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4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  SM Prime Holdings, Inc.    SMPH   PHY8076N1120

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SM Prime Holdings, Inc. : SM Prime To Open 44th Shopping Mall In Philippines Friday

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07/19/2012 | 07:21am CEST
   By Cris Larano 

MANILA--SM Prime Holdings Inc. (SMPH.PH) said Thursday it will open its 44th shopping mall in the Philippines on Friday, which will increase the combined gross floor area to 5.2 million square metres for its retail space in the country.

The company said the new 42,625-square-meter, seven-storey SM San Fernando will be its third in Pampanga, a province north of Manila.

SM Prime said that by the year-end, it plans to open two more shopping malls in the Philippines and one in China. With the opening of the three malls, SM Prime will have 46 malls in the Philippines and five in China with a combined gross floor area of 6.3 million square meters.

Write to Cris Larano at cris.larano@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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2016 An Update On The Philippines And The iShares Philippines ETF
Financials ( PHP)
Sales 2017 89 762 M
EBIT 2017 39 963 M
Net income 2017 27 715 M
Debt 2017 149 711 M
Yield 2017 0,81%
P/E ratio 2017 35,49
P/E ratio 2018 31,14
EV / Sales 2017 12,6x
EV / Sales 2018 11,5x
Capitalization 983 205 M
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 15
Average target price 32,1  PHP
Spread / Average Target -5,9%
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John C. Ong Chief Finance Officer & Compliance Officer
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