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PHI - PLDT: Spotlight On Tower Sale And Management Guidance
PLDT Inc. Sponsored ADR
PLDT's recent tower sale was done at premium valuations, and this should be positive for the company in the form of higher earnings, lower debt and special dividends.
The company is targeting a high-single digit percentage EBITDA growth for 2022, which I think is achievable thanks to the strength of its home broadband business.
PLDT is a Hold; I am positive on PLDT's tower divestment deal and the company's favorable management guidance, but these are already factored into its price performance and valuations.