{"id":330659,"date":"2024-11-29T07:46:01","date_gmt":"2024-11-28T23:46:01","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330659"},"modified":"2024-11-29T07:46:03","modified_gmt":"2024-11-28T23:46:03","slug":"trade-the-news-sm-bankrolls-p115-billion-for-2025-capex","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-sm-bankrolls-p115-billion-for-2025-capex\/","title":{"rendered":"Trade the News: SM bankrolls P115 billion for 2025 capex"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>SM Investments Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>SM<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 1,127.17<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

SM Investments Corp. (SM), the investment holding company of the Sy family, is expected to spend as much as P115 billion again for its capital expenditures next year to support its growth initiatives.<\/p>\n\n\n\n

Erwin Pato, executive vice president for treasury, finance and planning at SMIC, said the group is likely to allocate a similar amount of capex for 2025 as it did this year.<\/p>\n\n\n\n

\u201cIt will be around the same as this year, more or less,\u201d he said.<\/p>\n\n\n\n

SMIC has earmarked up to P115 billion for its capex this year for the continuing expansion of its various businesses.<\/p>\n\n\n\n

SMIC has an existing euro medium term note (EMTN) that is available to the company as a funding option.<\/p>\n\n\n\n

\u201cThe EMTN we have is a program. So what that means is it will allow us to access the markets when the windows are available for us. So that can be anytime. Because when we look at funding, we ask ourselves how do we access the most efficient. So it\u2019s not really pre-planned. It is really when the market is most efficient,\u201d Pato said.<\/p>\n\n\n\n

Last May, SMIC and SM Prime established a $3 billion multi-issuer EMTN program which will allow the companies to tap the offshore bond market to fund their continued growth and expansion.<\/p>\n\n\n\n

SMIC raised $500 million from the first tranche of its EMTN program last July, marking its largest offshore bond issuance since 2014.<\/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-330659","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\/330659","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=330659"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330659\/revisions"}],"predecessor-version":[{"id":330661,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330659\/revisions\/330661"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}