{"id":330099,"date":"2024-10-29T01:11:33","date_gmt":"2024-10-28T17:11:33","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330099"},"modified":"2024-10-29T01:11:38","modified_gmt":"2024-10-28T17:11:38","slug":"trade-the-news-smph-to-open-87th-mall-in-mandaue-cebu","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smph-to-open-87th-mall-in-mandaue-cebu\/","title":{"rendered":"Trade the News: SMPH to open 87th mall in Mandaue, Cebu"},"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 40.30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The SM Group, the largest mall operator and developer in the Philippines, is cementing further its retail dominance with the opening of its 87th mall in the country this week. Through integrated property developer SM Prime Holdings Inc. (SMPH), the SM Group will open on Oct. 25 SM City JMall in Mandaue City.<\/p>\n\n\n\n

SM City JMall is a four-story mall with a gross floor area of 78,229 square meters and a gross leasable area of 51,346 square meters.<\/p>\n\n\n\n

The new shopping destination will bring a mix of global brands and local favorites to Cebu. It will also have eco-friendly features such as a rainwater catchment system in line with SM\u2019s commitment to sustainability and green development.<\/p>\n\n\n\n

SM currently has 86 malls across the country following the opening of SM City Caloocan last May.<\/p>\n\n\n\n

On top of the upcoming SM City JMall, SM Prime is also eyeing to open two additional malls this year \u2014 SM City San Fernando La Union and SM City Laoag.<\/p>\n\n\n\n

SM is targeting to have a portfolio of 100 malls in the country by the end of 2027 as it looks to further solidify its dominance in the Philippine retail landscape.<\/p>\n\n\n\n

SM Supermalls is also undertaking a reinvention with the aim of transforming its malls into sustainable, innovative and community-centric spaces.<\/p>\n\n\n\n

Under its reinvention plan, SM Supermalls intends to create more spaces for leisure and interaction in its malls, while celebrating local communities at the same time.<\/p>\n\n\n\n

(News Source: Philippine Star<\/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-330099","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\/330099","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=330099"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330099\/revisions"}],"predecessor-version":[{"id":330101,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330099\/revisions\/330101"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}