GLO. Globe Lines Up Enterprise and Mynt as Next Growth Legs

Highlights

• Globe has named corporate solutions its next growth driver, and Mynt is targeting a larger financial services revenue share after its IPO.
• At a ₱224.2 billion market cap and only 7% above its 52-week low, GLO is priced with little credit for either lever.
• Vini Research Desk rates GLO a Buy, ~61% upside to our ₱2503.00 fair value.

The Setup

After the AI-driven business value we flagged last week, Globe has named its corporate solutions unit as its next growth driver, while fintech affiliate Mynt is aiming for a bigger share of financial services revenue after listing. Management also tied the pace of network expansion directly to how fast local government units grant permits. GLO trades at ₱1,550, about 7% above its 52-week low of ₱1,445 from Oct. 27, 2025, and well below its ₱1,925 high from Jun. 29, 2026, after slipping 2.3% over the past month amid net foreign selling. Our momentum read on GLO is Bearish.

Source: PSE disclosure

Our Read

At a ₱224.2 billion market cap, the stock is being valued as a capex-heavy core carrier, with no visible premium for an enterprise push or a Mynt stake headed toward a public valuation.

Vini Research Desk rates GLO a Buy, seeing about 61% upside to our fair value of ₱2503.00. A larger enterprise and fintech contribution supports future dividend growth and capital appreciation, which benefits holders of the Passive Income Plan and Smart Momentum Quant Plan.

What We're Watching

• Enterprise revenue sizing at the upcoming investor briefing
• Mynt IPO timing and Globe's retained stake value
• Pace of local permit approvals for network rollout