SMIC bullish about portfolio investments

By Brix Lelis

Oct 05, 2023 12:22 am

SM Investments Corp. (SMIC) is confident that portfolio investments, particularly in the logistics and geothermal businesses, will contribute more than 10 percent to overall profit in the medium term.

Timothy Daniels, SMIC consultant for investor relations and sustainability, said the conglomerate was aiming to sustain the growth momentum of their portfolio investments — or the stocks, bonds and other financial assets held by the company — over the next few years.

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