Welcome to the top twenty something index issues of the PSEi that have big market capitalization, plus some banks and financial big caps as well
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Sy left China at age 11 with only 10 centavos
http://www.malaya.com.ph/index.php/busi ... 0-centavos
SM mulls purchase of smaller grocers
SM RETAIL, Inc. is eyeing small supermarkets it can buy out in Luzon as other rivals have undertaken mergers and acquisitions to compete against the Sy-led giant.
“There are [supermarkets] being looked at,” Joey C. Mendoza, president of SM Retail’s supermarkets division, told BusinessWorld in a chance interview last week, noting that while nothing has been finalized, opportunities are being scrutinized “closely.”
“It’s always a possibility for us. We don’t close [ourselves off to] options like that. If there are stores that, say, have had enough of running on their own and would like to sell, we will anticipate those,” Mr. Mendoza said.
Already, the group has acquired a number of Glo-ri supermarkets and Makro stores in Metro Manila a few years back, Mr. Mendoza said.
“We look at the historical performance of a particular store. If it jibes with what we’ve set our performance goal to be given the SM treatment, so to speak, then we look at it,” Mr. Mendoza explained.
SM Retail said it wants to firm up its presence outside Metro Manila, where growth prospects are reportedly located.
“There are a lot of competitors there. Provincial Luzon is very attractive, especially in the urban areas,” Mr. Mendoza said.
This plan comes on the heels of recent mergers and acquisitions conducted by rivals.
Puregold Price Club, Inc. has consolidated its operations with that of upscale S&R Membership Shopping. Puregold has also moved to acquire the Gant Group of Companies, which operates Parco Supermarket.
Upscale Rustan Supercenters, Inc. for its part sold a 50% stake in the company to Asian retailer Dairy Farm International Holdings, Inc. of the Hong Kong-based Jardine Matheson Group, in a bid to strengthen Rustan’s position in the country.
The Hortalezas’ personal care store chain HBC, Inc. has meanwhile acquired pharmaceutical retailer and convenience store operator Savemore Drug, Inc.
“Acquisitions would be a good counter-strategy,” Jose Mari B. Lacson, head of research at Campos Lanuza & Co., Inc., told BusinessWorld in a text message.
SM Retail contributed P73.8 million in revenues to its parent’s profits in the first half, 8.37% higher than the P68.1 million accounted for in the same period last year, mainly due to new store openings.
As of end-June, SM Retail’s portfolio consisted of 43 department stores, 34 supermarkets, 73 SaveMore stores, and 33 hypermarkets.
Three department stores, nine SaveMore branches, and three hypermarkets are set to open before the year ends.
Parent firm SM Investments Corp. has allotted a record P56.80 billion capital budget for this year to fund expansions for its flagship mall and condominium development units SM Prime Holdings, Inc. and SM Development Corp.
Shares of SM Investments rose by 0.41% to P737 apiece last Friday. -- Franz Jonathan G. de la Fuente
http://www.bworldonline.com/content.php ... s&id=57150
..so which of the listed companies is good to speculate as candidate for this article?
Talo sya ni Goks, malamang he left china at age 5 with 100,000 in utang
Gok's was born at Cebu in a wealthy family which got bankrupt after the death of his father.
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