The stock looks extremely good in terms of fundamentals, with a book value of 1.64 pesos per share.
There's still time to buy before the long holiday.
Investors are positioning ahead of the 2005 earnings reports, with PLDT widely expected to report another good set of results.
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.
We're going through a consolidation mode with a downward bias.
The market is buying all the good news.
It appears that the incident that occurred over the weekend didn't shake and stir the market right now.
As soon as share prices corrected, you saw people coming back. That shows you the strength of the market.
Some investors opted to pocket gains after the two-week trading halt.
The whole of Asia is consolidating after a strong performance in January. It is trying to seek a lower base as most counters are now historically expensive.
