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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 [email protected]

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

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News from SeekingAlpha
2016 An Update On The Philippines And The iShares Philippines ETF
Financials ( PHP)
Sales 2017 89 982 M
EBIT 2017 39 943 M
Net income 2017 27 432 M
Debt 2017 150 B
Yield 2017 0,76%
P/E ratio 2017 38,28
P/E ratio 2018 33,63
EV / Sales 2017 13,4x
EV / Sales 2018 12,1x
Capitalization 1 052 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 33,2  PHP
Spread / Average Target -9,0%
EPS Revisions
Managers
NameTitle
Hans T. Sy President & Director
Henry T. Sy Chairman
John C. Ong Chief Finance Officer & Compliance Officer
Jeffrey C. Lim Director, Chief Information Officer & Executive VP
Herbert T. Sy Non-Executive Director
Sector and Competitors