MANILA, Philippines - SM Investments Corp. (SM) was cited by Hong Kong magazine as a winner of the Platinum Award, the highest award for excellence in financial performance, corporate governance and investor relations for several years running.
SM has won the Platinum Award from The Asset for the seventh straight year.
“We are grateful to The Asset Magazine for this prestigious award, and we are only encouraged to work harder to continuously raise the bar,” Franklin C. Gomez, senior vice president for finance who received the award on behalf of SM said.
BDO Unibank, Inc.and SM Prime Holdings Inc. received Platinum Awards for the same categories. BDO and SM Prime have been excellence awardees of The Asset for the past six years.
The Platinum Awards were given to a total of 57 elite companies based in Asia engaged in diversified businesses that have shown outstanding financial performances as well as distinction in corporate governance.
Awardees include the likes of China Telecom Corp., CNOOC, Lenovo Group, Li & Fung, and Sun Hung Kai Properties.
Aside from financial performance and corporate governance, companies were assessed based on a range of metrics such as the quality of their social responsibility, environmental responsibility and investor relations.
The awarding was held last Dec. 11 at the Four Seasons in Hong Kong.
SM Investments is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development.
SM has evolved into one of the highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.
SM’s retail operations enjoy a strong brand franchise consisting of The SM Store and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores.
SM’s property arm, SM Prime Holdings, Inc. is among the largest integrated property developers in Southeast Asia with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corp. (China Bank), the fifth largest. Combined, these two banks have a network of over 1,000 branches nationwide.
SM has become one of the largest market capitalized companies listed on the Philippine Stock Exchange, a testament to its ability to deliver steady high earnings and asset growth, sound financial management that creates value for all its stakeholders.