MAYBANK Investment Banking Group has singled out Sy family-led SM Investments Corp. (SM) as its top pick for the country’s conglomerates sector next year given expected gains from a continued improvement in the Philippines’ macroeconomic environment.
“Our top pick and hero in the conglomerate sector is SM as we expect the group to perform well as the macroeconomic environment improves,” Maybank said in a report on Wednesday.
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