SM Prime Holdings, Inc. (SMPH) top executives together with The Philippine Stock Exchange, Inc. (PSE) board and management commemorated SMPH’s silver listing anniversary with a special bell ringing ceremony at the PSE headquarters on Friday.
“SM Prime Holdings has had a stellar performance in the stock market since its debut on this day in 1994. Three months after its listing, the company already became a constituent of the main index and has consistently been part of the PSE index since then. And as you may know, SM Prime holds the record as the first domestic company to reach a market capitalization of P1 trillion. This feat was accomplished on June 9, 2017. And just two months ago, the company posted its highest market cap at P1.20 trillion. This is definitely a long way from the P35 billion market cap it registered on its first trading day,” said PSE Chairman Jose T. Pardo in his welcome remarks during the event.
“The growth in the company’s value is a reflection of SM Prime’s expansion in the last two decades,” added Mr. Pardo.
Shown in the photo (from left): Shown in the photo (from left): SM Development Corporation Project Director Ms. Jan Catherine Sy; SM Engineering Design and Development President Mr. Hans Sy, Jr.; SM Investments Corporation Chairman Jose T. Sio; SMPH Advisor to the Board Ms. Teresita T. Sy-Coson; SMPH Independent Director Joselito H. Sibayan; SMPH Director and President Jeffrey C. Lim; SMPH Chairman Henry T. Sy, Jr.; PSE Chairman Jose T. Pardo; PSE Directors Messrs. Edgardo G. Lacson, Eddie T. Gobing, Emmanuel O. Bautista: PSE Chief Operating Officer Mr. Roel A. Refran; PSE Directors Messrs. Alejandro T. Yu, and Wilson L. Sy.