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john_ric Supreme	17-Apr-2017 12:04        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	waiting for XD to see how much price drop. below 1.99 can " hop" . .
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leongyan Master	13-Apr-2017 17:43        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will be compared to same quarter last year. Probably same or drop within 5% guidance .. but given sale is still on table so maybe price is stable. We'll see destinykraze      ( Date: 13-Apr-2017 17:22) Posted: Results next week. Just hope it didn' t do very badly. global tension weighing on all counters.
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destinykraze Elite	13-Apr-2017 17:22        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Results next week. Just hope it didn' t do very badly. global tension weighing on all counters.
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chengwh1 Elite	13-Apr-2017 15:56        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Starhub bought quite some spectrum compared to M1 and TPG, but lesser than Singtel. investshare      ( Date: 09-Apr-2017 16:54) Posted: M1 CEO mentioned before that without sufficient 700MHz bandwidth, M1 need to invest in lots of signal station. With partnership with Starhub, the amount could reduce but could still be significant. So for Singtel the bidding is done and over. For M1, the challenge may just start.
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leongyan Master	13-Apr-2017 10:31        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	running up now after days of throwing.. my final lots were @ 2.11.. hope things resume upwards :) seanpent      ( Date: 06-Apr-2017 09:28) Posted: thinks it' s not a bad  entry level  ..... seems a  viable trade, for a potential return to 2.17 / 2.18 ..... if  there' s a follow up  news of the strategic review, then will be a bonus if it does goes higher than 2.17 / 2.18 ..... wish u luck .....   leongyan      ( Date: 06-Apr-2017 09:11) Posted: Grab some at 2.09
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investshare Supreme	09-Apr-2017 16:54        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	M1 CEO mentioned before that without sufficient 700MHz bandwidth, M1 need to invest in lots of signal station. With partnership with Starhub, the amount could reduce but could still be significant. So for Singtel the bidding is done and over. For M1, the challenge may just start.
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seanpent Supreme	06-Apr-2017 14:26        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	think 2.48 to 2.55 is a reasonable good investment for someone who has the spare capital to set aside for the long haul ..... without having to look at the day to day fluctuations ..... population demographics and consumer demands are evolving ..... ranger109      ( Date: 05-Apr-2017 20:49) Posted:   FINANCIAL PERFORMANCE  M1 announced its 2016 full year result. Operating earning fell 9% on a year on year basis in line with its historical safety margin. On quarterly basis, it registered the following operating performance, Q1 flat at 83m, Q2 down 2% to 82m, Q3 down 14% to 75m and Q4 down18% to 72m. The fall in operating earning largely reflected the severe slowdown in domestic and global economy which dampened the comsumption mood of consumers. Beside the telco industry, the slowdown of the domestic economy can also be found in media industry, which is a good proxy for the measurement of the overal economy peformance. Continuous declined in SPH advertising income reflected that companies had cut back their advertising budget due to sluggish demand in consumption. Further evidence can be found from clousre of shopping outlets and reduction in purchase of luxury items such as smartphone and automobile. To summaries, consumers had tightened their purse string in 2016.  M1 2016 operating profit margin continue to remain stable at 29.41% as compared to 29.56% in 2015 which reflected that the company continue to maintain its operative efficiency even though its revenue have fallen by 8%. This is not an easy task to maintain as operating costs are sticky downward, a fall in revenue will often squeeze its operating margin, hence the performance of m1 management continue to be well appraised.  Debt ratio increased from 86% in 2015 to 100% in 2016 due to higher investment in fixed assets and licensing. Operating profit to interest cost coverage fell to 45 times as compared to 68 times in 2015 due to higher borrowing and increased in interest rate. As an investor, i would prefer the management to stop paying dividend for the next 2 years to concentrate on reducing its debts. Nevertheless, i still respect and have my full support to its management decision in distributing dividend to its shareholders if it deemed to be appropriate.  OPERATING PERFORMANCE  M1 q4 handset sales rebounded strongly and registered positive growth of 14% on a year on year basis, on a quarter to quarter basis, it clocked 117% as compared to q3 due to higher sales volume and increased in selling prices. The increased in handset sales were partially contributed by an increased in customer base to 2.179million in Q4 as compared to 2.146million in Q3, thus the last quarter of 2016, M1 had added 33,000 customers to its customer base, representing a 1.6% increased on a quarter to quarter basis.   Nevertheless, on a yearly basis, its handset sales still fell by 24% and it is still too early to indicate that consumption for luxury items have picked up, thus monitoring in progress of coming quarters still need to be done.  Mobile revenue for the whole year fell by 2% to 806m as compared to 822m in 2015. As revealed by M1, the fell in mobile revenue was due to change in consumer behavior to consuming more on data storage than conventional mobile usage. Nebertheless, I believe that the fall in mobile revenue should have been mitigated by an increased in customer base of 6% to 2.179million as compared to year 2015, otherwise it should be more severe. Once again, M1 management have contributed significantly in reducing the negative impact to its bottomline given a slowdown in economy plus a change in consumption behavior.    OUTLOOK  Given the strong rebound export data for both Nov and Dec 2016 and an end to sg deflationary wave with a CPI growth of 0.1% in Dec 2016, in addition with a stabilising oil outlook, the deterioting outlook for sg economy should be buffered in the coming quarters. As an investor, i continue to monitor the impact to m1 earning given the entry of a new player and i advise that there is no need to be over reacted, investors should remain calm and observe the degree of impact from its coming quarter reports to adjust it falr value accordingly. everything is still too early to be concluded.    I continue to remain in confident with m1 management and till date im satisfied with its performance and i continue to remain cautiously optimistic in m1 ability to compete and excel given time. Thus, im pleased to forcast a modest growth in m1 operating earning for 2017 by 3.5% and have my estimated fair value revised up from    SGD2.48 to SGD2.55. Investors are advised that the estimated fair value is based on a long term horizon and i have no timeline to realise its value. Investors with a short term investment horizon are advised not to follow.
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danger Supreme	06-Apr-2017 09:34        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	market already grumbling about another case of strategic review by another company . Mgmt brought it up 1.5 year ago and today still nothing
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MichaelSchenker Master	06-Apr-2017 09:34        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually I did not mean the opening price, nor   the closing price for today. It is meant as a buy (or add) target for myself in the coming days or weeks. And if it did not happen, then good, because I' m still holding some.  leongyan      ( Date: 06-Apr-2017 08:50) Posted: Unlikely to hit low or below $2.. The divestment is still on the table and earnings are still ok by telco standards. Expected earnings IMO.. let's see how things go at open MichaelSchenker      ( Date: 06-Apr-2017 08:07) Posted: I guess those of us who bought recently did not buy for the financial results. But we still have to brace ourselves for somewhat expected " not ideal" results. Did market price in the results? We shall see. If M1 goes below $2, it' s time to buy (more) I think it' s very unlikely to hit my sell TP of 2.50
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seanpent Supreme	06-Apr-2017 09:28        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	thinks it' s not a bad  entry level  ..... seems a  viable trade, for a potential return to 2.17 / 2.18 ..... if  there' s a follow up  news of the strategic review, then will be a bonus if it does goes higher than 2.17 / 2.18 ..... wish u luck .....   leongyan      ( Date: 06-Apr-2017 09:11) Posted: Grab some at 2.09
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leongyan Master	06-Apr-2017 09:11        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Grab some at 2.09
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leongyan Master	06-Apr-2017 08:50        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unlikely to hit low or below $2.. The divestment is still on the table and earnings are still ok by telco standards. Expected earnings IMO.. let's see how things go at open MichaelSchenker      ( Date: 06-Apr-2017 08:07) Posted: I guess those of us who bought recently did not buy for the financial results. But we still have to brace ourselves for somewhat expected " not ideal" results. Did market price in the results? We shall see. If M1 goes below $2, it' s time to buy (more) I think it' s very unlikely to hit my sell TP of 2.50
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MichaelSchenker Master	06-Apr-2017 08:07        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	I guess those of us who bought recently did not buy for the financial results. But we still have to brace ourselves for somewhat expected " not ideal" results. Did market price in the results? We shall see. If M1 goes below $2, it' s time to buy (more) I think it' s very unlikely to hit my sell TP of 2.50
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leongyan Master	06-Apr-2017 07:59        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Might suffer a temp drop at open.. can take opp to trade. DYODD
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ranger109 Member	05-Apr-2017 20:49        ranger109 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 1  Alert Admin	FINANCIAL PERFORMANCE  M1 announced its 2016 full year result. Operating earning fell 9% on a year on year basis in line with its historical safety margin. On quarterly basis, it registered the following operating performance, Q1 flat at 83m, Q2 down 2% to 82m, Q3 down 14% to 75m and Q4 down18% to 72m. The fall in operating earning largely reflected the severe slowdown in domestic and global economy which dampened the comsumption mood of consumers. Beside the telco industry, the slowdown of the domestic economy can also be found in media industry, which is a good proxy for the measurement of the overal economy peformance. Continuous declined in SPH advertising income reflected that companies had cut back their advertising budget due to sluggish demand in consumption. Further evidence can be found from clousre of shopping outlets and reduction in purchase of luxury items such as smartphone and automobile. To summaries, consumers had tightened their purse string in 2016.  M1 2016 operating profit margin continue to remain stable at 29.41% as compared to 29.56% in 2015 which reflected that the company continue to maintain its operative efficiency even though its revenue have fallen by 8%. This is not an easy task to maintain as operating costs are sticky downward, a fall in revenue will often squeeze its operating margin, hence the performance of m1 management continue to be well appraised.  Debt ratio increased from 86% in 2015 to 100% in 2016 due to higher investment in fixed assets and licensing. Operating profit to interest cost coverage fell to 45 times as compared to 68 times in 2015 due to higher borrowing and increased in interest rate. As an investor, i would prefer the management to stop paying dividend for the next 2 years to concentrate on reducing its debts. Nevertheless, i still respect and have my full support to its management decision in distributing dividend to its shareholders if it deemed to be appropriate.  OPERATING PERFORMANCE  M1 q4 handset sales rebounded strongly and registered positive growth of 14% on a year on year basis, on a quarter to quarter basis, it clocked 117% as compared to q3 due to higher sales volume and increased in selling prices. The increased in handset sales were partially contributed by an increased in customer base to 2.179million in Q4 as compared to 2.146million in Q3, thus the last quarter of 2016, M1 had added 33,000 customers to its customer base, representing a 1.6% increased on a quarter to quarter basis.   Nevertheless, on a yearly basis, its handset sales still fell by 24% and it is still too early to indicate that consumption for luxury items have picked up, thus monitoring in progress of coming quarters still need to be done.  Mobile revenue for the whole year fell by 2% to 806m as compared to 822m in 2015. As revealed by M1, the fell in mobile revenue was due to change in consumer behavior to consuming more on data storage than conventional mobile usage. Nebertheless, I believe that the fall in mobile revenue should have been mitigated by an increased in customer base of 6% to 2.179million as compared to year 2015, otherwise it should be more severe. Once again, M1 management have contributed significantly in reducing the negative impact to its bottomline given a slowdown in economy plus a change in consumption behavior.    OUTLOOK  Given the strong rebound export data for both Nov and Dec 2016 and an end to sg deflationary wave with a CPI growth of 0.1% in Dec 2016, in addition with a stabilising oil outlook, the deterioting outlook for sg economy should be buffered in the coming quarters. As an investor, i continue to monitor the impact to m1 earning given the entry of a new player and i advise that there is no need to be over reacted, investors should remain calm and observe the degree of impact from its coming quarter reports to adjust it falr value accordingly. everything is still too early to be concluded.    I continue to remain in confident with m1 management and till date im satisfied with its performance and i continue to remain cautiously optimistic in m1 ability to compete and excel given time. Thus, im pleased to forcast a modest growth in m1 operating earning for 2017 by 3.5% and have my estimated fair value revised up from    SGD2.48 to SGD2.55. Investors are advised that the estimated fair value is based on a long term horizon and i have no timeline to realise its value. Investors with a short term investment horizon are advised not to follow.
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leongyan Master	05-Apr-2017 16:17        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	cannot dont buy one.. spectrum play is taking all telco down today.. pick on dips playst      ( Date: 05-Apr-2017 15:16) Posted: If I am M1 I will just walk out and withdraw  from the spectrum auction rather then paying so much for it.
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gopguppy Veteran	05-Apr-2017 16:11        gopguppy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Competition is only going to get more intense, with a significant drop in revenue and possibly market share. Starhub and M1 are going to suffer. Even if a foreigner buys M1, the competitive landscape will not change much. Business will still be cut throat with thinner margins. That' s why it makes a lot of sense for Starhub to buy out the shares of M1 to save both their businesses.   If both owners sit down and think through rationally, I think both will realise merging is the best option.  Time to forget about pride, ego and uncomfortable reporting changes. pasttime      ( Date: 05-Apr-2017 15:18) Posted: expecting telco to pass on the higher cost to consumer.therefore giving scope of increased revenue for all telco.
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pasttime Supreme	05-Apr-2017 15:18        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	expecting telco to pass on the higher cost to consumer.therefore giving scope of increased revenue for all telco.
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playst Member	05-Apr-2017 15:16        playst About Contact  Quote this Post!
x 0   x 0  Alert Admin	If I am M1 I will just walk out and withdraw  from the spectrum auction rather then paying so much for it.
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destinykraze Elite	05-Apr-2017 09:47        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Based on the spectrum auction, m1 is falling out from the telco race. Hence, the price fall for m1 is the hardest. analysts expects poorer results for this quarter too. M1 can only look forward for take-over bids, if any.
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