SM Prime Holdings, Inc.

SM Prime Holdings, Inc. (SMPH) was incorporated on January 6, 1994 to develop, conduct, operate and maintain the business of modern commercial shopping centers and all related businesses. The Company's main sources of revenues include rental income from leases in mall and food court, cinema ticket sales and amusement income from bowling and ice skating. As of December 31, 2009, SMPH operated 36 SM Supermalls in the country, eight of which were operated by the Company's subsidiaries, and three SM Supermalls in China.

SMPH's subsidiaries are First Asia Realty Development Corporation, Premier Central, Inc., Consolidated Prime Dev. Corp., Premiere Southern Corporation, San Lazaro Holdings Corporation, First Leisure Ventures Group, Inc., Consolidated Prime Dev. Corp., Mega Make Enterprises Limited, Affluent Capital Enterprises Limited, SM Land (China) Limited, and Springfield Global Enterprises Limited.

Source: SEC Form 17-A (2009)

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best stock so far.

If you already made your fortune and just wants to preserve it'
The World is a Vampire . . .
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SM PRIME HOLDINGS, INC. (PSE:SMPH) - Potential Bullish Bat *er* is it a Gartley??
boss GBK, actually yung point X yun ang confirmation ng bullish 5-0 that resulted to that long white candle nauntog nga lang sa 88.6% Smile If it is gartley ok din pareho naman bullish.. hehehe

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SM Prime Holdings, Inc. is set to acquire two new lots in China for more malls. --

“We are looking at more sites. We are almost done in Xinjiang and there is another one in Quanzhou,” Jeffrey C. Lim, SM Prime executive vice-president and chief finance officer, told reporters in a chance interview.

Xinjiang is in northwestern China while Quanzhou is in southeastern China. The Xinjiang and Quanzhou properties will give SM Prime seven and eight hectares of new space, respectively.

SM Prime already operates three malls in China.

“This is more on the land banking side first. We will have to work on schedule [for the] three- to five-year development,” Mr. Lim added.

Mr. Lim said the lots, which are in second- and third-tier locations in China, will be allotted solely for mall development.

“We will open over the next three years about three to four malls and then also [conduct] land banking to prepare for [the listing],” Mr. Lim said.

The listed mall developer pegged capital spending at P18 billion this year, of which half will be spent for mall development and land banking in China.

The firm is still “on target” for its planned $500-million fund-raising by 2013 or 2014, he said, referring to earlier reports that the developer will be spinning off operations in China to a listed subsidiary.

For the rest of the year, SM Prime is scheduled to open SM City San Fernando in Pampanga, SM City Olongapo in Zambales, and SM Suzhou in China.

SM Prime is also set to expand this year SM City Davao in Southern Mindanao and SM City Dasmariñas in Cavite.

In March, the mall developer already raised P5 billion from corporate notes to bankroll general corporate expenses.

By the end of the year, SM Prime will have 43 malls nationwide with a gross floor area of 5.2 million square meters (sq. m.) Including the four SM malls in China, the company’s gross floor area will reach 5.9 million sq. m.

Shares in SM Prime, whose profits grew by 12% to P2.12 billion in the first quarter, rose by 1.57% or 18 centavos to close at P11.68 each yesterday. -- Neil Jerome C. Morales
The World is a Vampire . . .
SM Prime Q2 profit up 15%

MANILA, Philippines - SM Prime Holdings, Inc., the Philippines’ dominant shopping mall developer and operator, posted a better than expected 14% increase in net income for the first six months of 2011.

In a disclosure to the local bourse, the firm said net income rose to P4.27 billion from P3.76 billion in the same period last year.

Revenues, on the other hand, reached P12.71 billion, for a 12% increase year-on-year.

EBITDA (earnings before interest, taxes, depreciation, and amortization) for the period was at P8.68 billion, or an increase of 12% and margin of 68%.

The growth is anchored on the opening of new local malls in 2010, same-store sales of 7%, as well as much improved performance in China malls.

SM Prime also reported lower borrowing costs as a result of lower interest rates and debt
management initiatives, which includes the prepayment of higher interest-bearing loans through refinancing that also lengthened the maturity of the company's loans.

SM Prime President Mr. Hans T. Sy said, "For the first half of this year, SM Prime exceeded expectations by continuing to implement its proven business model which focuses on building long-term tenant relationships and effective innovation. This is further supported by a capable organization that is firmly committed to satisfy the various requirements of our millions of loyal customers."

First half rental revenues grew 15% to P10.92 billion, as compared to P9.49 billion during the same period last year.

The increase was brought about by healthy consumer spending, which resulted in a 7% growth in same store sales and additional rental space from the opening of new SM malls in 2010. These malls are SM City Tarlac, SM City San Pablo, SM City Calamba, and SM City Novaliches.

Cinema ticket sales declined slightly to P1.3 billion, compared to P1.37 billion during the same period last year due to a low turnout of blockbuster movies.

Operating expenses during the first six months of 2011 rose 11% to P5.92 billion from P5.32 billion due to an increase in administrative expenses. Income from operations increased to P6.79 billion, up 13% from P5.98 billion.

In terms of gross revenues, the three malls in China contributed almost a billion for the first half, or 8% of total consolidated revenues.

In terms of net income, the three malls contributed Php0.21 billion for the first six months, or 5% of total consolidated net income.

The SM China malls are enjoying healthy increases in rental rates, and much higher occupancy levels, particularly in SM Xiamen's Lifestyle Center and SM Chengdu. Rental revenues grew sharply by 57% to P0.95 billion.

The average occupancy rate for the three malls in China is now at 91%.

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SMPH had a 34M volume today and the MACD in my weekly chart has just alarmed a possible momentum play. The stock recently broke-out from its P12.00 resistance.

Immediate resistances are at P12.40 and P12.60. In the long-term picture, the stock is in an uptrend. A major resistance is at P13.00.

RSI is nearing 70, which is my first line for overbought conditions. I think kaya pa umakyat nito bukas. Let's just hope the DJIA won't fall 500 points.
Twitter: @TraderTactics
Whadup with this stock?
The World is a Vampire . . .
SMPH finally awaken
but will this return from a slumber state again?
lets see tomorrow Smile
Bible Verse: I Timothy 9
Penny Stocks:
Business tycoons: (edited by comm ollie)
SMPH, bakit ba kita iniwanan Sad
Bible Verse: I Timothy 9
Penny Stocks:
Business tycoons: (edited by comm ollie)

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