FREE Market Commentary: Government wants 3rd telco in the Philippines

PinoyInvestor’s “Market Views and Commentaries” highlight our partner brokers’ analysis and opinion on a range of stock market issues and events. Be ahead of other investors by reading these reports to understand how our partner stockbrokers view important issues and how these events impact the stock market.

 

Market Issue or Event

Government Wants 3rd Telco Operational by Next Year

The Department of Information and Communications Technology (DICT) says that the third telco should be operating by mid-2018. According to previous reports, China Telecom was picked by China to invest in the Philippines but a Philippine telco partner has yet to be selected.

 

Our Partner Broker’s View and Commentary

With the government fast-tracking the entry of a third telco player to break the duopoly of TEL (Target Price: PHP 1,735.50) and GLO (Target Price: PHP 2,170.00), we expect continued weakness for both companies’ share price.

While nothing is still definite, the negative sentiment will likely keep both stocks resuming their downward trend. We would prefer to avoid the sector for now.

 

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

AP Securities (formerly Angping & Associates Securities)
AP Securities (formerly Angping & Associates Securities)

AP Securities (formerly Angping & Associates Securities) is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.