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home / news releases / GTMEY - Globe Telecom: Watch Potential Re-Rating Catalysts

GTMEY - Globe Telecom: Watch Potential Re-Rating Catalysts

Globe Telecom Inc ADR

2024-07-14 13:40:26 ET

Summary

  • Globe Telecom has a Buy investment rating with key valuation re-rating drivers including debt paydown and the planned public listing of a fintech investment.
  • The company could potentially divest another 1,548 telecommunications towers in the second half of 2024, which will boost its deleveraging efforts.
  • GCash, a leading fintech player in the Philippines, is planning for an IPO in 2025, which means that GTMEF's 35% stake in Mynt, GCash's parent, might receive a higher valuation.

Elevator Pitch

I have a Buy investment rating for Globe Telecom, Inc. ( GTMEF ) ( GTMEY ) [GLO:PM] shares....

For further details see:

Globe Telecom: Watch Potential Re-Rating Catalysts
Stock Information
Company Name: Globe Telecom Inc ADR
Stock Symbol: GTMEY
Market: OTC
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