SM Prime Keeps Bull, Helped by Robust Mall Leasing -- Market Talk

Dow Jones
02/19

0333 GMT - SM Prime Holdings retains its buy rating from Maybank Securities as its key catalysts including robust mall leasing look intact, analyst Raffy Mendoza says in a research report. The Philippine company's mall leasing business increased its operating income contribution to 69% in 2025 from 62% in 2024, the analyst notes. The property developer's organic growth could probably capture the country's recovering middle-class segment, which benefits from controlled inflation, stable remittances and sustained wage growth. However, the brokerage cuts its 2026 earnings forecast for SM Prime by 4% to reflect its 2025 results and lowers the stock's target price to PHP40.00 from PHP41.50. Shares are 0.2% higher at PHP21.35. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 18, 2026 22:33 ET (03:33 GMT)

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