|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.75 - 14.75|
|52 Week Range||9.19 - 18.48|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||28.20|
|Forward Dividend & Yield||0.14 (0.96%)|
|Ex-Dividend Date||Dec 16, 2020|
|1y Target Est||N/A|
Rating Action: Moody's affirms PLDT at Baa2; outlook remains stableGlobal Credit Research - 18 Mar 2021Hong Kong, March 18, 2021 -- Moody's Investors Service has affirmed PLDT Inc.'s Baa2 issuer rating. The rating outlook remains stable."The affirmation of PLDT's rating reflects its leading market position and healthy margins, which, coupled with the management's financial discipline, will keep the company's leverage at around 2.6x-2.8x over the next 12-18 months," says Annalisa Di Chiara, a Moody's Senior Vice President and the Lead Analyst for PLDT. "However, a commitment to shareholder returns and high capex levels will continue to strain the company's free cash flow over the next one to two years."RATINGS RATIONALEThe affirmation of the rating reflects PLDT's (1) dominant market position in the Philippines' telecommunications market, (2) strong margins when compared with its global telecommunication peers in the Baa rating category, (3) solid credit profile, and (4) good liquidity.PLDT is the leading telecommunications provider in the Philippines, with a 49% share of mobile subscribers and over 50% share of market revenues at the end of 2020.
Infigen Energy on Wednesday recommended a A$827.5 million ($569.1 million) buyout bid from Spain's Iberdrola to its shareholders, and urged them to reject an earlier offer from Philippine conglomerate Ayala Corp. Iberdrola will pay A$0.86 a share for the Australian renewables company, a 7.5% premium to Ayala's offer price and an almost 5% premium to the stock's Tuesday close.