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    SM   PHY806761029

SM INVESTMENTS CORPORATION

(SM)
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SM Investments Corporation (PSE:SM) signed an agreement to acquire an additional 22.36% stake in 2GO Group, Inc. from Chelsea Logistics and Infrastructure Holdings Corp. (PSE:C) for PHP 4.6 billion.

03/19/2021 EDT

SM Investments Corporation (PSE:SM) signed an agreement to acquire an additional 22.36% stake in 2GO Group, Inc. (PSE:2GO) from Chelsea Logistics and Infrastructure Holdings Corp. (PSE:C) for PHP 4.6 billion on March 18, 2021. Shares will be acquired at PHP 8.5 per share. Post completion, Chelsea Logistics and Infrastructure Holdings Corp. will hold no stake in 2GO Group, Inc. In a related transaction, SM Investments Corporation also intends to conduct a tender offer for all the remaining shares of 2GO Group, Inc. at an offer price of PHP 8.5 per share. The Board of Directors of SM Investments Corporation has approved the transaction. Chelsea Logistics and Infrastructure Holdings Corp. will use the proceeds of the sale to pay down the loan obtained for the acquisition of the shares. Completion will take place in next three months. As of April 22, 2021, the deal is expected to be completed by second quarter of 2021.


© S&P Capital IQ 2021
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Analyst Recommendations on SM INVESTMENTS CORPORATION
More recommendations
Financials
Sales 2021 431 B 8 493 M 8 493 M
Net income 2021 32 914 M 649 M 649 M
Net Debt 2021 352 B 6 937 M 6 937 M
P/E ratio 2021 37,8x
Yield 2021 0,74%
Capitalization 1 245 B 24 501 M 24 559 M
EV / Sales 2021 3,71x
EV / Sales 2022 3,24x
Nbr of Employees 65 187
Free-Float 45,4%
Chart SM INVESTMENTS CORPORATION
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SM Investments Corporation Technical Analysis Chart | SM | PHY806761029 | MarketScreener
Technical analysis trends SM INVESTMENTS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 1 034,00 PHP
Average target price 1 022,20 PHP
Spread / Average Target -1,14%
EPS Revisions
Managers and Directors
Frederic Cuyegkeng DyBuncio President, CEO & Executive Director
Jose T. Sio Chairman, Chief Financial Officer & Executive VP
Wilson H. Go Senior Vice President-Information Technology
Wellington Palmero Senior VP, Chief Risk & Compliance Officer
Tomasa H. Lipana Independent Director
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