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SM Investments Corporation
- Sector: Banking and Real EstateRetail
- Sub Sector: Diversified Conglomerate
- Country: Philippines
- Bond: SMPM 5.375 29
- Indicative Yield-to-Maturity (YTM): 5.406%
- Credit Rating : -/BBB/-
Detailed Information
Fundamental View
AS OF 13 Jan 2025- We continue to be optimistic about the growth of SM Investments Corporation (SMIC) given its net income growth of 9% year-on-year (YoY) in Q3 2024. Credit quality remains strong given its net debt to equity ratio of 53.84% along with its dominant market position in multiple sectors.
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Who We Recommend
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Bond:
ROP 1.648 31ROP 4.375 30ROP 4.625 28
Credit Rating:
-/BBB/-
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