SMPH has announced yesterday the opening of its new Mall in Bicol Region this Friday, October 28, 2022.

This new mall, which is located at the heart of Sorsogon City in the Sorsogon Province, spans 40,000 square meters (sqm) of gross floor area (GFA) providing two levels of shopping, dining, and entertainment destinations that will further boost the city and province’s socioeconomic, cultural and leisure activities.

Along the Maharlika Highway in the Balogo East District of Sorsogon City, Sorsogon, is where you can find SM City Sorsogon. This mall boasts of sophisticated in-mall features and a market-driven tenant mix, and it will debut with 85% of its leased space awarded.

The opening lineup for SM City Sorsogon includes The SM Store, SM Supermarket, Watsons, Miniso, Surplus Shop, Ace Hardware, Sports Central, SM Appliance, BDO, Levi’s, and Crocs. Other notable retailers include Watsons, Miniso, Surplus Shop, BDO, Levi’s, and Crocs.

“SM City Sorsogon is our fourth mall in the Bicol Region, which comes after SM City Naga, SM City Legazpi, and SM City Daet. We are truly grateful for the trust and support of our fellow Bicolanos as we continue to expand our reach in the region,” Mr. Lim added.

SM City Sorsogon is SM Prime’s 81st mall in the Philippines. The Company has now 57 malls in the provincial areas of the country and 24 malls in Metro Manila


SMPH stock price is currently at 33 pesos per share as of this writing, following the latest run up of stock prices in the PSE market.

SMPH Stock Chart

The third quarter earning results for PSE listed company Wilcon came out strong with 77.75% upward performance as compared last year.

This brought in a 1.1 Billion pesos earnings for the company with 482Million pesos year over year income, which proved its resilience over time that majority of our stocks are fighting the effect of inflation.

Its Metro Manila stores brought a strong recovery bringing in a net sales of 8.78 Billion, 32.6% or P2.158 billion higher than the 2021 third quarter sales.

Gross profit hiked by 37.4% or P941 million year-on-year to total P3.459 billion. The increase was driven mainly by the rise in the gross profit margin rate to 39.4% from 38.0% in 2021 as the contribution of higher margin products increased from 49% to 51%.

“Wilcon once again delivers a banner quarter going from strength to strength coming off a stellar second quarter. The complete turnaround of our stores from the slight slump in the third quarter of last year, propelled comparable sales growth to 23.5% year-on-year,” said Wilcon’s President and CEO, Lorraine Belo-Cincochan.

She added, “This is the re-opening scenario that we hoped to happen last year but was stymied by the Delta variant surge. A lot more private construction has indeed resumed this year, particularly those that were delayed due to mobility restrictions and lack of manpower, inflation notwithstanding. And we were ready to serve our market, we were able to provide our customers with the widest selection of products and our usual excellent customer experience since we have prepared well for this re-opening.”

Operating expenses including lease-related interest expense as a result of higher volume of business also increased by 19.7% or P351 million to close at P2.134 billion for the quarter.

Stock price of Wilcon jump by 1.75% and closed to 29 pesos per share.

WILCON stock price