- 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