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Globe Telecom: Dominating the local telecommunications industry
Globe Telecom Inc. is the market leader in the Philippine telco industry with decades of expertise and leading capital investments.
By Metrobank
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Given the overall level of yields, we look for bonds with good relative value for additional yield pickup. We see opportunity in the Philippine telecommunications Industry, led by the PLDT-Smart and Globe, which has seen their bonds trade incongruently with their market positioning.
For QIBs looking for high-yield placements, we shine a spotlight on GLOPM 2.5 30.
Bond Details:
Globe has a leading market position in a non-cyclical industry, an improving credit profile, and bonds trading relatively cheap to its peer. We view GLOPM 2.5 30 as an attractive high-yield addition to a diversified fixed income portfolio.
Credit Highlights:
- Globe is a legacy player in the Philippine telco industry with decades of expertise and leading capital investments.
– The Philippine telco industry has been