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Stock picks: Globe, Ayala Land, Manila Water

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ABS-CBN News

<figure class="op-interactive"><iframe allowfullscreen="" frameBorder="0" height="315" src="https://www.youtube.com/embed/C9o5G37TZDE" width="420"></iframe></figure><p>MANILA - Investors can focus on Globe Telecom Inc.&#x27;s fundamentals after the Court of Appeals stopped an anti-trust watchdog from investigating its purchase of San Miguel Corp.&#x27;s telecommunications assets with rival Philippine Long Distance Telephone Co., an analyst said Tuesday.</p><p>The Philippine Stock Exchange Index is also poised for a correction after recent highs, BPI Trade CEO Mike Oyson said. The main index was trading flat, up 0.11 percent to 7,786.47 points at 10 a.m.</p>

<p>Investors can focus on Globe Telecom Inc.'s fundamentals after the Court of Appeals stopped an anti-trust watchdog from investigating its purchase of San Miguel Corp.'s telecommunications assets with rival Philippine Long Distance Telephone Co., an analyst said Tuesday.</p>

Investors can focus on Globe Telecom Inc.'s fundamentals after the Court of Appeals stopped an anti-trust watchdog from investigating its purchase of San Miguel Corp.'s telecommunications assets with rival Philippine Long Distance Telephone Co., an analyst said Tuesday.