Negative investor sentiment pulls down ISM’s share price
INVESTORS sold off ISM Communications Corp. shares last week with analysts attributing the movement to overall negative market sentiment as well as news on Dito Telecommunity Corp.’s possible delay in its commercial operations.
A total of 525.40 million ISM shares worth P1.09 billion were traded from Feb. 10 to 14, data from the Philippine Stock Exchange showed, making it the fifth-most actively traded stock last week. READ MORE
KEY TAKEAWAYS
- MACRO charts shows price could fall lower; however the current price looks attractive for a valued company
- To recall, Dito is scheduled to launch its services in the second quarter of 2020, with a government commitment to deliver a minimum broadband speed of 27 megabits per second (mbps) to 37.03% of the national population by July. – this is a positive statement
- Do remember if they roll-out it can be as big as Globe & PLDT
- A company that we long to own
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