SM Investments Corp ADR (SMIVY)

SM Investments Corporation, together with its subsidiaries, invests in retail, banking, and property businesses in the Philippines. The company operates through Property, Retail, Banking, and Portfolio Investments segments. The Property segment develops, conducts, operates, and maintains commercial shopping centers, amusement centers, and cinema theaters within the shopping centers; develops and transforms residential, commercial, entertainment, and tourism districts; and operates hotels and convention centers. The Retail segment engages in the retail and wholesale trading of various merchandise, such as dry goods, wearing apparels, food, and other merchandise. The Banking segment offers lending and deposit-taking products; foreign exchange, brokering, corporate cash management, and remittances services; trust and investments; credit cards; and investment banking, securities broking, insurance broking, and thrift bank. The Portfolio Investments segment develops resort destinations and leisure properties; engages in metallic mineral exploration and mining activities; develops office buildings; and provides shipping and logistic solutions. This segment develops and operates dormitories; develops and operates community malls; provides baked goods and home cooked food; offers end-to-end logistics solutions and express courier services; and operates geothermal steam fields. It is also involved in leasing of office buildings business. SM Investments Corporation was founded in 1958 and is based in Pasay City, the Philippines.