SMPH is followed by Banco De Oro Unibank, Inc. (BDO) with 13,886,000 shares traded at a value of P631 million. At number three was Ayala Corporation (AC) with 1,689,000 shares at a value of P550 million.

COmpleting the top 10 active stocks are:

Philippine Long Distance Telephone Company “COmmon” (TEL)
Universal Robina Corporation (URC)
Aboitiz Power Corporation (AP)
Energy Development Corporation (EDC)
Manila Electric Company (MER)
Ayala Land Inc., (ALI)
SM Investments Corporation (SM)

This is according to SMIC and SMPHI chief finance officer Jose Sio yesterday who talked to reporters after he was named CFO of the Year by the Financial Executives Institute of the Philippines.

Sio said the they are still trying to decide whether to list the unit in Shanghai, Hong Kong or Singapore noting that while they do not have operations in Singapore, they have a bigger equities market there.

Currently Mega Make Enterprises Limited (BVI) holds SM’s Xiamen and Chengdu malls, Affluent Capital Enterprises Limited (BVI) holds the mall in Jin Jiang, SM Land (China) Limited (HK) holds mall properties in Chongqing, Suzhou, Zibo.

However, SM Prime intends to eventually restructure its China investments and consolidate all assets in SM Land in preparation for its eventual initial public offering and listing overseas.