P20B worth of PLDT value wiped out in a day
pero sa tingin ko babawi din yan kaya wag muna kayo mag dump...CLOSE TO P20 billion worth of shareholder value in Philippine Long Distance Telephone Co. (PLDT) was wiped out in the stock market Wednesday as the company reeled from a downgrade by US-based investment bank Morgan Stanley.
The share price of the country's biggest publicly listed company plummeted 6.1 percent in frenetic trading on the Philippine Stock Exchange, ending at P1,680 apiece from Tuesday's close of P1,790 -- a drop of P110 per share.
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Tsikot Member Rank 3
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February 9th, 2006 11:13 AM #1Last edited by Steeljack; February 9th, 2006 at 11:15 AM.
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Verified Tsikot Member
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February 9th, 2006 11:16 AM #2its nothing.. people hyping it too much to go down... scaring the government to sell the shares they recently aquired..
its up 5% today...
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SobrangBilisMagType!
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February 9th, 2006 12:26 PM #3Pure speculation... who wants to sell me their shares before the prices go back up? :D
Ang pagbalik ng comeback...
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February 9th, 2006 12:29 PM #4stock prices go up and down by 6% or more all the time. the question is, have the fundamentals of the company changed for it to gain or lose value in a sustained manner? that's how shareholder value is created or wiped out.
short term market fluctuations mean nothing unless you're a day trader.
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couch potato
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February 9th, 2006 02:29 PM #6EXACTLY!!! Bought 75 shares today value dated tomorrow
Originally Posted by mrpink
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couch potato
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February 9th, 2006 02:38 PM #7dami talaga pera ni sir woodfire .. that's at least a 100K at the drop of a hat ... hehe ...
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February 9th, 2006 02:51 PM #8Though PLDT fundamentals are good, Morgan Stanley sees little room for positive surprises, slower growth, and threat from VOIP.
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so many rides,so lil $$$
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February 9th, 2006 08:40 PM #10sayang di rin ako nakabili ng PLDT. oh well, time to wait for the next "sale"
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February 9th, 2006 08:49 PM #11i personally disagree with Morgan Stanley on their prognosis. i have been accumulating PLDT over the span of 9 years already and they have proved to be resilient. price-earnings ratio could still take it (vis-a-vis other telecom companies in the S.E. region).
with all due respect to Morgan Stanley (affiliate of Citibank), "talking down the market" as what they have done allowed small opportunistic investors to buy into the company.
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Nagtatanim ng kamote
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February 9th, 2006 10:09 PM #12Don't think Morgan Stanley is a Citibank affiliate Originally Posted by woodfire
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February 10th, 2006 02:22 PM #13 Originally Posted by creepy
Sorry, I stand corrected. Citibank's affiliate is Smith Barney. Thanks for the heads up!
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Originally Posted by mrpink
