First to Reach One Trillion Market Cap
PSE Chairman Jose Pardo and President Ramon Monzon handing over a plaque of recognition to SM Prime Chairman of Executive Committee Hans T. Sy and President Jeffrey C. Lim. SM Prime was recognized by the Philippine Stock Exchange (PSE) as the company reached a PHP 1 rillion market value in June last year, on the back of a favorable market outlook. This made SM Prime the first-ever Philippine company to reach such achievement in the market. The success is due to the integration of the SM Group property businesses—the malls, residences, offices, hotels and convention centers—all under SM Prime in 2013. The strategic move enabled SM Prime to realize synergies among its business units, increasing efficiencies in operations and revenue in enhanced shareholder value. It also allowed. SM Prime’s Chairman of the Executive Committee Hans T. Sy, BSP Governor Nestor A. Espenilla, Jr., SM Prime’s President Jeffrey C. Lim. Former GSIS President and GM Mr. Robert Vergara, SM Prime’s Chairman of the Executive Committee Hans T. Sy, PSE Director Emmanuel O. Bautista. SM Prime to pursue larger projects, from reclaiming land to long-term integrated developments. The major milestone is a testament to SM Prime’s commitment to its role as a catalyst for economic growth that delivers innovative and sustainable lifestyle cities, enriching the quality of life of millions.