{"id":329603,"date":"2024-09-23T09:44:12","date_gmt":"2024-09-23T01:44:12","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329603"},"modified":"2024-09-23T09:44:14","modified_gmt":"2024-09-23T01:44:14","slug":"trade-the-news-glo-sees-rise-in-cable-theft-in-greater-manila-area","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-glo-sees-rise-in-cable-theft-in-greater-manila-area\/","title":{"rendered":"Trade the News: GLO sees rise in cable theft in Greater Manila area"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEGATIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Globe Telecom Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>GLO<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 2,689.32<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Telecommunications firm Globe Telecom (GLO) reported that a significant chunk of all cable thefts in the country occurred in the Greater Manila Area (GMA) in the first half of 2024, followed by the Visayas and Southern Luzon.<\/p>\n\n\n\n

In a report on Wednesday, the telecommunications giant said there was an average of 245 cable theft incidents per month in the first half of the year, with a total of 1,472 cases across the country.<\/p>\n\n\n\n

GMA has 906 incidents during the period, followed by the Visayas with 179, Southern Luzon with 135, Northern Luzon with 125, and Mindanao with 119.<\/p>\n\n\n\n

Joel Agustin, Globe\u2019s head of service planning and engineering, said cable theft causes significant disruptions in internet connectivity and sets back the company\u2019s efforts to expand its network reach.<\/p>\n\n\n\n

\u201cEach time a thief cuts even one cable for their own selfish motives, hundreds of our customers\u2013 individuals and businesses\u2013 are affected, including those engaged in the delivery of essential services. The impact is, thus, magnified,\u201d Agustin said.<\/p>\n\n\n\n

He called on the public to be vigilant and report cases of cable theft to the nearest barangay or police station.<\/p>\n\n\n\n

\u201cBy working together, Globe and the community can combat this problem and ensure continuous service for all,\u201d he said.<\/p>\n\n\n\n

(News Source: Philippine News Agency<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329603","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329603"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329603\/revisions"}],"predecessor-version":[{"id":329605,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329603\/revisions\/329605"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}