We're seeing a good amount of foreign buying today. After the developments over the weekend, the market seems to be taking the view that she has it (the security situation) under control.
The stock looks extremely good in terms of fundamentals, with a book value of 1.64 pesos per share.
The market is buying all the good news.
Investors are positioning ahead of the 2005 earnings reports, with PLDT widely expected to report another good set of results.