PHI - PLDT: Spotlight On Broadband Business And EBITDA Guidance
2024-04-25 03:51:34 ET
Summary
- PLDT's home broadband business has the potential to grow in the long run, notwithstanding a negative short-term outlook.
- The company is at risk of delivering a Q1 results miss, considering the current expectations for the Philippines' economy.
- A Hold rating for PHI stock is maintained following an evaluation of the broadband business' prospects and its financial guidance.
Elevator Pitch
I rate PLDT Inc. ( PHI ) [TEL:PM] shares as a Hold. My prior November 27, 2023 update was focused on the company's wireless and data center businesses....
PLDT: Spotlight On Broadband Business And EBITDA Guidance