{"id":331570,"date":"2025-02-20T22:56:41","date_gmt":"2025-02-20T14:56:41","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331570"},"modified":"2025-02-20T22:56:44","modified_gmt":"2025-02-20T14:56:44","slug":"trade-the-news-plus-earmarks-up-to-p3b-for-2025-capex","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-plus-earmarks-up-to-p3b-for-2025-capex\/","title":{"rendered":"Trade the News: PLUS earmarks up to P3 Billion for 2025 capex"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>DigiPlus Interactive Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>PLUS<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 33.13<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

DigiPlus Interactive Corp. (PLUS) is allocating up to P3 billion for its capital expenditures (capex) this year as it pursues further expansion.<\/p>\n\n\n\n

\u201cIt\u2019s P2.5 billion to P3 billion for 2025. This includes maintenance capex for the Philippines,\u201d DigiPlus Vice-President for Investor Relations Celeste M. Jovenir said at a recent media briefing. The 2025 capex budget exceeds last year\u2019s allocation of P1.5 to P2 billion.<\/p>\n\n\n\n

DigiPlus doubled its registered user base in 2024 to over 40 million, up from 20 million in 2023, driven by new game offerings.<\/p>\n\n\n\n

Asked about the company\u2019s Brazil expansion, Ms. Jovenir said it has yet to finalize the total capex allocation.<\/p>\n\n\n\n

\u201cFor the rest of the capex for Brazil, we haven\u2019t determined it yet because we\u2019re still finalizing the plans and building the team,\u201d she said.<\/p>\n\n\n\n

DigiPlus previously earmarked P660 million for the first three months of its planned Brazil expansion.<\/p>\n\n\n\n

\u201cThe P660 million includes the license and operating expenses for the first three months,\u201d Ms. Jovenir said.<\/p>\n\n\n\n

The company\u2019s Brazil operations, expected to launch by late 2025, will initially focus on sports betting through the Arena Plus platform.<\/p>\n\n\n\n

DigiPlus is also exploring a potential local partnership for its Brazil expansion and has engaged a Brazilian investment bank to identify possible partners.<\/p>\n\n\n\n

In January, DigiPlus announced that its subsidiary, DigiPlus Brazil Interactive Ltda., secured a gaming license from the Brazilian Ministry of Finance\u2019s Secretariat of Prizes and Bets.<\/p>\n\n\n\n

The license allows DigiPlus to operate land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities in Brazil.<\/p>\n\n\n\n

(News Source: Business World<\/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-331570","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\/331570","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=331570"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331570\/revisions"}],"predecessor-version":[{"id":331572,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331570\/revisions\/331572"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}