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M1
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leongyan
Master |
21-Apr-2017 17:17
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i feel big boys will press it down until the cards are on the table.. so look out for trends.. if it goes further below and stagnates for a while, good time to slowly collect.. once the DD is done, I am pretty sure it will bounce right up again. Off course timing is everythig but we are not privy to insider info
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seanpent
Supreme |
21-Apr-2017 14:35
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On 17 Mar 2017, touched 2.02 and rallied to 2.19 after the strategic review announcement ..... Subsequent day, it hit a high of 2.28 ..... It' s slightly more than a month since ..... guess it' s about time for some updates .....
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seanpent
Supreme |
21-Apr-2017 14:16
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DBS quite spot on ..... hopefully 2.23 - 2.74 will be seen .....
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seanpent
Supreme |
21-Apr-2017 14:14
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think it' s time they give a follow-up update on the strategic review ? |
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pasttime
Supreme |
20-Apr-2017 13:02
Yells: "gold silver are real money. not others iou." |
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m1has many services that can become a star income performance.go employ good sales to sell. no poin to launch and think it will grow by itself. example: for business cloud solutions.
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ranger109
Member |
20-Apr-2017 08:56
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M1 suffers from mobile ARPU headaches anewAverage revenue per user in the prepaid segment slipped 4.5%. Singapore telco M1 continually suffered from revenue cuts in its mobile segment in the past quarter. According to DBS Vickers Securities, M1' s postpaid mobile revenues were flat as the increase in customer base driven by the increase in SIM-only and Circles.Life customers offset the decline in gross average revenue per user (ARPU) at $55.8, down 2.3% QoQ. Meanwhile, prepaid mobile revenues continued to decline, with ARPUs slumping by another 4.5% QoQ to $11. " We continue to expect pressures in mobile ARPU going forward owing to the impending entry of the fourth mobile player, TPG," the brokerage firm said. |
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ranger109
Member |
20-Apr-2017 08:45
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By 
In 2016, telecoms regulator Infocomm Media Development Authority (IMDA) endeavored to instill a fresh lease of life in Singapore&rsquo s mobile sector. The incumbent operators now face competition from two new players in a saturated market. Australian broadband provider TPG Telecom, one of the new players, won Singapore&rsquo s new entrant spectrum auction in December 2016 and has become the country&rsquo s fourth mobile network operator (MNO). TPG outbid local firm MyRepublic to win 60 MHz of spectrum &ndash 20 MHz in the 900-MHz band and 40 MHz in the 2.3-GHz band &ndash and is expected to launch services before 1H18. Circles.Life, the other new player, entered the market as a mobile virtual network operator (MVNO) in May 2016 to offer 4G services. It targets a niche segment of online-savvy and data-hungry users with a business model based on online channels and service delivery. These developments are significant because it marks the first time in 15 years that the three-way hold on Singapore&rsquo s mobile market by the three incumbents, Singtel, StarHub, and M1, has ultimately loosened. Ovum believes the introduction of a fourth MNO has kicked the market out of complacency. Stage is set to encourage competition For a long time, Singapore represented a stagnant market, one that lacked competition. The incumbents offered almost the same products, which returned high ARPU and profitability. As a result, the regulator encouraged the entry of a new player to bring in competition to the mobile sector. In the lead-up to the spectrum allocation to TPG, the mobile market witnessed price competition over the past 12&ndash 15 months as the reality of a fourth mobile operator gained momentum. For example, all of the incumbents launched aggressive data add-on plans for a flat fee, and they aggressively promoted SIM-only plans over the past year. The rise in competition is already visible with the sector&rsquo s service revenue and ARPU declining over the last nine months. More aggressive data pricing in the future is expected to take its toll on data monetization across the industry and put pressure on service revenues. Price competition is not the best way to compete as it erodes profitability. Instead, the incumbents have a good opportunity to roll out innovative products and services that will help to differentiate against rivals. Circles.Life, the new MVNO, has adopted a service innovation approach rather than merely offering the cheapest data plan. A key Circles.Life innovation is the ability for its users to customize monthly plans in real time through a dedicated mobile app. The road ahead The entry of TPG Telecom as an MNO has certainly unsettled the incumbents. They find themselves amid aggressive price promotions and declining service revenues. TPG has acquired an advantageous mix of spectrum. The low-band 900-MHz frequency has better propagation characteristics with longer range and better in-building coverage, which minimize capex and are appealing from an economic standpoint. The 2.3-GHz frequency band provides capacity for high data throughput. These spectrum assets will enable TPG to compete on a level playing field with the incumbents. TPG has a vast experience in operating the broadband business in a mature Australian market, which it can effectively put to use in Singapore. It is worth noting that TPG is Australia&rsquo s second-largest fixed broadband (FBB) service provider, even larger than Optus. It has experience in operating a low-cost FBB business, which is aimed at value-seeking users. It is not going to be an easy sail for TPG. The IMDA has laid out strict network coverage targets for the new MNO. TPG will be required to provide a nationwide street-level 4G coverage within 18 months from the commencement of the new spectrum rights in April 2017. TPG could face multiple challenges in rolling out a competitive network, including capex outlay, a lack of access to base station sites (mandatory site sharing was not part of the license win), and network coverage gaps. Depth of network coverage (e.g. in elevators, stairwells) is a key factor in Singapore. Singapore is a saturated market with well-established incumbent players and a SIM card penetration rate of more than 150%. Although aggressive pricing will delay TPG&rsquo s breakeven period, its ability to bundle services and differentiate on customer service will enhance its competitiveness. TPG is relatively unknown in Singapore, and it will need to run a lean operation in the initial years as it spent S$105 million ($72.4 million) to win the spectrum at the auction. However, the Australian broadband provider can leverage Singapore&rsquo s NG-NBN to open up bundling possibilities in the long run. TPG should consider new bundling opportunities as traditional multiplay bundles in the Singapore market are under pressure. Who is the winner in the new market? It is the customer. As competition rises with new players entering the market, customers will receive more attention and better offers from existing players. The existing operators will need to walk that &ldquo extra&rdquo mile to keep customers happy, which is going to be their greatest challenge. |
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ranger109
Member |
20-Apr-2017 08:37
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TPG Telecom shares have slumped in their first trading session since the internet provider launched a capital raising to help fund its plan for its own mobile network. TPG plans to spend $1.9 billion to build Australia' s fourth mobile network after securing premium mobile broadband spectrum in a government auction. The company is raising $400 million through a rights offer to help fund its spectrum acquisition, issuing new shares to investors at $5.25, a hefty discount to its $6.54 share price before the announcement. TPG has raised about $81.5 million from institutional investors and another $238 million from executive chairman David Teoh and associates and key shareholder Washington H Soul Pattinson, taking proceeds to $320 million. The balance is to be raised via an offer to retail shareholders. TPG shares have dropped close to the entitlement offer price, hitting a low of $5.33 soon after a trading halt was lifted. The shares ended the session down $1.04, or 16 per cent, at $5.50. TPG' s move into the mobile market continues to unnerve Telstra investors, with the leading telco' s shares down 3.9 per cent at $4.00 on Thursday, and down 7.6 per cent since TPG' s announcement. |
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TMW1986
Master |
20-Apr-2017 08:06
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M1 don't worth so much basis the fair value. I think around 1.80 only. But because of those strategic review make the price go up. But if it didn't go through, it will fall back again. Who will buy M1 at $2.12 when the stock didn't perform and profit keep dropping?
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ranger109
Member |
20-Apr-2017 08:02
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The higher the requency the higher the losses, the more base station will be needed to achieve similar coverage as 900MHz, that is why 700MHz spectrum is favorable and more expensive compare to 2500 or 2600MHz. Anyway the 700MHzis to be used for 3-carrier aggregation, up to 600mbps. Your monthly data quota will finish very very fast - 600mbps is based on the existing 64QAM modulation, if telco go for 256QAM modulation, can cheong up to 1Gbps. |
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pasttime
Supreme |
20-Apr-2017 01:35
Yells: "gold silver are real money. not others iou." |
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all three telco are offering $5.90 addon for increased bandwidth. surely these increased will more then offset the increased in cost. evident that telco knows what they are doing versus analyst harping over payfor bandwidth. |
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pasttime
Supreme |
20-Apr-2017 01:23
Yells: "gold silver are real money. not others iou." |
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one analyst, analysis is loop sided on the negative on this counter leh. 1. e analyst said higher spectrum cost means more money pay out. my view since all telco willing to pay more means it is worth that price. why an analyst who is not in the telco business is able to constantly said it is expensive ? loose money business got people do meh? 1.1 since new spectrum cost more, does it means that their current portfolios of spectrum is worth more. can these assset be revalued? 2. about competiton. all three telco also has 2500mhz allocated earlier and at lower cost. thus far not much heard about success of these wimax spectrum. so if new entrance can make it useful. surey all three telco can monkey see monkey do. what if the new comer really only smokescreen with their singapore bid. to aid their australia bid in which they took 700mhz. 3. the sale projection was a negative forward. how to believe? with sin city going smart nation, telco providing the back bone has more to gain. edge devices are demanding more bandwidth in the time ahead. like gps maps, apps for retail customer order. etc video on demand also growing since bandwidth so cheap no need to download then play already. |
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rlong8288
Master |
19-Apr-2017 17:18
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Keppel T& T could ditch its 19% stake in M1The possible sale would enable Keppel T& T to recoup $380m capital. Keppel Telecommunications and Transportation is said to undertake a strategic review of their shareholdings of Singapore telco M1. According to CIMB, Keppel T& T has a 19% of stake in the telco. " The move makes sense to us as the M1 stake is deemed a non-core investment for Keppel T& T," the brokerage firm said. A possible divestment of the M1 stake would enable the group to recoup $380m in capital based on M1&rsquo s current price of $2.12. It can also deploy the proceeds to its higher-return core businesses such as data centre and logistics. - See more at: http://sbr.com.sg/telecom-internet/news/keppel-tt-could-ditch-its-19-stake-in-m1#sthash.ckcGK4Jg.dpuf
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sgtrader18
Veteran |
19-Apr-2017 16:46
Yells: "dont buy if you cant lose - i'm no shortist, i'm a realist." |
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is this old news? http://sbr.com.sg/telecom-internet/news/keppel-tt-could-ditch-its-19-stake-in-m1 |
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leongyan
Master |
19-Apr-2017 10:47
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If anyone got it 2.04 is a good catch. 2.05 is also ok
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MichaelSchenker
Master |
19-Apr-2017 09:20
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I don' t think it' s a wise action at all. How much are the kateks expecting to make? Versus the risks. Already XD 6 cents which is quite expected.
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john_ric
Supreme |
19-Apr-2017 09:16
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shortists start actions.
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leongyan
Master |
19-Apr-2017 08:24
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The sale is keeping the share price steady else it would have tanked like starhub and Singtel. When TPG comes in, earnings will be under pressure
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ranger109
Member |
19-Apr-2017 07:42
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OCBC research, they basis P/E ratio of 13 M1 | HOLD 1Q17 WITHIN EXPECTATIONS - Lower mobile revenue - Mobile ARPU still falling - Keeping forecasts largely unchanged M1 Ltd (M1) reported a set of in-line 1Q17 results as revenue grew 1.2% YoY to S$260.7m on the back of higher fixed services revenue (+22.4%) and handset sales (+9.2%) but partly offset by weaker mobile revenue (-3.5%) and international call services (-10.9%). 1Q17 operating expenses, however, rose at a faster pace of 4.3% to S$214.1m, driven mainly by higher: 1) handset costs, 2) wholesale costs of fixed services, 3) staff costs, and 4) depreciation and amortisation. Consequently, PATMI fell 14.6% to S$36.3m while EBITDA declined 5.1% to S$79.0m, with the latter forming 24.6% of our FY17 forecast. In our view, M1&rsquo s current share price is still largely supported by a potential takeover transaction as its major shareholders conduct strategic review of their stakes. On largely unchanged forecasts apart from incorporating the most recent spectrum auction outcome, maintain HOLD on M1 with the same FV of S$1.96. |
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rlong8288
Master |
18-Apr-2017 14:07
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Block sale by M1 major shareholders could also lead to general offer: DBS By:
PC Lee
18/04/17, 12:19 pm SINGAPORE (April 18): DBS expects an offer price range of between $2.23-2.74 per share if M1&rsquo s possible takeover scenario is realised. This is based on data of previous buyouts and privatisations for SGX-listed companies which saw a takeover premium of between 10-35% over last close before announcement. Advertisement
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