SM Prime Holdings, Inc.
#31
opened at 17
One person gives freely, yet gains even more; another withholds unduly, but comes to poverty. Proverbs 11:24
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#32
Posted on April 03, 2012 09:34:46 PM

SM unit steps up expansion beyond Metro Manila malls

SY-LED SM Prime Holdings, Inc. has continued to ramp up expansions beyond Metro Manila via a P1.4-billion upgrade for its Bacolod mall and a sales push to bring in merchants into a new Davao City development.

http://www.bworldonline.com/content.php?...s&id=49487
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#33
Good dividend.

http://www2.pse.com.ph/html/disclosure/p...3_SMPH.pdf

Smile
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#34
para maiba naman guys..
bought SMPH @17.16

dividend play.

25% stock dividend
0.29/share cash dividend

Ex-date May 21, 2012.
" A true Man embraces defeat and look forward for his Glory."

PD: none at the moment. 100% buying power.
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#35
(04-25-2012, 02:30 PM)hector28 Wrote: para maiba naman guys..
bought SMPH @17.16

dividend play.

25% stock dividend
0.29/share cash dividend

Ex-date May 21, 2012.

bought again @17.14 part 2. Big Grin

bought again @17.0 part 3. ayaw ko paawat. Big Grin

COL Fair Value ( FV ) 20.0 pesos. TP price. Big Grin

" A true Man embraces defeat and look forward for his Glory."

PD: none at the moment. 100% buying power.
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#36
SMPH Technical View.

try lang. Big Grin

[Image: j7s0m8.jpg]
" A true Man embraces defeat and look forward for his Glory."

PD: none at the moment. 100% buying power.
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#37
SM PRIME HOLDINGS, INC. (SMPH) - source from COL research.

1Q12 income grows 14.9%, declares 25% stock dividend

1Q12 grows 14.9% to Php2.43 Bil. SMPH’s net income for 1Q12 grew 14.9% to
Php2.43 Bil driven by a 16% increase in revenues. First quarter income was in-line with
expectations, accounting for 24.3% and 24.1% of COL and consensus full year estimates.

***Last year, 1Q11 accounted for 23.4% of its full year income. SMPH declared Php0.29/sh
cash dividend and a stock dividend of 25%. (see exhibit 1)

***Revenues jump on strong SSS growth. Revenues from Philippine malls jumped 14.5%
to Php6.42 Bil driven by an 8% same-store-sales growth and contributions from malls
opened last year. The 8% SSS growth is higher than the 7% growth recorded last year.
Management expects consumer spending in the Philippines to improve and thus we can
expect SSS growth to remain between 7%and 8%. China revenues rose 34% to Php619
Mil on higher sales of its existing malls.
Raising up to Php7 Bil in debt to fund expansion. SM Prime said it will sell between Php5
Bil and Php7 Bil of 5-year notes to fund expansion plans in the Philippines. SMPH’s capex
budget for this year is Php21 Bil, Php14 Bil will be used for the Philippines and balance
in China.

***Planning more malls this year. SM Prime will continue mall expansion in the Philippines
and in China. This year they plan to expand Philippine-mall GFA by 423,188 sqm or 14%
higher than FY11. They will also open their Chongqing mall this year in China, which
will have 150,000 sqm of GFA. This will equate to SMPH having 795,172sqm of GFA in
China by the end of this year.

***Reiterating BUY rating. We reiterate our BUY rating on SMPH given its market leading
position in the Philippine shopping mall sector and exposure to the strong consumer
market in China. We forecast SMPH’s earnings to grow at a three-year-CAGR of 12%,
from Php9.05 Bil in FY10 to Php11.4 Bil in FY13. Growth will be underpinned by an
annual same-store-sales growth of at least 6% and the estimated 13% three-year-CAGR
of total mall GFA. Resilient OFW remittances and a stable economy will support our
revenue growth forecast. Our fair value estimate of Php20.00 is based on the DCF method
with a WACC of 9.78%
" A true Man embraces defeat and look forward for his Glory."

PD: none at the moment. 100% buying power.
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#38
sidewards trend since march 22, sitting on 16.22 as support, tinigin ko dito it needs to break the 17.0 resistance para ma-consider na uptrend, that's just my interpretation of the chart.

One person gives freely, yet gains even more; another withholds unduly, but comes to poverty. Proverbs 11:24
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#39
(04-26-2012, 12:10 PM)butchick Wrote: sidewards trend since march 22, sitting on 16.22 as support, tinigin ko dito it needs to break the 17.0 resistance para ma-consider na uptrend, that's just my interpretation of the chart.

i agree on that, and i am confident it will break it's resistance at 17.0 easily, if they want to, and eventually will make new HIGH's and break the 18.20 last HIGH. The Play starts today until MAY 20. IMHO
" A true Man embraces defeat and look forward for his Glory."

PD: none at the moment. 100% buying power.
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#40
Watching this stock too. The dividend play is sound. It would interesting to see how this plays out until ex-date May 21 Smile
Still learning ...
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