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Monday, February 24, 2020

Investment Thesis: ABS-CBN Corporation (PSE: ABS)

NOTE: THIS WEBSITE HAS NO POLITICAL AFFILIATIONS. THIS IS NOT A POLITICAL POST. WE LIKE ABS SOLELY FOR ITS INVESTMENT MERITS.

Current Market Price: P 23/Share as of Feb-24-2020

Annual Sales: P 40.1 B

Net Income: P 2.1 B

Book Value: P 35.7 B

Current Market Cap: P 19.8 B


Market Position: Dominant, number 1 player in Philippine mass media

Risks: Franchise renewal risk, Rise of social media, mobile phone platforms away from traditional TV