Mynt Inc., the operator of GCash, is seeking stronger earnings growth to recover from its weak stock market debut after shares dropped nearly 10% below their ₱6.60 IPO price. COL Financial chief equity strategist April Lee-Tan maintained that the company’s fundamentals remain strong, citing an ₱8-per-share target price. Mynt shares recovered to ₱6.61 on October 30, slightly above their IPO price. Tan said investors should watch upcoming financial results, particularly whether earnings can exceed COL’s projected growth of 18% this year and 20% next year. Faster-than-expected profits could help drive further stock recovery.
GCASH OPERATOR MYNT LOOKS TO STRONGER EARNINGS TO BOOST STOCK RECOVERY
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