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In this video, DITO is reviewed. Dito Telecommunity Corporation, is a telecommunications company in the Philippines. It is a consortium of Davao businessman Dennis Uy’s Udenna Corporation and its subsidiary Chelsea Logistics Corporation, and Chinese state-owned China Telecommunications Corporation, a parent company of China Telecom. A third telecom player that will rival the telecom giants led by Smart Communications and Globe Telecoms, Internet, cellular network and data provider.
MAC is also included in the review. MacroAsia Corporation (MAC) is a leading provider of aviation-related support services in the Philippines. Its major business segments derive income from aircraft maintenance, repair and overhaul (MRO), food services (airline and institutional catering), gateway services (ground handling), property development and leases (particularly ecozone operations) and water concessions/utility. As a mining company in the 1970’s, it has mineral production sharing agreements and exploration permits for nickel, copper and gold, although the company currently has no mining operations as a business activity.
TECH, one of the fastest moving stock at the moment is part of the stock market summary. CIRTEK Holdings Philippines, a technology manufacturing company and a chip maker for mobile phones for Samsung of South Korea and a manufacturer for 5G antenna. TECH is also manufacturing chips for ventilators used for the covid-19 pandemic. The company primarily provides service/turnkey solutions including wafer probing, wafer back grinding, assembly, and packaging and final testing of semiconductor devices; and offers manufacturing solutions for value-added, highly integrated radio frequency, microwave and millimeter wave technology products.
Lastly, LC is also reviewed. Lepanto Consolidated Mining Company is a Filipino primary gold producer. Lepanto has been a proud corporate resident of Mankayan, Benguet since 1936.
Lepanto continues to produce gold from its Victoria operations, located in Mankayan, Benguet. Lepanto resumed copper operations in 2008, which it suspended in the fourth quarter of that year due to the sharp decline in copper prices.
Lepanto has four wholly-owned subsidiaries, namely: Diamond Drilling Corporation of the Philippines, Diamant Manufacturing & Trading Corporation, Lepanto Investment and Development Corporation and Shipside, Incorporated.
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To those who are new to the stock market, you may check this video on stock trading to jump start your investment journey.
To those who want to invest and put their money on stocks, check this playlist:
Want to watch previous episodes of the Philippine Stock Market Opening Bell Live? Check this playlist:
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