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home / news releases / GTMEY - Globe Telecom: Strong Momentum Probable Less Competition

GTMEY - Globe Telecom: Strong Momentum Probable Less Competition

Globe Telecom Inc ADR
  • Globe Telecom’s stock has a 1-month price return of +45.40%. I am still endorsing it as a buy.
  • Globe Telecom hiked its 2021 capex to $1.52 billion.
  • Globe Telecom recently got $260 million bank loans from Bank of the Philippine Islands and Metropolitan Bank & Trust Company.
  • GCash is the most-used digital wallet in the Philippines. Its monthly transactions volume is $60 billion.
  • Allowing 46 million users to buy and sell cryptocurrencies via GCash could add $1 billion to Globe's topline.

For further details see:

Globe Telecom: Strong Momentum, Probable Less Competition
Stock Information
Company Name: Globe Telecom Inc ADR
Stock Symbol: GTMEY
Market: OTC
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