First Metro Securities bullish on SM Prime Holdings as a long-term buy

First Metro Securities Brokerage Corp. of the Metrobank Group has issued a buy recommendation for SM Prime Holdings (SMPH), as reported by Philstar Biz.

The brokerage expressed confidence in SMPH's upside prospects despite a sluggish local equity market and investor caution over negative global developments. The recommendation highlights the stock's potential for long-term value.

Analysts from First Metro Securities see SM Prime Holdings as a resilient player capable of weathering current market headwinds, making it an attractive buy for equity investors seeking sustained returns.