Some gains today are because of foreign exchange gains.
We've been invited to look at these opportunities and we're looking at it. But I don't think we've made any decision to take the plunge.
With all these positive developments, the market is behaving irrationally.
It better aligns First Pacific's book values with market values at this point in time, and the more realistic values afford a basis for sensible financial performance measures going forward.
Our impression is that it requires a lot of investments in infrastructure. We're not certain if it's best to just buy the assets rather than the company itself, given the history of these companies.
Our net profit number is likely to lie north of 30 billion pesos -- another historic high for PLDT and for any other Philippine corporate.
Growth in core earnings will be benign as revenue growth moderates.
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