SM Investments is the Sy family holding company and the largest private company in the Philippines, with dominant positions in retail (SM Supermalls — the largest mall developer in Asia by floor area in one country), banking (BDO and China Bank stakes), and property (SM Prime). This breadth creates a self-reinforcing ecosystem: SM malls anchor residential developments, which drive bank account openings, which fund retail purchases. The Philippines' consumer spending growth trajectory — underpinned by OFW remittances and BPO employment — directly powers SM's revenue streams.
Thesis reviewed May 29, 2026
SM Investments Corporation is headquartered in Philippines, which is currently showing elevated risk signals.
🇵🇭Philippines77NEUTRALView Philippines risk detail →🛍Consumer33NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| JD | JD.com Inc | 36 | +13% | ↑2% | EARLY |
| LI | Li Auto Inc | 36 | +7% | ↑2% | NEUTRAL |
| NIO | NIO Inc | 36 | -10% | ↑2% | AVOID |
| BTI | British American Tobacco PLC | 36 | +14% | ↑2% | EARLY |
| DEO | Diageo PLC | 36 | +8% | ↑2% | NEUTRAL |
| RACE | Ferrari NV | 36 | +17% | ↑2% | EARLY |
| TM | Toyota Motor Corporation | 36 | +12% | ↑2% | EARLY |
Investors who hold SM may also have indirect exposure through these country funds.
SM Prime opens 4 new malls in Visayas and Mindanao; lease occupancy at 97%
BDO net income +15% YoY; SM stake value increases on record earnings
SM Supermalls e-commerce integration drives 25% increase in omnichannel spending
Estimates · Yahoo Finance · Not audited figures