Globe Telecom looks to digitalisation of Filipinos' lifestyles to drive growth
Much of the recent market enthusiasm for the company appears to have been driven by developments at Mynt, a fintech firm in which Globe has a 40% stake.
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Yong Jun Yuan
Singapore
GLOBE Telecom has seen a surge in investor optimism in recent months, with its stock rising by some two-thirds in value between August and September.
Shares of Globe closed on Friday (Oct 29) at 2,996 pesos each, up 47.6 per cent this year, giving the company a market capitalisation of 400.32 billion pesos (S$10.68 billion).
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