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COMPANY PROFILE
PLDT is the leading telecommunications service provider
in the Philippines.
Outlook: Stable
STOCK QUOTES
As of April 13, 2015:
2014
*summarized data
INCOME
As at December 31, 2014 and 2013 (in million pesos)
Ron Jason Aborita 2015
•DIVIDEND PAYOUT OF P156 PER SHARE, REPRESENTING 90% OF 2014 CORE EARNINGS
-PLDT has very high dividend payouts compared to other companies. It should be noted
That we should consider TEL’s dividend payouts when comparing profits.
TEL HAS CONSISTENT
HIGHEST DIVIDEND YIELD
RELEVANT NEWS
INTERNET AND
BROADBAND
Ron Jason Aborita 2015
“We are pleased to see that the PLDT Group remains the
preferred broadband provider in the country” - (PLDT)
President and CEO Napoleon L. Nazareno
PLDT’s highest market share is on FIXED LINE with 69% share of the market.
Expect revenues to lag over the long term due to stagnation.
COMPETITIONS
Ron Jason Aborita 2015
CAPITAL EXPENDITURES
PLDT spent over P34.8 billion in capital expenditures in 2014,
as it expanded its fiber network to nearly 100,000 kilometers,
making it the most extensive, robust and resilient network in
the country.
In anticipation of greater data usage, PLDT is planning to
spend another P39 billion in capital investments this year.
I see this as growth for PLDT that would be felt significantly on the
Long term but not on the short term.
Ron Jason Aborita 2015
This would indirectly influence stock growth of TEL in the 4th quarter of 2015. But
may be felt on 2016 instead
RECOMMENDATIONS
TEL IS OVERBOUGHT
Dividend yields tend to be erratic and seasonal in the short term but has an increasing
linear trend over 3 years
1 YEAR 3 YEARS
SEASONAL TREND
(Exponential Moving Average 3-Year)
If we factor seasonal component, TEL stocks tend to rise from April-September (Q2-Q3)
Then starts to dip October to January (Q4-Q1).
SEASONAL TREND
2014-2015
2011-2015
RECOMMENDED STRATEGY
•TEL goes sideways but with upward bias. It is good to just hold onto it and depend
on dividends for the earnings.
•Hold first up to October 2014, then buy this year around Oct-December if it starts
downtrend starting September. (because it may remain inexpensive in Q4)
•TEL is poised to grow in 2016, hold on the stock on 2016 then sell on September or
Before Q4.
PROS AND CONS
PROS:
-Long-term investment
-High dividend yields offset downturns in price
-Robust growth in market share
-Robust against oil & other energy volatility
-Invests heavily in capital (LTE networks & Fiber optics)
CONS:
-Chance to get dragged in stagnation. (always in balanced up and downs)
-Sideways
-Can’t appreciate short-term growth
-Overbought
RESOURCES
• http://www.bloomberg.com/research/stocks/charts/charts.asp?tick
er=TEL:PM
• http://www.pinoymoneytalk.com/top-10-stocks-with-high-
dividend-yield/
• http://www.businessmirror.com.ph/pldt-expanded-market-share-
to-60-last-year/
• http://www.philstar.com/business/2013/01/14/896530/pldt-take-
advantage-rapid-growth-internet-access
• http://pldt.com/docs/default-source/press-releases-2014/read-
more.pdf?sfvrsn=0
• http://www.pldt.com/about-us/company-timeline
• http://www.pldt.com/docs/default-source/press-releases---
financial-results/pse_sec_press-release_03-03-15.pdf?sfvrsn=0