{"id":329727,"date":"2024-10-01T21:52:35","date_gmt":"2024-10-01T13:52:35","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329727"},"modified":"2024-10-01T21:52:37","modified_gmt":"2024-10-01T13:52:37","slug":"trade-the-news-smphs-sm-supermalls-see-strong-holiday-sales","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smphs-sm-supermalls-see-strong-holiday-sales\/","title":{"rendered":"Trade the News: SMPH’s SM Supermalls see strong holiday sales"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>SM Prime Holdings<\/td><\/tr>
Stock Code<\/strong><\/td>SMPH<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 39.35<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

SM Supermalls expressed optimism about the upcoming holiday season, citing nearly double-digit growth in sales and revenue so far this year.<\/p>\n\n\n\n

\u201cWe\u2019re very positive about the prospects. And, you know, I\u2019m sure all the retailers are excited for this holiday [season]. It will be a very nice Christmas for everyone,\u201d SM Supermalls President Steven Tan told reporters on the sidelines of the 2024 Outstanding Filipino Retailers Awards Night on Wednesday.<\/p>\n\n\n\n

\u201cSo far, until now, we are almost double-digit growth [in terms of] sales and revenue,\u201d he added.<\/p>\n\n\n\n

In a disclosure to the stock exchange in August, SM Prime Holdings, Inc. said that its total mall revenues reached P37.5 billion in the first six months. This is 8.4% higher than the P34.6 billion in the same period last year.<\/p>\n\n\n\n

SM Supermalls is the mall unit of SM Prime. It has 86 shopping malls in the Philippines and eight shopping malls in China.<\/p>\n\n\n\n

\u201cFrom January up until now, there was no single month that really went down. August was a little bit soft, but it is because of the transition of the school year,\u201d he said.<\/p>\n\n\n\n

In terms of foot traffic, he said that SM Supermalls has already been able to match the 2019 foot traffic level on the tail-end of 2022.<\/p>\n\n\n\n

\u201cThe whole year of 2023 was already much stronger than our 2019 numbers. And 2024, so far, for the first nine months has already been stronger than 2023,\u201d he said.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329727","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329727"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329727\/revisions"}],"predecessor-version":[{"id":329729,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329727\/revisions\/329729"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}