- Net income of SM Prime in 1Q is 10.5 billion pesos, which signifies an increase by 12% year on year (y/y).
- Revenue experienced a growth of 7.3% y/y, reaching 30.7 billion pesos.
- The operating income has increased by 6.5% y/y, landing at 14.7 billion pesos.
- The mall business of SM Prime, which brings in 59% of consolidated revenues, marked a 7% rise to 18.2 billion pesos.
- Mall rental income also saw an increment of 8% y/y, contributing 15.8 billion pesos.
- Revenue from the primary residential business escalated by 10% y/y, now at the mark of 8.5 billion pesos.
- Reservation sales stood at 26.5 billion pesos in the first quarter, i.e., January-March.
- Other business segments of SM Prime – offices, hotels, and convention centers, generated revenues of 3.4 billion pesos, a 9% y/y increase.
- There have been 15 buys, 3 holds, zero sells in the market.
- These comparisons are based on the values reported by the company’s original disclosures.
A look at Sm Prime Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SM Prime Holdings Inc., a real estate conglomerate focusing on residential properties, shopping malls, offices, hotels, and convention centers, has shown promising long-term prospects according to the Smartkarma Smart Scores analysis. With a Growth score of 4 out of 5, the company is positioned for strong expansion in the future. This high score indicates positive expectations for SM Prime Holdings’ potential growth trajectory in the coming years.
While the company’s Value, Dividend, Resilience, and Momentum scores are more moderate at 2 out of 5 each, the strong Growth score suggests that investors may find SM Prime Holdings an attractive long-term investment due to its anticipated expansion opportunities. Investors might take note of the company’s growth potential in their considerations of adding SM Prime Holdings to their investment portfolios.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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