Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

DigiPlus Interactive (PLUS PM): Six Billion Peso Buy Back To Counter Negative News

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Digi Plus Interactive (PLUS PM): Strong Q2 FY25, But Regulatory Cloud A Massive Overhang

Shortlist of High Conviction Philippines Equity Ideas - October 2025

Shortlist of High Conviction Philippines Equity Ideas - September 2025

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

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<li><span><a target="_blank" rel="noopener">DigiPlus Interactive (PLUS PM)</a> reported revenue/profit of 0%/-52% YoY, reflecting a slowdown in revenue due to the e-wallet redirection policy taking effect in mid-August.</span></li>
<li>A&amp;P spends on billboards and events contracted for the full year are effectively fixed costs for the short term, resulting in a higher opex% of sales. </li>
<li>We expect these to normalize and for sales to recover, with PAGCOR announcing a sales recovery in late September/early October.  Stock trades at 8.5x/7.2x PE FY25e/26e.</li>
</ul>


DigiPlus Interactive (PLUS PM) reported revenue/profit of 0%/-52% YoY, reflecting a slowdown in revenue due to the e-wallet redirection policy taking effect in mid-August.
A&amp;P spends on billboards and events contracted for the full year are effectively fixed costs for the short term, resulting in a higher opex% of sales. 
We expect these to normalize and for sales to recover, with PAGCOR announcing a sales recovery in late September/early October.  Stock trades at 8.5x/7.2x PE FY25e/26e.


DigiPlus Interactive (PLUS PM) Q3 FY25: Rearview Mirror On Results, Recovery Underway