New Telco Battle Heats Up: DITO Versus Converge ICT

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Special Report: New Telco Battle Heats Up (DITO vs. Converge ICT)

Highlights: DITO disclosed it will not be able to do a technical launch on July 8 as they only have 300 cell sites vs. the 1,300 needed. Meanwhile, Converge ICT has filed for a PHP 36 Billion Initial Public Offering (IPO) tentatively slated in October 2020. We will have to wait for further developments on both CICT and DITO, but looking at the price chart of the incumbents TEL and GLO, the price action has been...

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Technical Analysis (For Short-Term Traders looking for Price Resistance and Support)

  • Technicals Talk: Altus Property Ventures Inc. (APVI) || Price Support: PHP x1.60 || Price Resistance: PHP x9.50
  • Technicals Talk: APX Mining Company Inc. (APX) || Price Support: PHP 1.2x || Price Resistance: PHP 1.4x
  • Technicals Talk: Cebu Air Inc. (CEB) || Price Support: PHP x1.00 || Price Resistance: PHP x5.00

Fundamental Analysis (For Long-Term Holders waiting for 1-Year Target Prices)

  • Stock in Focus: Banco de Oro (BDO) || Recommendation: BUY || 1-Year Target Price: PHP 1xx.30
  • Stock in Focus: Jollibee Foods Corp. (JFC) || Recommendation: HOLD || 1-Year Target Price: PHP 1xx.40
  • Stock in Focus: Megaworld Corp. (MEG) || Recommendation: BUY || 1-Year Target Price: PHP x.05

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