Philippine Stock Market Research

GLO’s 2016 Results and 2017 Outlook

February 12, 2017

Our Company Report this week is GLO.  GLO released some of its 2016 results ahead of its 2016 SEC Form 17-A annual report.  High depreciation and other expenses doused an EBITDA improvement with net income declining slightly in 2016.  Its main valuation is minimized by high capex requirements.

GLO, however, retains its reliability of paying hefty cash dividends.  It has one of the best annual yields in the coverage and in the Philippines of a little over 5%.  GLO likewise continues to implement a heavy capex program to improve and expand its services.  It keeps up with the needs and preferences of its subcribers.

GLO is a slow-growth stock in a saturated mobile telecom sector.  Hefty quarterly cash dividends are its reliable shareholders’ return, and broadband is its current growth driver.  Future prospects includes e-payment services suitable for cashless transactions and apps that are essential in today’s fast-paced lifestyle.



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