Growth in core earnings will be benign as revenue growth moderates. |
It better aligns First Pacific's book values with market values at this point in time, and the more realistic values afford a basis for sensible financial performance measures going forward. |
Our impression is that it requires a lot of investments in infrastructure. We're not certain if it's best to just buy the assets rather than the company itself, given the history of these companies. |
Our net profit number is likely to lie north of 30 billion pesos -- another historic high for PLDT and for any other Philippine corporate. |
Some gains today are because of foreign exchange gains. |
We've been invited to look at these opportunities and we're looking at it. But I don't think we've made any decision to take the plunge. |
What attracts us to Del Monte is that a significant portion of its revenues are export driven. Del Monte also has a very strong brand in the Philippines, it's starting in India and has a growing presence in China. |
With all these positive developments, the market is behaving irrationally. |