[This year's profit] growth would mainly come from the full-year contribution of the new malls and the opening of its largest mall -- the Mall of Asia. |
We believe it was high time to deal with such threats in a decisive manner. This should thus help Arroyo's ability to govern moving forward. |
We believe that SM Prime deserves to trade at a premium, given its dominant position in the retail industry, strong earnings prospects and healthy balance sheet. |