SMIC targets povincial growth in next 20 years

The Sy family’s flagship SM Investments Corporation (SMIC) is aiming to continue its leading position in the retail, property, and banking industries in the next 20 years by venturing into new regions in the Philippines.

- JAMES A. LOYOLA

In a statement, the firm said it is marking two decades of transformative growth as a publicly listed company on the Philippine Stock Exchange. SM listed on March 22, 2005, with an adjusted price of 123.27 per share.

Compared to the March 21, 2005 closing price of P800 apiece, shares of SM have grown by 549 percent in the last two decades. Over the course of 20 years, SM’s assets grew by 900 percent, delivering a compounded annual growth of 12 percent.

In his remarks during the listing anniversary ceremony at the PSE, SM Investments President and CEO Frederic C. DyBuncio said SM is focused on creating long-term value for investors.

“The next 20 years will see SM continue to lead in retail, property, and banking, while expanding into new regions where growth is accelerating, especially in provincial areas,” he said.

The group’s remarkable growth is a testament to SM’s unwavering commitment to the Filipino people and the vision of its founder, Henry Sy, Sr.