The Philippine stock market closed at 6,340 last Friday, 0.27% down from the previous trading day. Property sector having the heaviest loss while only holding corporations earned some gains. But so much of the market, today's highlight is the four telco Giants- GLO, PLDT, CNVRG, and DITO. this monopolistic oligopoly industry have been a talk of the town because of its drastic performances. As a long term investor, I know that the top 3 big giants are a safe bet but reviewing their 5 year performance seems alarming. DITO, isn't part of my portfolio to begin with, but I'm adding in its chart anyway.
A quick disclaimer: my stockmarket journey isn't long enough yet as I only started in the late months of 2022. So consider this as a beginner's point of view.
Globe Telecom
When I entered the market, I remember GLO was at a stable price of 2,000+ per share. It also gives a consistent quarterly dividends of P25.00/sh. Although it's dividend yield is only about 4-6% annually, the consistency and predictable of its dividends made it attractive to conservative investors. I held on this stock from 2023 to early 2024 when the price skyrocketed to 2,500/sh. Currently, the price sits at P1,674/sh giving the same dividends as the previous years. I consider this stock as one of the bargain stocks but with pre cautions.
PLDT
This stock is one that captures both traders and investors because of its stock price volatility and high yield dividends. This stock sit at P1,800/sh for quite some time. Unfortunately, the management was hit with inside trading scandal last year, pulling the price close to only P1,000/sh. Since then, it had a hard time going back to its glorious P1,500/sh. But to me, it's fundamentals are still great so I still find this stock attractive for long term.
Converge
Cnvrg is considered relatively new in the industry despite being in the stock market for quite some time. Consumers have been largely divided by either Globe or PLDT users. But just recently, I've been noticing more converge users. As for their stock price, for a time it was being hyped by major players. Additional, they just started giving 2% dividends starting 2024. This stock has a long way to go.
DITO
The fourth and last telco player is DITO which unfortunately, didn't materialized well. With a huge debt in their financials, I wouldn't be surprised if the other 3 players will one day buy this company. During pandemic, this was heavily hyped and many traders earned profit too.
Currently, I'm holding GLO, PLDT, and CNVRG. I can't wait to see how these stocks turn out in the future.
That's it for today's blog. Till my next one :)