SM Investments Sees Continued Growth

SM Investments Corp., the parent company of the Sy family's SM group, is confident that its various businesses will continue to grow amid its bullish outlook on the Philippine economy.

- By Richmond Mercurio

In an interview with Singapore's CNA, SM Investments president and CEO Frederic DyBuncio said the easing inflation and declining unemployment support optimism of more businesses to invest and expand in the country.

"So that means that people have disposable income, and more and more companies are coming in," DyBuncio said.

"So for SM, on a daily basis, each consumer has a touch point on each of our businesses. As the economy continues to grow—5.5 percent, six percent—and consumers continue to earn, they continue to spend. Each of those spending will actually benefit the whole SM group's businesses," he said.

However, DyBuncio believes that SM Investments' stock is still undervalued at present.