TEL has already lost P76bn in market cap, 22% down since the chart breakdown from 1,600, and 29% from its most recent high. RSI readings are extreme oversold. The sell-off emanates from news that it had overspent CAPEX by P42bn in the last 4 years since 2019. The company is undergoing a major management shake-up and had suspended its CFO among other officers. ...
