SM Prime Holdings, Inc. (SPHXF) Research

SM Prime Holdings, Inc., along with its various subsidiaries, operates as a prominent property developer throughout the Philippines, China, and the wider Southeast Asian region. The company organizes its diverse activities across four main divisions: Mall, Residential, Commercial, and Hotels and Convention Centers. Its mall operations encompass the management, maintenance, and leasing of commercial retail centers, which often integrate entertainment facilities and cinema theaters. The company currently oversees 78 malls in the Philippines and an additional 7 shopping malls situated in China. Furthermore, SM Prime Holdings focuses on the creation and sale of a variety of residential properties, including condominium units, leisure residences, and resort developments. It also undertakes the development, management, and leasing of office buildings. The hospitality sector involves the operation and upkeep of hotels and specialized convention centers. As of December 31, 2021, its portfolio included nine hotels boasting a total of 2,200 rooms, five convention centers, and two trade exhibition halls. The company was founded in 1994 and is headquartered in Pasay City, the Philippines.

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