Our Company

SM Investments Corporation (SMIC) is a leading Philippine company that is invested in market leading businesses in retail, banking and property.  It also invests in ventures that can capture the high growth opportunities in the emerging Philippine economy. It looks for market leaders or those with potential to become leaders in their chosen sectors that offer synergies and attractive returns and cashflows.  

SMIC was listed on the Philippine Stock Exchange (PSE) in 2005 (PSE: SM).  Its assets include blue-chip listed firms SM Prime HoldingsBDO Unibank and China Banking Corporation.

Retail

SMIC’s retail operations under SM Retail, Inc. are the country’s largest and most diversified with its food (SM Markets, WalterMart, Alfamart) , non-food (THE SM STORE) and specialty retail stores which are leading players that provide consumers with an aspirational lifestyle, reliable service, quality products and consistent convenience.

Property

SMIC’s property arm, SM Prime Holdings, has become one of the largest integrated property developers in the country and in Southeast Asia with interests in malls, residences, office buildings, resorts, hotels and convention centers and tourism-related property developments. 

SM Prime is the Philippines’ largest mall developer, both in terms of gross floor area (GFA) and geographical reach.  In China, the company’s malls are in second- and third-tier cities, a strategy that the company will maintain as it grows further in numbers.  A trailblazer in the Philippine residential business, SM Prime has offerings mainly in key cities in Metro Manila and the provinces. 

Banking

SMIC has the largest footprint in the Philippines through BDO Unibank, Inc. and China Banking Corporation.

BDO is the Philippines’ largest bank in terms of total resources, loans and deposits and is also the market leader in most key business segments such as investment banking, asset management, wealth management, remittances, credit cards, insurance and leasing.

China Bank is the 6th largest bank in terms of assets, loans and deposits and is uniquely positioned to service the needs of emerging companies and small- and medium-scale enterprises building on its long-term relationships that date back to the post-war era.  Its acquisitions in recent years signal China Bank’s desire to grow further in scale, market reach and product base. 

Equity Investments

In all its portfolio investments, SM finds the best partners who know the businesses, manage the inherent risks and deliver superior returns. 

SMIC’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas Consolidated Mining and Development Corporation, in community mall chain CityMall, office towers under the NEO Subsidiaries and Neo Associates, in logistics firm 2GO Group, in the country’s leading bakeshop Goldilocks,  and in Philippines Urban Living Solutions, Inc, the largest co-living provider in the country which manages and operates MyTown .

In 2019, SMIC entered into a joint venture with Grab Philippines as part of the company’s move toward end-to-end solutions and digital innovations in its businesses.

Core Investments

77.3%

SM Retail
Inc.

49.7%

SM Prime
Holdings

45.3%

BDO
Unibank

22.6%

China Banking
Corporation

Equity Investments

26.4%

Belle Corp.

34.1%

Atlas Mining

34.0%

CityMall

30.5%

2GO Group

63.3%

MyTown

95.0%

NEO Subsidiaries

34.0%

NEO Associates

35.0%

AirSpeed

34.5%

GrabPay

34.1%

Goldilocks

Vision

To build world-class businesses that are catalysts for development in the communities we serve

Mission

We will partner with our host communities to provide a consistently high standard of service to our customers, look after the welfare of our employees and deliver sustainable returns to our shareholders, at all times upholding the highest standards of corporate governance in all our businesses.