{"id":330231,"date":"2024-11-05T15:07:00","date_gmt":"2024-11-05T07:07:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330231"},"modified":"2024-11-05T15:07:03","modified_gmt":"2024-11-05T07:07:03","slug":"trade-the-news-smphs-2025-capex-may-reach-p110-billion","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smphs-2025-capex-may-reach-p110-billion\/","title":{"rendered":"Trade the News: SMPH\u2019s 2025 capex may reach P110 Billion"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>SM Prime Holdings, Inc.<\/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

SM Prime Holdings, Inc. (SMPH) may have a capital expenditure (capex) budget of up to P110 billion for 2025 as the company plans to open five new malls, the company\u2019s president said.<\/p>\n\n\n\n

\u201cFor next year, I think it should be P100 to P110 billion. That\u2019s more of a guide,\u201d SM Prime President Jeffrey C. Lim said during a media briefing in Pasay City last week.<\/p>\n\n\n\n

Mr. Lim said the company is not expected to fully use the P100-billion capex earmarked for this year.<\/p>\n\n\n\n

\u201cThe forecast this year is P100 billion. But I don\u2019t think we\u2019ll get to P100 billion,\u201d he said.<\/p>\n\n\n\n

Mr. Lim added that SM Prime is looking to open five new malls next year.<\/p>\n\n\n\n

If met, this will bring the company\u2019s domestic mall portfolio to 92 locations.<\/p>\n\n\n\n

The planned malls will be in La Union, Zamboanga, Laoag City in Ilocos Norte, and Santa Rosa City in Laguna, while the fifth location has yet to be finalized.<\/p>\n\n\n\n

SM Prime recently opened SM City J Mall in Mandaue, Cebu, the company\u2019s 87th mall in the country.<\/p>\n\n\n\n

The four-level mall has over 100,000 square meters of gross floor area.<\/p>\n\n\n\n

Mr. Lim said SM Prime is also planning mall redevelopments next year, mostly in provincial locations.<\/p>\n\n\n\n

\u201cWe\u2019re going to do the old mall in Cebu and Rosales, Pangasinan in the north. It depends on the size of the mall. But (redevelopment) ranges from P800 million up to P1.5 billion for every location,\u201d he said.<\/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-330231","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\/330231","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=330231"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330231\/revisions"}],"predecessor-version":[{"id":330233,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330231\/revisions\/330233"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}