DITO CME hitting 20 pesos by end of 2023?

 Will DITO Telecommunity hit 20 pesos this year? DITO stocks is currently bouncing back from down to 2.10 pesos per share. The last traded price at the closing of the market on October 6 was 3.2 pesos with Market Capitalization of P50 billion and Outstanding share of 16 million. 

52-Week-high is P3.59 pesos. As you can see from my personal stocks, I am currently losing P80,000 from my DITO share of 20,000 units with an average price of P7.2137.

The Company has assets in various segments within the information and communications technology sector, which comprise its business operations in telecommunications; digital media and content (gaming, entertainment, and education); managed analytics (risk and fraud analytics, conversational analytics, and advanced analytics); intelligent lifestyle and commerce platforms; and enabling infrastructures (data centers, managed information technology, and cloud services).

DITO s foray into telecommunications is reflected in its interest in DITO Telecommunity Corporation (DITO Telecommunity), through its wholly-owned subsidiary, Udenna Communications Media and Entertainment Holdings Corp. DITO Telecommunity is the third telecommunications player in the Philippines.

Source: SEC Form 17-A (2022)

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