Philippines' PLDT, Globe shares drop on Duterte closure, takeover threats [Reuters]
PLDT Inc. Sponsored ADR (PHI)
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Source: Reuters
Philippines' PLDT, Globe shares drop on Duterte closure, takeover threats MANILA (Reuters) - Shares in the Philippines biggest telecommunication companies PLDT Inc ( TEL.PS ) and Globe Telecom Inc ( GLO.PS ) fell on Tuesday after President Rodrigo Duterte threatened closure or government takeover because of what he described as “lousy service”. Shares in PLDT, part-owned by Japan’s NTT DoCoMo Inc ( 9437.T ) and Hong Kong’s First Pacific Co Ltd ( 0142.HK ), fell 2.42%, while Globe, backed by Singapore’s Singtel Group ( STEL.SI ), dropped 0.5% at the opening bell. PLDT slipped as low as 3.6% and Globe sank as much as 2.99% in the first 10 minutes of trades, compared with a 0.9% drop of the broader stock index .PSI . The Philippine leader lashed out at the telecoms firms during his annual state of the nation address on Monday, giving them until December to improve service.
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News
- Levi & Korsinsky, LLP Notifies Shareholders of PLDT Inc. (PHI) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Levi & Korsinsky, LLP Notifies Shareholders of PLDT Inc. (PHI) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Levi & Korsinsky, LLP Notifies Shareholders of PLDT Inc. (PHI) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- PLDT Inc. (NYSE: PHI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of PLDT Inc. American Depository SharesGlobeNewswire
PHI
Sec Filings
- 4/1/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/27/24 - Form 20-F
- PHI's page on the SEC website