{"id":330390,"date":"2024-11-14T00:46:45","date_gmt":"2024-11-13T16:46:45","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330390"},"modified":"2024-11-14T09:21:08","modified_gmt":"2024-11-14T01:21:08","slug":"trade-the-news-pldt-and-first-pacific-group-keen-on-increasing-stake-in-maya-says-mvp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-pldt-and-first-pacific-group-keen-on-increasing-stake-in-maya-says-mvp\/","title":{"rendered":"Trade the News: PLDT and First Pacific Group keen on increasing stake in Maya, says MVP"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>PLDT Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>TEL<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 1,770.57<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Manuel V. Pangilinan said PLDT and the First Pacific Group are keen on increasing their ownership in financial technology firm Maya, a competitor of payments giant GCash, potentially taking even majority control should foreign investors decide to exit.<\/p>\n\n\n\n

\u201cWith First Pacific we own about 40 percent [of Maya]. We don\u2019t mind going up, raising our stake,\u201d Pangilinan, the chair and CEO of PLDT, told InsiderPH on Tuesday.<\/p>\n\n\n\n

Maya turning profitable<\/strong><\/p>\n\n\n\n

Maya, a payments processor and digital bank, is on track to \u201cbe at least breakeven if not positive\u201d by the end of 2024, Pangilinan said.<\/p>\n\n\n\n

PLDT noted that Maya losses have been declining this year, from P400 million in the first quarter to P200 million by the third quarter of 2024.<\/p>\n\n\n\n

\u201cNext year, their forecast will show a profit. But not as much as GCash,\u201d Pangilinan said, adding that he believes in the long-term prospects of the company.<\/p>\n\n\n\n

\u201cWe\u2019ve held on to it for five, six years. It won\u2019t be as profitable as GCash but at least it\u2019s making money,\u201d he said.<\/p>\n\n\n\n

MVP eyes possible deal in 2025<\/strong><\/p>\n\n\n\n

Apart from PLDT and First Pacific, investors in Maya include China\u2019s Tencent, KKR, International Finance Corp., EDB Investments, Susquehanna International Group.
Pangilinan said there were no definite talks with the groups at the moment.<\/p>\n\n\n\n

However, he noted that some of the earlier investors might be keen on selling in 2025 to unwind their positions.<\/p>\n\n\n\n

\u201cThere might be [interest to sell] next year, it\u2019s already been five years,\u201d Pangilinan said.<\/p>\n\n\n\n

Growing deposits, loans<\/strong><\/p>\n\n\n\n

As of Sept. 30 this year, Maya Bank\u2019s deposits reached P36 billion while its customer base expanded to 4.5 million.<\/p>\n\n\n\n

Loan disbursements hit P67 billion, with strong uptake for consumer and small business credit offerings.<\/p>\n\n\n\n

(News Source: InsiderPH<\/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-330390","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\/330390","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=330390"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330390\/revisions"}],"predecessor-version":[{"id":330422,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330390\/revisions\/330422"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}