{"id":329930,"date":"2024-10-15T10:56:40","date_gmt":"2024-10-15T02:56:40","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329930"},"modified":"2024-10-15T10:56:42","modified_gmt":"2024-10-15T02:56:42","slug":"trade-the-news-gcash-to-surpass-globe-telecoms-valuation","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-gcash-to-surpass-globe-telecoms-valuation\/","title":{"rendered":"Trade the News: GCash to surpass Globe Telecom’s valuation"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Globe Telecom<\/td><\/tr>
Stock Code<\/strong><\/td>GLO<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/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

E-wallet giant GCash is likely to exceed parent firm Globe Telecom Inc.\u2019s valuation, given its rapid growth.<\/p>\n\n\n\n

Speaking at the 20th anniversary celebration of GCash on Thursday night, Globe president and CEO Ernest Cu said GCash has achieved an impressive set of milestones.<\/p>\n\n\n\n

\u201cImagine this little child of ours, which occupied a small number of square meters in the Globe Tower, its valuation is now close to the mother company,\u201d he said.<\/p>\n\n\n\n

\u201cAnd I think given the growth potential, it could very well be that one day our fintech business will be larger in market cap than our telco business,\u201d he said further.<\/p>\n\n\n\n

From a $100 million valuation in 2017 after Chinese fintech giant Ant Financial Services Group took a substantial stake, GCash\u2019s valuation has now risen to $5 billion following investments from Mitsubishi UFJ Financial Group, the largest banking network in Japan.<\/p>\n\n\n\n

Globe\u2019s market value, meanwhile, stands at around $6 billion.<\/p>\n\n\n\n

GCash president and CEO Martha Sazon told reporters that if the fintech player continues its growth, its valuation may reach the same as Globe\u2019s in the next few years.<\/p>\n\n\n\n

\u201cMaybe if we continue with our double-digit growth, hopefully, we will reach the same level,\u201d she said.<\/p>\n\n\n\n

With GCash now having 94 million users, she said the focus is to increase the frequency of use.<\/p>\n\n\n\n

(News Source: Philippine Star<\/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-329930","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\/329930","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=329930"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329930\/revisions"}],"predecessor-version":[{"id":329932,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329930\/revisions\/329932"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}