Globe Telecom rises on GCash service expansion overseas, earnings report - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Globe Telecom, Inc. was one of the most actively traded stocks last week after the announcement of its electronic payment platform’s overseas expansion and the release of its full-year financial report. READ:

February 20, 2023 | 12:01 amGLOBE Telecom, Inc. was one of the most actively traded stocks last week after the announcement of its electronic payment platform’s overseas expansion and the release of its full-year financial report.

Ryan Vincent L. Parlade, equity analyst at The First Resources Management and Securities Corp., said the stock’s growth was mainly due to the overseas service expansion of e-wallet GCash. G-Xchange, Inc., a subsidiary of Globe Fintech Innovations, Inc., or Mynt, said the approval of the beta launch of GCash Overseas will make it the first and only e-wallet in the Philippines to have this capability.

“Globe’s performance for this week was primarily influenced by the guidance which was provided during their fourth quarter and full-year briefing. One of the issues adding concern to investors is how the SIM Registration law would affect its mobile subscriber count and likewise, its churn rates,” Mr. Limlingan said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DTI on China laser-pointing: Geopolitics, business can't be separatedThe Department of Trade and Industry (DTI) said Saturday that Chinese investments and trade with the Philippines had continued amid the territorial tensions between both countries. Chinese investments and trade in the Philippines is not a guarantee that they are allowed not to respect the rights and rules of the Pilipinos.
Source: gmanews - 🏆 11. / 68 Read more »

Trade chief touts BOI’s P344B investment leads as promising | BusinessMirrorTRADE Secretary Alfredo E. Pascual said the potential investment leads being processed by the Board of Investments (BOI) looks promising and may allow the agency to meet its targets before mid-year. “So far, the agency still has potential investment leads of around P344 billion that will still be processed and,…
Source: BusinessMirror - 🏆 19. / 59 Read more »