Globe Telecom: Consider Regulatory Uncertainty And Monetization Potential (Rating Downgrade)

The Value Pendulum
Investing Group Leader
(7min)

Summary

  • I lower Globe Telecom's rating to a hold, following my evaluation of its core telecommunications business's policy headwinds and the value-unlocking opportunities for its non-core assets.
  • GTMEF might have to contend with increased costs and stiffer competition as a result of the new Connected Filipino Bill.
  • There are possible re-rating triggers for GTMEY in the form of public listings and asset sales.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Selective focus of Philippine flag in blurry world map and wooden airplane model. Philippines as travel and tourism destination concept.

John Kevin/iStock via Getty Images

I'm revising my view of Globe Telecom (OTCPK:GTMEY) (OTCPK:GTMEF) (GLO.PS) to Neutral. My prior November 13, 2024, article analyzed its 3Q24 financials.

GTMEF's rating is lowered from Buy to Hold. The group could be hurt

Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e., buying assets at a discount, e.g., net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e., buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get started today!

This article was written by

The Value Pendulum
12.78K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About GTMEY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on GTMEY

Related Stocks

SymbolLast Price% Chg
GTMEF
--
GTMEY
--
Compare

Trending Analysis

Trending News