Oct. 29 (Bloomberg) — Philippine co. will have 7 malls in China by 2015, Timothy Daniels, investor relations officer at parent SM Investments, says in forum in Manila.

  * Consolidation of SM property units to be completed by year- end: Daniels

  * SM Investments “strong proxy” to Philippine consumer  story: Daniels

  * Group has strong growth plans for property, banking and  retail units; energy will have small contribution to group

    for now, Daniels says

 * NOTE: SM Prime targets to have 10 malls in China in 3-5 yrs

    {NSN MR75NB6KLVRB }

  * NOTE: SM Prime 2Q net income 2.85b pesos vs 2.49b pesos yr

    earlier; 5 China malls contributed 1.39b pesos or 8% of

    total in 1H  {NSN MQOGV46K50ZG }

To contact the reporter on this story:

Cecilia Yap in Manila at +63-2-789-7022 or [email protected]