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MarketScreener Homepage  >  Equities  >  Philippines Stock Exchange  >  SM Investments Corporation    SM   PHY806761029

SM INVESTMENTS CORPORATION

(SM)
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SM Investments 1Q Net Fell 16% Due to Covid-19 Impact

05/21/2020 | 12:48am EST

By P.R. Venkat

SM Investments Corp.'s first-quarter net profit fell 16% as Covid-19 restrictions hurt some of its businesses, the company said Thursday.

Net profit for the quarter ended March came in at 9 billion Philippine pesos ($177.7 million), the Philippine conglomerate said.

Revenue grew marginally to PHP111.2 billion from PHP109.0 billion a year earlier.

The company's mall business, which accounts for 47% of consolidated revenues, experienced a decline in income as many malls were temporarily closed due to the lockdown in the Philippines.

"Our strong balance sheet, capabilities and partnerships provide us with the flexibility to anticipate and adapt to changes in customer needs and behaviors," SM President Frederic C. DyBuncio said.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
LINE CORPORATION 0.19% 5380 End-of-day quote.0.56%
SM INVESTMENTS CORPORATION 1.08% 1030 End-of-day quote.-1.25%
THE NEW HOME COMPANY INC. 2.19% 5.61 Delayed Quote.17.81%
All news about SM INVESTMENTS CORPORATION
11/04SM INVESTMENTS : Nine-Month Net Profit Slid 54% on Covid-19 Impact
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10/30SM INVESTMENTS CORPORATION : quaterly earnings release
08/05SM INVESTMENTS : First-Half Net Profit Fell 69% on Covid-19 Restrictions
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07/31SM INVESTMENTS CORPORATION : half-yearly earnings release
07/06SM INVESTMENTS CORPORATION : Ex-dividend day for final dividend
FA
06/03SM INVESTMENTS CORPORATION : Notice of Annual Stockholders' Meeting
AQ
06/02SOUTHEAST ASIA STOCKS : Most extend rally to scale multi-month highs; Singapore ..
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06/02Bank of East Asia says had no talks to sell HK, China businesses
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05/29SOUTHEAST ASIA STOCKS : Most rise as local economies set to ease curbs, Philippi..
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05/21Work-From-Home Tech, Service Providers Excel Amid Pandemic -- Earnings at a G..
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More news
Financials
Sales 2020 387 B 8 060 M 8 060 M
Net income 2020 23 544 M 490 M 490 M
Net Debt 2020 324 B 6 754 M 6 754 M
P/E ratio 2020 52,7x
Yield 2020 1,19%
Capitalization 1 241 B 25 818 M 25 824 M
EV / Sales 2020 4,04x
EV / Sales 2021 3,37x
Nbr of Employees 65 187
Free-Float 44,6%
Chart SM INVESTMENTS CORPORATION
Duration : Period :
SM Investments Corporation Technical Analysis Chart | SM | PHY806761029 | MarketScreener
Technical analysis trends SM INVESTMENTS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 875,56 PHP
Last Close Price 1 030,00 PHP
Spread / Highest target -4,85%
Spread / Average Target -15,0%
Spread / Lowest Target -25,7%
EPS Revisions
Managers
NameTitle
Frederic Cuyegkeng DyBuncio President, CEO & Executive Director
Jose T. Sio Chairman, Chief Financial Officer & Executive VP
Wilson H. Go Senior Vice President-Information Technology
Harley Tan Sy Executive Director
Henry T. Sy Vice Chairman
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