AS A retail trader, I am heavily invested in PLDT ($:TEL) and I am not complaining.
That's even if $:TEL is consolidating inside its range box of 1,600 to 1,725 and a breakout looks far off, with the latest candle being a long-bodied red.
My consolation is that the wicks are now below, not above, and so buyers are starting to push the price upward.The net foreign selling also does not bother me, because it is interspersed with net foreign buying of an even bigger volume.
I am also in $:TEL for the long haul.Experience reminds me that of all the dividends play that I played, PLDT gave me the most profits.Being valued at over 1,600 pesos and with a market cap of P354.76 billion, Philippine Long Distance cannot easily succumb to the falling knives syndrome.It can well hold its MA 20's and MA 50's unlike highly volatile stocks.
This means I can relax and wait for the next cash dividends as my $:TEL consolidates in its range.
It is reassuring to know that PLDT is strengthening the country's international connectivity infrastructure, not only to increase its profitability but also to help the country's economy by enticing global technology giants to relocate here.
The company which belongs to the Manny V. Pangilinan group also takes its social responsibility duties seriously.
Lately, it has pressed its efforts to combat online child abuse, blocking a record 88,000 sites and links showing questionable and morally abhorrent content featuring minors.
PLDT First VP and chief information security officer Angel T. Redoble said in a statement that they "remain committed to strengthening our end to end cyber defenses and building our inherent capacity to fight online threats and make the digital environment safer for our millions of customers, particularly children who happen to be the most vulnerable."
To ramp up this effort, PLDT and its wireless unit Smart Communications correctly decided to secure membership in the Internet Watch Foundation which is based in the United Kingdom.
This membership boosted the 2 telcos' intelligence database and blocking of online child sexual abuse materials, as well as concretized their participation in global efforts to making the Internet safer for young people.
The stock $:TEL closed at 1,642 last Friday, Oct. 29, down by 52 pesos or -3.07 percent.
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