ISM Communications Corporation (“ISM”) is a listed Philippine holding company.

In July 2005, ISM acquired a substantial stake in Eastern Telecommunications Philippines, Inc. (“Eastern Communications”), the oldest existing telecommunications provider in the Philippines with a particular focus in providing voice, data and internet services. Since then, ISM has since increased its stake in Eastern Communications to a controlling super-majority of 77.7%. Under ISM’s management and control, Eastern Communications executed a dramatic financial turnaround. Having been in the red for six years running, Eastern Communications returned to profitability in just 18 months after ISM’s takeover. In January 2010, ISM and PhilWeb Corporation equally invested in purchasing a 65% stake in Acentic GmbH, an international market leader in the provision of hotel in-room entertainment systems and services based in Germany and the United Kingdom.

In December 2010, ISM sold a 40% stake in Eastern Communications to Vega Telecom of the San Miguel group. In October 2011, ISM completed its divestment in ETPI and shifted its focus on other industries. In December 2011, ISM led a group of investors in completing the acquisition of a 97% controlling stake in the Philippine Bank of Communications. In 2016, ISM formally became a holding company.

WHAT IS THE TECHNICAL CHART SAYING?

KEY POINTS

  • This share is speculative for now;
  • Wait for the wave 3 before you start to pick at bargain price
  • Price have broken 3 critical supports

VALUATION DOESN’T MAKE SENSE

KEY POINTS AND WHAT WE ARE WAITING FOR?

  • Merger and Acquisition
  • New strategies
  • Earning 2019 report
  • P/E & Dividend improvement

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Article by: Ashok – Strategic Coach & Mentor – Philippines Stocks

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