TEL: Where To Now?

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After all the negativity that lurked in the stock market(and I guess it is still lurking out there in Europe), the Philippine Stock Exchange is again in the positive and 5,000 level area. 

source: http://www.pldt.com.ph/

One of the stocks everybody would probably want to have in their portfolio is TEL(PLDT). I once posted here about TEL's not so stellar performance in 2011, when PLDT chairman Manuel V. Pangilinan announced in their  FY 2011 Core Income Reports that they are not expecting to have a very bright 201 and even maybe in 2012 but rather see this as a period of re-alignment in connection to PLDT's acquisition of Digitel. And as everyone knows, PLDT's share have gone done to as low as 2300 levels for the past months which believe was mainly due to the issue on the capital requirements which finally resolved.

Looking at the chart today I see some sudden rise in the past 3-4 days even in the midst of the turmoil in the stock market world.

When I read and have seen that PLDT started to go south I started buying blocks of shares to take advantage of the low price of this blue chip but having to chunk out huge portion of your portfolio did have a drawback. One is that I missed out profit taking on small stocks that went up during those bearish months. Another is that PLDT's share price didn't really drop at an instant but slowly thus I ended up not effectively cost averaging and have to stop buying when TEL was nearly 50% of my portfolio.

A little more and I can see the fruits of my patience.

Some good news I am hearing are below:

• PLDT's branding alliance with SM
• PLDT sees better second half of 2012
• PLDT eyes TV station in Indonesia  

 With that, I guess PLDT is again positioned to achieve its stellar performance in 2010 of having an all time high net income of 42 billion.

As for me I am crossing my fingers and hope that in the coming months my patience pays of with TEL.

TEL 2011 Full Year Core Income Press Release

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Was checking some of active stocks in the Philippine stock when I got directed to PLDT(TEL)'s website and seen the press release of their FY 2011 Core Income Reports.

To check the report you can check it by clicking here.

source: http://manuel-pangilinan.seebyseeing.net/

From the very own words of PLDT chairman Manuel V. Pangilinan, they are not expecting 2012 to be a high income year but would see it as a period of re-alignment with their latest acquisition of Digitel. He believes that it would take time for the company to realize the benefits of the combined telecommunication companies operation and they are expecting a surge of income starting 2013. 

Also the report mentioned that amidst the capital expenditure related to the acquisition of Digitel, PLDT(TEL) is still able to deliver the minimum dividend payout of 70% of core income. And with that another dividend payout is slated on April this year to fulfill the 100% dividend declaration. I guess such will again make the stock in demand at least for those who do dividend play. 

For those who are accumulating PLDT(TEL) shares, we have to catch dips this year and accumulate as much as we can in preparation for the coming years of PLDT's profitable operations.