SM Development Corp., the residential property venture of the Sy family, on Tuesday said its net income likely zoomed to P641 million in the first quarter of 2007 due to gains from the stock market.
***If this is so, projections will go likely that it will finish with a 2 Billion income for the year. Market cap of this giant is only at 12.2B, making it very undervalued. It's a good buy. Today, it gained 0.20, closing at 4.35 (+4.82%). Buy it on technical strength.
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