notes: SMC/SAN MIGUEL CORPORATION

31 AUG 2018

COLFINANCIAL did a simulation (San Miguel Corporation: A cheaper way to own FB?) of an SMC valuation given a certain FB price ... and here is what COL targeted for SMC:

at FB: 86 ... SMC target price: 168.50
at FB: 94 ... SMC target price: 182.75
at FB: 100 ... SMC target price: 193.44
at FB: 140 ... SMC target price: 264.69