporation : SM launches ADR Level 1 Program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/29/2013 | 03:30pm CEST


SM launches ADR Level 1 Program
Monday, July 29, 2013
Source: SMIC Investor Relations

29 July 2013, Pasay City, Philippines. SM Investments Corporation (SM), through its appointed depositary, The Bank of New York Mellon, launched on Monday, July 29, its American Depositary Receipt (ADR) Level 1 program. Under the program, ADR securities issued in the US representing SM common shares can be traded over-the-counter (OTC) under the ticker symbol SMIVY. One SM ADR represents 0.5 common shares of SM.

This facility serves several purposes. First, it allows US investors to trade SM common shares in their own time zone and to settle their transactions locally. As such, it offers convenience and reduces currency risk on the part of the investor as they acquire the ADR in US dollars. Secondly, it opens for SM the door that leads to a large pool of US ADR investors, thereby potentially diversifying and broadening SM's shareholder base. Finally, it enhances corporate visibility and global presence.

"We are delighted to work hand in hand with BNY Mellon through this sponsored ADR program which aims to actively engage and support global investors. This initiative affirms SM's desire to reach out and better service the needs of more investors at a time when interest in the Philippines among US investors is fast building up. SM is widely regarded by international investors as a strong proxy for the Philippine growth story and we believe that it will continue to be an attractive investment proposition," Mr. Jose T. Sio, SM Executive Vice President and Chief Financial Officer said.

About SM Investments Corporation

SM Investments Corporation or SMIC is one of the country's largest holding companies with a market capitalization of $17.41 billion as at the close of trading on July 26, 2013. The Group has market leading interests in shopping mall development and management, retail, real estate development and banking and a growing interest in hotels and conventions.

About BNY Mellon

BNY Mellon is the world's largest depositary for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs); www.adrbnymellon.com is a leading source for international ADR and GDR market intelligence and select investor information. DRs, which include ADRs, GDRs, Euro DRs (Euro Depositary Receipts), and NYSs (New York Shares), allow non-U.S. companies to offer dollar-denominated and euro-denominated securities to investors around the world.

For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: [email protected]
Tel. No. 857-0117

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SM INVESTMENTS CORPORATION
04/22 AYALA : Firms line up for Sta Mesa-MOA toll project
04/20 AGI eyes becoming PHL's largest hotel owner by 2020
04/11 SM PRIME : More senior citizens committing suicide--study
04/05 SM INVESTMENTS : SMIC pays $124.5 million for 34.5% Nenaco stake
04/04 SM INVESTMENTS : SMIC completes acquisition of minority stake in 2Go
04/04 SM PRIME : P38-M dialysis center to rise in Mexico
04/03 SM INVESTMENTS : Ends 2016 with Most Diversified Retail Operations
04/01 SMIC enters logistics sector through 2Go
04/01 SM INVESTMENTS : SMIC enters logistics, buys minority stake in 2GO
04/01 Ayala, SM propose to build P25-B elevated expressway
More news
Sector news : Other Specialty Retailers - NEC
04/21 FTSE edges down, scores worst week in over five months
04/20 MARKS AND SPENCER : Retailer Marks & Spencer says plans to close six British sto..
04/19 GRANDVISION : to acquire Tesco's British optician chain
04/18 European shares hit three-week lows amid jitters over British, French votes
04/10 FTSE bobs along; mid, small caps reach record highs
More sector news : Other Specialty Retailers - NEC
News from SeekingAlpha
2015 GLOBAL X SOUTHEAST ASIA ETF : Un-Emerging Market
2015 SM Energy (SM) Javan D. Ottoson on Q4 2014 Results - Earnings Call Transcript
2015 SM Energy surges on higher 2015 production outlook amid 43% capex cut
2015 SM Energy misses by $0.05, misses on revenue
2015 Notable earnings after Tuesday?s close
Advertisement
Financials ( PHP)
Sales 2017 371 049 M
EBIT 2017 69 304 M
Net income 2017 35 218 M
Debt 2017 -
Yield 2017 1,47%
P/E ratio 2017 24,22
P/E ratio 2018 21,24
Capi. / Sales 2017 2,31x
Capi. / Sales 2018 1,99x
Capitalization 856 458 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 711  PHP
Spread / Average Target 0,04%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Harley Tan Sy President, CEO & Executive Director
Henry Sy Chairman
Jose T. Sio CFO, Executive Director & Executive Vice President
Wilson H. Go Senior Vice President-Information Technology
Henry T. Sy Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SM INVESTMENTS CORPORA..17 187
TRACTOR SUPPLY COMPANY-13.47%8 522
DUFRY AG24.41%8 378
NEXT PLC-14.13%8 060
MARKS AND SPENCER GROU..3.00%7 502
STAPLES, INC.7.40%6 343
More Results