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<ul>
  <li>DITO CME, through its primary operating subsidiary Dito Telecommunity, is aggressively positioning itself as the third major telecommunications player in the Philippines, challenging the long-standing duopoly of PLDT and Globe Telecom.</li>
  <li>The company is in a high-growth, high-spend phase, characterized by rapid revenue and subscriber growth. However, this is coupled with significant net losses and negative free cash flow due to massive capital expenditures for its nationwide network rollout.</li>
  <li>The path to profitability remains the key challenge. Management is targeting EBITDA break-even by 2025 and net profitability by the end of 2028, contingent on successful market share capture, increased average revenue per user (ARPU), and disciplined cost management.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  DITO CME, through its primary operating subsidiary Dito Telecommunity, is aggressively positioning itself as the third major telecommunications player in the Philippines, challenging the long-standing duopoly of PLDT and Globe Telecom.
  The company is in a high-growth, high-spend phase, characterized by rapid revenue and subscriber growth. However, this is coupled with significant net losses and negative free cash flow due to massive capital expenditures for its nationwide network rollout.
  The path to profitability remains the key challenge. Management is targeting EBITDA break-even by 2025 and net profitability by the end of 2028, contingent on successful market share capture, increased average revenue per user (ARPU), and disciplined cost management.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: DITO CME Holdings  (DITO PM) - Aug 2026

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/emperador-inc" target="_blank" data-smartkarma-citation="entities:3485:1" rel="noopener">Emperador Inc (EMP PM)</a> and <a href="https://www.smartkarma.com/entities/monde-nissin-corp" target="_blank" data-smartkarma-citation="entities:32188:1" rel="noopener">Monde Nissin Corp (MONDE PM)</a> will replace <a href="https://www.smartkarma.com/entities/bloomberry-resorts-corp" target="_blank" data-smartkarma-citation="entities:17961:1" rel="noopener">Bloomberry Resorts (BLOOM PM)</a> and <a href="https://www.smartkarma.com/entities/robinsons-retail-holdings-inc" target="_blank" data-smartkarma-citation="entities:10598:1" rel="noopener">Robinsons Retail Holdings (RRHI PM)</a> in the <a href="https://www.smartkarma.com/entities/philippines-stock-exchange-psei-index" target="_blank" data-smartkarma-citation="entities:22912:1" rel="noopener">Philippines Stock Exchange PSEi Index (PCOMP)</a>.</li>
<li>There will be a lot to trade from passive funds. Implementation will take place at the close on 11 February - there are only 5 days to go.</li>
<li>
<a href="https://www.smartkarma.com/entities/emperador-inc" target="_blank" data-smartkarma-citation="entities:3485:1" rel="noopener">Emperador Inc (EMP PM)</a> has rallied over the last month while the deletions have traded lower. As re-opening plays, the passive selling could provide an opportunity to buy the deletes.</li>
</ul>



Emperador Inc (EMP PM) and Monde Nissin Corp (MONDE PM) will replace Bloomberry Resorts (BLOOM PM) and Robinsons Retail Holdings (RRHI PM) in the Philippines Stock Exchange PSEi Index (PCOMP).
There will be a lot to trade from passive funds. Implementation will take place at the close on 11 February - there are only 5 days to go.

Emperador Inc (EMP PM) has rallied over the last month while the deletions have traded lower. As re-opening plays, the passive selling could provide an opportunity to buy the deletes.


PCOMP Index Rebalance: EMP, MONDE Could Pop; BLOOM, RRHI Could Drop

<ul>
<li>We see three potential changes to the <a href="https://www.smartkarma.com/entities/philippines-stock-exchange-psei-index" target="_blank" data-smartkarma-citation="entities:22912:1" rel="noopener">Philippines Stock Exchange PSEi Index (PCOMP INDEX)</a> at the February rebalance. Two are higher probability changes, while one has a lower probability.</li>
<li>Typically, the inclusions rally and the deletions drop between announcement and implementation with a big jump immediately post announcement. Pre-positioning prior to announcement is important.</li>
<li>
<a href="https://www.smartkarma.com/entities/bloomberry-resorts-corp" target="_blank" data-smartkarma-citation="entities:17961:1" rel="noopener">Bloomberry Resorts (BLOOM PM)</a> and <a href="https://www.smartkarma.com/entities/robinsons-retail-holdings-inc" target="_blank" data-smartkarma-citation="entities:10598:1" rel="noopener">Robinsons Retail Holdings (RRHI PM)</a> are reopening plays and investors that are looking to buy the stocks could wait for index deletion to get liquidity.</li>
</ul>


We see three potential changes to the Philippines Stock Exchange PSEi Index (PCOMP INDEX) at the February rebalance. Two are higher probability changes, while one has a lower probability.
Typically, the inclusions rally and the deletions drop between announcement and implementation with a big jump immediately post announcement. Pre-positioning prior to announcement is important.

Bloomberry Resorts (BLOOM PM) and Robinsons Retail Holdings (RRHI PM) are reopening plays and investors that are looking to buy the stocks could wait for index deletion to get liquidity.


PCOMP Index Rebalance Preview Feb22: Three Potential Changes & Large Impact

Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

Pan-Asia Equity Bottom-up

<ul>
<li>The new third Philippine telco Ditto Telecom (DITO PM) is added to our list of fallen angels, down more than 60% from its March high. At just 10% of the market cap of incumbents there clearly some upside to getting this right.</li>
<li>Staying in the Phils, for a sending week running we’ve caught the start of a major buyback with Metro Pacific (MPI PM) commencing the second tranche of a program to repurchase 5% of outstanding shares</li>
<li>We noticed increased activity across the entire MNC Group of companies (MNC Investama - BHIT IJ) and discovered there's quite a bit of action there to cover.</li>
</ul>


The new third Philippine telco Ditto Telecom (DITO PM) is added to our list of fallen angels, down more than 60% from its March high. At just 10% of the market cap of incumbents there clearly some upside to getting this right.
Staying in the Phils, for a sending week running we’ve caught the start of a major buyback with Metro Pacific (MPI PM) commencing the second tranche of a program to repurchase 5% of outstanding shares
We noticed increased activity across the entire MNC Group of companies (MNC Investama - BHIT IJ) and discovered there's quite a bit of action there to cover.


Wickhams Hill Research | Under-The-Radar Issue 3

Philippines

Dito CME Holdings Corp. is a Filipino conglomerate holding firm that operates as an investment company, primarily focusing on the information and communications technology sector. Through its subsidiaries, it engages in telecommunications, digital media and content, managed analytics, and intelligent lifestyle and commerce platforms, also offering digital and internet protocol (IP) converged services. The company was founded in January 1925 and is headquartered in Taguig, Philippines.

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Dito CME (DITO PM)

Primer: DITO CME Holdings (DITO PM) - Aug 2026

DITO CME, through its primary operating subsidiary Dito Telecommunity, is aggressively positioning itself as the third major telecommunications...

αSK Primers

PCOMP Index Rebalance: EMP, MONDE Could Pop; BLOOM, RRHI Could Drop

Emperador and Monde Nissin will replace Bloomberry Resorts and Robinson Retail in the PCOMP after the close on 11 February. Only 5 days to...

Brian Freitas

PCOMP Index Rebalance Preview Feb22: Three Potential Changes & Large Impact

We forecast 3 potential changes to the PCOMP at the February rebalance that could see MONDE, EMP and DITO added and BLOOM, RRHI and SECB deleted....

Brian Freitas

Wickhams Hill Research | Under-The-Radar Issue 3

The new third Philippine telco Ditto Telecom (DITO PM) is added to our list of fallen angels, down more than 60% from its March high.

Lloyd Moffatt

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