{"id":330274,"date":"2024-11-07T00:36:36","date_gmt":"2024-11-06T16:36:36","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330274"},"modified":"2024-11-07T00:36:38","modified_gmt":"2024-11-06T16:36:38","slug":"trade-the-news-plus-continues-winning-streak-with-p8-75-billion-profit","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-plus-continues-winning-streak-with-p8-75-billion-profit\/","title":{"rendered":"Trade the News: PLUS continues winning streak with P8.75-billion profit"},"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>DigiPlus Interactive Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>PLUS<\/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 26.26<\/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>DigiPlus Interactive Corporation (PLUS) registered a 314% surge in net income to P8.75 billion in the first nine months of the year compared to the same period of 2023.<\/p>\n\n\n\n<p>In a disclosure tothe Philippine Stock Exchange, the firm said its strong performance was driven by the robust growth of the retail games segment, introduction of new product offerings, and cost efficiencies.<\/p>\n\n\n\n<p>Over the past year, DigiPlus launched diversified offerings that cater to a broader spectrum of demographics, driving higher user engagement, attracting new customer segments, and contributing to substantial revenue growth.<\/p>\n\n\n\n<p>Revenues soared 223% to P51.56 billion from P15.98 billion. EBITDA, on the other hand, reached P9.34 billion, jumping 271 percent from P2.52 billion in the previous year.<\/p>\n\n\n\n<p>In the third quarter, DigiPlus posted a net income of P3.52 billion, expanding 247 percent from a year ago, as revenues jumped 171 percent from its year-ago level to P19 billion on higher user traffic combined with fresh contribution from new game offerings.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/mb.com.ph\/2024\/11\/5\/digi-plus-continues-winning-streak-with-p8-75-b-profit\">Manila Bulletin<\/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-330274","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\/330274","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=330274"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330274\/revisions"}],"predecessor-version":[{"id":330276,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330274\/revisions\/330276"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}