Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

SM Investments Dislodges PLDT as Most Valuable Philippine Stock

SM Investments Corp. has supplanted Philippine Long Distance Telephone Co. as the nation’s biggest stock with the fastest economic growth in two years tilting consumer spending in favor of homes and leisure over mobile phone use.

SM Investments, the holding company of the country’s richest man Henry Sy, rose 0.2 percent at the close in Manila, boosting its market capitalization to 549.5 billion pesos ($13.4 billion), compared with a value of 546.6 billion pesos for Philippine Long Distance, or PLDT.

Shares of SM Investments have rallied 51 percent this year as the fastest economic expansion since 2010 boosted profits at the company’s retail, property and banking ventures. PLDT, the nation’s largest phone company, trailed with a 1.3 percent gain as rising competition and a shift from calls and text messages to social media offered by Facebook Inc. and Twitter Inc. squeezed earnings.

Manila-based SM Investments owns the nation’s biggest grocery and department store operators. It also owns BDO Unibank Inc., the largest bank by assets, and SM Prime Holdings Inc., which operates 46 shopping centers in the Philippines and five in China.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.