Why I kept my DITO Shares from Philiipine Stocks Exchange thru COL Financial

Why is it wise to keep your DITO Shares in stock markets even though it drops from Php 18.00 to Php 3.00. Simple, being only the 3rd Telecommunity and Internet provided in the Philippines, it has nowhere to go but up.

In August 2022, Dito's total mobile subscriber base reached 12 million. Dito Telecommunity Corp. targets to reach 28 million subscribers by 2023, as the company relies on its expanding coverage to get Filipinos to transfer to its network.

Dito chief administrative officer Adel Tamano yesterday said the firm has managed to exceed its goal for the year of getting 12 million subscribers, surpassing the 14 million count on sustained upgrades to its infrastructure according to Philippine Star report.

Udenna and Chelsea control 60% of DITO, while China Telecom gets 40%—the maximum share for foreign ownership under our laws—according to the PNA. Of the three, only the Chinese-state owned company has previous experience in the telco industry.

I bought my initial DITO stocks in 2020 for Php 18.00 and then it drops until Php 2.78 pesos. And along the course, I still bought DITO stocks and out of my toal shares bought it on an average of Php 7.4226. I didn't give up my share and since it's a long time investment I will just keep it until it reached around Php 1,000 per unit share.