Here’s an invitation to join our community and network of investors who’re actively sharing. M1 had previously reaffirmed its FY14, Individual or Group chat with anyone on I3investor, Duty Free International Ltd. - A duty-free giant in the making, DBS Equity Research: Wired Daily 7 June 2016, Cityneon Holdings - 'Avengers' showcasing in the Land Down Under, DBS Equity Research: Wired Daily 6 June 2016, DBS Equity Research: Wired Daily 3 June 2016, Riverstone Holdings - 3Q20 Robust Results; Expect a Strong Finish for 2020, Daily Futures Trading Strategy 30 March 2020 (Foreign Market), OCBC - [ Sector Rotation, Cyclical Sectors Benefiting], FGV (5222)AFTER WIMAR FGV WILL BE THE STOCK THAT WILL BENEFIT THE MOST FROM RUBBER, PALM OIL PRICE SURGE, Calvin Tan Research, Bumitama Agri - 9M20 Results Within Expectation. Compared to 1Q17, operating revenue was 3.5% lower q-o-q. ARPU decline 4.3% in 2018, in part due to the wholesale pricing offered to MVNOs. Operating revenue grew 4.7% to $251.6 million, from $240.4 million a year ago. About Singtel. M1 shares jumped above the offer price to S$2.13 at the open. View All Events. They also clarified that no arrangement or agreement with any third party has been reached in relation to each of the three major shareholders’ respective stakes in M1. M1 and its Mobile Virtual Network Operator (MVNO) partner Circles.Life have been able to secure post-paid market share with their aggressive price plans.Post-paid subscribers gained 92,000 or 7.12% y-o-y in 2018. When you invest $10,000 or more with M1 Finance, you also unlock the simplest, lowest cost way to borrow money. The dividends are paid in SGD. SINGAPORE - Keppel Corp and Singapore Press Holdings (SPH) joint venture (JV) company, Konnectivity, has announced that there will be no increase in its offer price of $2.06 per M1 share … In our view, M1’s share price has been largely supported by this potential takeover scenario and without this support, we believe M1 should trade based on its fundamentals. M1 is currently trading at $1.935 cum-dividend. The factors that would put our earnings forecasts at risk: i) stronger-than-expected competition in the mobile and fixed broadband segments, ii) higher-than-expected capex and iii) an acceleration in SAC. The ongoing discussion about retail investors’ opinions on M1’s target price is found here. This increase in 2Q was mainly due to a 28.8% increase in handset sales to $46.9 million, compared to $36.4 million a year ago. According to the announcement, they have taken into consideration the proposals from interested parties, which despite a favourable level of interest, are not deemed acceptable by the three majority shareholders. Looking ahead, we expect the competitive landscape to worsen with TPG’s entry and also with MyRepublic’s intent to launch mobile services as MVNO in Singapore. An analysis of the various 4G plans in the market revealed that the telcos continued to maintain a fairly generous level of subsidy on the IP6/6+ with payback period averaging 9-11 months. Shares in M1 are up 7.9% this year, versus SingTel’s decline of 3.2% and StarHub’s 0.9% fall. The share price is in SGD. However, they are still above our bear-case fair values, suggesting that it is not yet worthwhile to invest in these stocks, in our view. Updated at 06 Nov 2020 17:16. The ongoing discussion about retail investors’ opinions on M1’s target price is found here. In our view, M1’s share price has been largely supported by this potential takeover scenario and without this support, we believe M1 should trade based on its fundamentals. On weak earnings outlook, which translates to lower dividends ahead, we downgrade M1 from Hold to SELL with FV of S$1.75 (prev: S$1.96). In terms of price action, M1 is definitely facing some downward pressure for retail investors. Release Date 12 Nov 2020. 2Q17 operating expenses, however, rose at a faster pace of 9.9% to S$210.1m, driven mainly by higher handset costs, and higher wholesale costs of fixed services. Competition within the fixed broadband segment remains intense with M1 being the latest to cut prices. For now, the prospect of high dividend payouts at M1 is proving to be a far more potent share-price driver than the growth-oriented, quad-play concept that SingTel and StarHub have pursued. Nonetheless, the M1 general offer had led to a mini-recovery for Singtel share price because many observers deemed that the industry consolidation would benefit Singtel. The stock plunged more than 7% today, breaking below $2.00. This compares with the 6-7months average for an Android handset. M1 declared an interim dividend of S$0.052/share, down from S$0.07/share a year ago. If you like this article, we’ve got more. Fixed services revenue growth was driven by a 21.3% YoY increase in customer base while mobile revenue decline was mainly driven by declining average revenue per user (ARPU) despite a 3.3% YoY growth in total mobile customers. Required fields are marked *. M1 Ltd’s (M1) 2Q17 revenue grew 4.7% YoY to S$251.6m on the back of higher fixed services revenue (+21.9%) and handset sales (+28.8%) but partly offset by weaker mobile revenue (- 2.1%) and international call services (-8.6%). Looking ahead, we expect the competitive landscape to worsen with TPG’s entry and also with MyRepublic’s intent to launch mobile services as MVNO in Singapore. But investors soon woke up to the fact that the key battles to be fought … No, they are not cast in stone: You can expect them to be revised as new business developments materialise. SingTel, StarHub and M1‟s EBITDA margins (as a percentage of overall revenue) fell by 2-5 ppts q-o-q in 4Q12 and 4Q13 following. At the same time, CIMB Securities’s latest research report initiates a target price of $1.70, which is found here. At the same time, CIMB Securities’s latest research report initiates a target price of $1.70, which is found here. M1 is currently trading at $1.935 cum-dividend. Meanwhile, its total service revenue held steady, edging up by 0.4% to $204.7 million. Shared … Data powered by Upcoming Events. 1H Result. More articles on Towards Financial Freedom >>, This will exert renewed pressure on the telco‟s EBITDA margin, notwithstanding the improved data monetisation efforts. It’s free and most importantly, these investors are out to help one another to get better investing outcomes. Consequently, NPAT fell 20.8% YoY to S$32.5m while EBITDA declined 10.7% to S$73.4m. M1’s flexible portfolio line of credit lets you borrow up to 35 percent of your portfolio 1 instantly and pay back on your schedule — all for just 4% APR 2.No waiting time. The target prices are set by analysts with, typically, a 12-month time frame in mind. Nomura has a 'Buy' rating on the stock and raised the target price to Rs 275 per share. More articles on SGX Stocks and Warrants >>, Individual or Group chat with anyone on I3investor, DBS Group Holdings Ltd (DBS SP) - Improving Business Momentum, Far East Hospitality Trust (FEHT SP) - Some Green Shoots of Recovery, CDL Hospitality Trusts (CDREIT SP) - Weak Results But Some Sequential Recovery, Ascott Residence Trust (ART SP) - Recovery in RevPAU QoQ, What to expect when Singapore’s top banks report third-quarter earnings this week, Riverstone Holdings - 3Q20 Robust Results; Expect a Strong Finish for 2020, Daily Futures Trading Strategy 30 March 2020 (Foreign Market), OCBC - [ Sector Rotation, Cyclical Sectors Benefiting], FGV (5222)AFTER WIMAR FGV WILL BE THE STOCK THAT WILL BENEFIT THE MOST FROM RUBBER, PALM OIL PRICE SURGE, Calvin Tan Research, Bumitama Agri - 9M20 Results Within Expectation. If you like this article, we’ve got more. M1 Limited, an investment holding company, provides mobile and fixed communications services in Singapore. Your email address will not be published. M1’s three major shareholders, Axiata Group, SPH, and Keppel Telecommunications & Transportation, announced last evening that they have decided not to proceed further with the strategic review of their stakes in M1. However, when stock price plummets too much in a day, some investors are already looking for the bargain. Your email address will not be published. This was largely due to a 21.9% increase in revenue from fixed services to $31.1 million, offset by a 2.1% decline in mobile telecommunications services revenue to $159.5 million and a 8.6% drop in international call services revenue to $14.0 million. The counter went into the midday trading break up by S$0.46, or 28.22 per cent, to S$2.09. Meanwhile, M1’s EBITDA in 2Q fell 10.7% to $73.4 million, from $82.2 million a year ago. Adding on to the results, SPH, Keppel T&T, and Malaysian telco Axiata Group Berhad have also announced that they will not further their strategic review to dispose of their respective stakes in M1. It offers a range of voice, data, and value-added services on 4G, 3G/high speed packet access, and … Singtel (Rating: ADD, Target Price: S$4.00): View Stock Calendar. For the half year, while revenue rose 2.9% YoY to S$512.3m, NPAT declined 17.6% to S$68.6m and EBITDA fell 7.8% to S$152.4m, which formed 49.0% and 48.0% of our FY17 forecasts, respectively. FTSE ST All-share / FTSE ST Telecommunications / Straits Times Index / FTSE ST Large Mid Cap Delayed prices. Borrow on your terms. Data powered by SGX. It was the second-most active stock on a churn of 21.6 million shares on Friday, more popular than even bluechip telco Singtel. It slashed the price of its 1Gbps fiber plan to SGD49.00/month (from SGD129/month), marginally undercutting the SGD49.99/month charged by MyRepublic, a pure fiber broadband operator.
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