{"id":329974,"date":"2024-10-17T01:03:42","date_gmt":"2024-10-16T17:03:42","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329974"},"modified":"2024-10-17T01:03:44","modified_gmt":"2024-10-16T17:03:44","slug":"trade-the-news-cnvrg-tapped-to-connect-600-hectare-industrial-park-in-batangas","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-cnvrg-tapped-to-connect-600-hectare-industrial-park-in-batangas\/","title":{"rendered":"Trade the News: CNVRG tapped to connect 600-hectare industrial park in Batangas"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Converge ICT Solutions, Inc.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>CNVRG<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 18.67<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>First Philippine Holdings Corp. (FPH) has tapped Converge ICT Solutions, Inc. (CNVRG) to provide connectivity solutions for First Philippine Industrial Park\u2019s (FPIP) 600-hectare (ha) industrial park hub in Batangas.<\/p>\n\n\n\n<p>In a joint statement, the two parties said the collaboration would allow Converge to take advantage of FPIP\u2019s dark fiber, enabling fiber connectivity to over 150 locators of FPIP\u2019s industrial park.<\/p>\n\n\n\n<p>They said the commercial agreement between FPIP and Converge would also allow FPIP to adapt to technologies like cloud services, cybersecurity solutions, and digital collaboration tools.<\/p>\n\n\n\n<p>Converge Chief Executive Officer Dennis Anthony H. Uy said it is necessary to deliver connectivity solutions to industrial parks like FPIP because they are the driver of economic growth and critical in bringing foreign investments.<\/p>\n\n\n\n<p>First Philippine Holdings, together with Japan\u2019s Sumitomo Corp., established FPIP as a location for manufacturers and traders, as well as a platform for creating jobs and generating tax revenues for the government.<\/p>\n\n\n\n<p>FPIP has established a shared infrastructure through investments in dark fiber facilities. This has allowed FPIP to maximize its existing underground infrastructure and facilitate deployment of fiber internet services for their locators.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/www.bworldonline.com\/corporate\/2024\/10\/16\/628042\/converge-tapped-to-connect-600-ha-industrial-park-in-batangas\/\">Business World<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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-329974","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\/329974","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=329974"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329974\/revisions"}],"predecessor-version":[{"id":329976,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329974\/revisions\/329976"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}