SMIC, BDO seen sustaining growth

By Brix Lelis

Nov 27, 2023 12:32 am

SM Investments Corp. (SMIC) and subsidiary BDO Unibank Inc., are expected to sustain their upward momentum this year and the next on continued retail growth and loan expansion, Maybank Investment Banking Group said.

In a report, Maybank said SMIC was likely to deliver 25-percent net income growth for 2023 and a 14-percent increase next year while BDO was projected to book income growth of 17.5 percent this year and 7.4 percent in 2024.

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