{"id":332769,"date":"2025-06-05T01:06:12","date_gmt":"2025-06-04T17:06:12","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332769"},"modified":"2025-06-05T01:06:14","modified_gmt":"2025-06-04T17:06:14","slug":"trade-the-news-gcash-ipo-buzz-heats-up-as-mynt-splits-stock","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-gcash-ipo-buzz-heats-up-as-mynt-splits-stock\/","title":{"rendered":"Trade the News: GCash IPO buzz heats up as Mynt splits stock"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Globe Telecom Inc. <\/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 2,438.73<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Globe Telecom Inc. (GLO) announced that its board and shareholders had approved a stock split transaction for Globe Fintech Innovations Inc. or Mynt.<\/p>\n\n\n\n

In this transaction, the company will increase the number of its common shares to 71.66 billion from 2.15 billion. However, the par value will be cut to P0.03 per share from P1.<\/p>\n\n\n\n

The authorized capital stock post-transaction will remain at P2.15 billion.<\/p>\n\n\n\n

\u201cTheoretically, stock splits do not alter the company\u2019s value, but may alter perception by making the stock more liquid and affordable to investors,\u201d Regina Capital Development Corp. head of sales Luis Limlingan explained.<\/p>\n\n\n\n

Related to this, Chinabank Securities research director Rastine Mackie Mercado told the Inquirer this \u201ccould be viewed as part of the process of GCash\u2019s prospective IPO.\u201d<\/p>\n\n\n\n

In the first quarter, Globe received P1.8 billion\u2014up 86 percent\u2014in equity earnings from Mynt. GCash, which currently has 94 million users, has been expanding its financial services from the typical money transfers to include stocks trading and even cryptocurrency, among others.<\/p>\n\n\n\n

Last April, Globe chief financial officer and treasurer Carlo Puno said the company has been gearing up to be \u201cpush-button ready\u201d for the IPO launch. But Puno stressed the need to evaluate the market first before doing so.<\/p>\n\n\n\n

Analysts have expressed optimism on GCash finally making its market debut, especially after achieving a $5-billion valuation last year.<\/p>\n\n\n\n

(News Source: Philippine Daily Inquirer<\/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\n\n\n

<\/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-332769","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\/332769","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=332769"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332769\/revisions"}],"predecessor-version":[{"id":332771,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332769\/revisions\/332771"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}