SY-LED conglomerate SM Investments Corp. (SMIC) is "cautiously optimistic" about prospects next year in the face of ongoing geopolitical and global challenges, a top executive said late on Wednesday.

"We are cautiously optimistic because there is geopolitical, there is climate change; so many things are not predictable," SMIC Vice Chairman Teresita Sy-Coson told reporters at the sidelines of a corporate event in Makati.

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