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My best guess, Temasek is looking for $2.60 to let go Keppep T& T' s M1 shares. But likely the potential buyer only willing to buy at this price if they can have both Keppel T& T and SPH M1 holding. after a year of negotiation.
ranger109 ( Date: 31-Mar-2017 21:32) Posted:
https://www.google.com.sg/search?q=temasek+to+unlock+telco+share& ie=utf-8& oe=utf-8& client=firefox-b-ab& gfe_rd=cr& ei=U1feWIWOJIPFoAOb6p3QCA#q=temasek+to+unlock+telecom+share& start=10& *
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https://www.google.com.sg/search?q=temasek+to+unlock+telco+share& ie=utf-8& oe=utf-8& client=firefox-b-ab& gfe_rd=cr& ei=U1feWIWOJIPFoAOb6p3QCA#q=temasek+to+unlock+telecom+share& start=10& *
Buying price normally compare again yearly moving adverage and few per cent premium over last closing price. So the agreed M& A price likely around $2.23. Consider current price include dividend of 0.059 still not a bad investment.
seanpent ( Date: 30-Mar-2017 09:14) Posted:
u mean plus minus 2.13 ? i.e. 2.02 to 2.23 ?
at a range of 2.02 to 2.23 ..... seems a cautious need to weigh the risk-reward factor .....
ranger109 ( Date: 28-Mar-2017 15:39) Posted:
Telekom Malaysia (Malaysia fix line operator) could be the potential buyer of M1. they likely only interested in Keppel T& T 19%. offer price around $2.13 +- 5%
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u mean plus minus 2.13 ? i.e. 2.02 to 2.23 ?
at a range of 2.02 to 2.23 ..... seems a cautious need to weigh the risk-reward factor .....
ranger109 ( Date: 28-Mar-2017 15:39) Posted:
Telekom Malaysia (Malaysia fix line operator) could be the potential buyer of M1. they likely only interested in Keppel T& T 19%. offer price around $2.13 +- 5%
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Telekom Malaysia (Malaysia fix line operator) could be the potential buyer of M1. they likely only interested in Keppel T& T 19%. offer price around $2.13 +- 5%
In the telecommunications sector, as of January 2015, the average P/E is about 30.
M1 P/E ratio is only about 13.5, investors can' t seem to make up their minds about whether or not the economy is heading into a recession or is starting to heat up. The usual suspects, widely regarded indicators, are sending out mixed signals. And stock valuations have been distorted by 4th telco license. Best chance for trade player now.
ranger109 ( Date: 27-Mar-2017 15:36) Posted:
can check from link below
https://en.wikipedia.org/wiki/Axiata
seanpent ( Date: 27-Mar-2017 15:17) Posted:
u mention Axiata has 100% control of Smart in Cambodia and Celcom in Malaysia ?
not impossible for Axiata to have similar interest in M1 ?
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can check from link below
https://en.wikipedia.org/wiki/Axiata
seanpent ( Date: 27-Mar-2017 15:17) Posted:
u mention Axiata has 100% control of Smart in Cambodia and Celcom in Malaysia ?
not impossible for Axiata to have similar interest in M1 ?
ranger109 ( Date: 25-Mar-2017 10:07) Posted:
Telcos have to shift from " Customers overpaying to a more Recurring Model" (larger customer base). Put money in a company with ready customer base serving highly propulated city is very attractive to trade player. Could be other player beside Axiata.
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u mention Axiata has 100% control of Smart in Cambodia and Celcom in Malaysia ?
not impossible for Axiata to have similar interest in M1 ?
ranger109 ( Date: 25-Mar-2017 10:07) Posted:
Telcos have to shift from " Customers overpaying to a more Recurring Model" (larger customer base). Put money in a company with ready customer base serving highly propulated city is very attractive to trade player. Could be other player beside Axiata.
investshare ( Date: 25-Mar-2017 09:43) Posted:
| Hmm got a point. But just wonder shouldn't Axiata to put money in high growth market |
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Telcos have to shift from " Customers overpaying to a more Recurring Model" (larger customer base). Put money in a company with ready customer base serving highly propulated city is very attractive to trade player. Could be other player beside Axiata.
investshare ( Date: 25-Mar-2017 09:43) Posted:
Hmm got a point. But just wonder shouldn't Axiata to put money in high growth market?
ranger109 ( Date: 25-Mar-2017 08:28) Posted:
if M1 totally owned by regional key player, it is possible for them to offer " regional service plan" - similar to EU standard tariff concept. Inmmigrats, foreigners and business travellers and coporations will perfer them over Singtel.
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Hmm got a point. But just wonder shouldn't Axiata to put money in high growth market?
ranger109 ( Date: 25-Mar-2017 08:28) Posted:
if M1 totally owned by regional key player, it is possible for them to offer " regional service plan" - similar to EU standard tariff concept. Inmmigrats, foreigners and business travellers and coporations will perfer them over Singtel.
investshare ( Date: 24-Mar-2017 21:42) Posted:
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if M1 totally owned by regional key player, it is possible for them to offer " regional service plan" - similar to EU standard tariff concept. Inmmigrats, foreigners and business travellers and coporations will perfer them over Singtel.
investshare ( Date: 24-Mar-2017 21:42) Posted:
What's the logic?
ranger109 ( Date: 24-Mar-2017 08:25) Posted:
in fact, less fragmented shareholding after M& A will put pressure on SingTel share price.
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What's the logic?
ranger109 ( Date: 24-Mar-2017 08:25) Posted:
in fact, less fragmented shareholding after M& A will put pressure on SingTel share price.
jack2906 ( Date: 24-Mar-2017 08:03) Posted:
most of them talking shit only~
whatever they say buy you sell and vice versa.. you sure win~
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Short volume
15 Mar 2017 - 263,300
16 Mar 2017 - 295,200
17 Mar 2017 - 1,457,100
20 Mar 2017 - 2,014,00
21 Mar 2017 - 509,800
22 Mar 2017 - 549,300
23 Mar 2017 - 323,200
24 Mar 2017 - 127,100
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seanpent ( Date: 24-Mar-2017 10:34) Posted:
interesting, still got plenty short positions to catch .....
ranger109 ( Date: 23-Mar-2017 20:04) Posted:
15 Mar 2017 - 263,300
16 Mar 2017 - 295,200
17 Mar 2017 - 1,457,100
20 Mar 2017 - 2,014,00
21 Mar 2017 - 509,800
22 Mar 2017 - 549,300
23 Mar 2017 - 323,200
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interesting, still got plenty short positions to catch .....
ranger109 ( Date: 23-Mar-2017 20:04) Posted:
15 Mar 2017 - 263,300
16 Mar 2017 - 295,200
17 Mar 2017 - 1,457,100
20 Mar 2017 - 2,014,00
21 Mar 2017 - 509,800
22 Mar 2017 - 549,300
23 Mar 2017 - 323,200
ranger109 ( Date: 22-Mar-2017 20:21) Posted:
15 Mar 2017 - 263,300
16 Mar 2017 - 295,200
17 Mar 2017 - 1,457,100
20 Mar 2017 - 2,014,00
21 Mar 2017 - 509,800
22 Mar 2017 - 549,300
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Kep T& T climbing ...
ranger109 ( Date: 24-Mar-2017 08:25) Posted:
in fact, less fragmented shareholding after M& A will put pressure on SingTel share price.
jack2906 ( Date: 24-Mar-2017 08:03) Posted:
most of them talking shit only~
whatever they say buy you sell and vice versa.. you sure win~
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2.23 to 2.74 .....
ranger109 ( Date: 24-Mar-2017 08:08) Posted:
DBS reprot
M1&rsquo s key shareholders &ndash Keppel T& T, Axiata Group Bhd (Axiata), and SPH &ndash have confirmed that they are in the midst of conducting a strategic review of their respective shareholdings, which may or may not result in a transaction. The three major shareholders &ndash who respectively have 19%, 29%, and 13% stake in M1 for a combined 61% stake &ndash have appointed a financial adviser to assist in the strategic review. While it may be possible that Axiata could look at buying out the stakes of the other smaller partners for full control of M1, all three shareholders may be considering a block sale as well, though identifying a buyer amid the competitive telecom market dynamics in Singapore could be tough.
M1&rsquo s last closing price on Thursday (before the news broke) was S$2.03, not far from our fundamental target price of S$1.97. Based on data of previous buyouts and privatisations for Singapore Exchange-listed companies, we believe the takeover premium could range anywhere between 10-35% over last close, which implies the transaction price, if any, could range between S$2.23 to S$2.74 per share. Given M1&rsquo s current market cap of around S$2 billion, any third-party acquirer would thus require around S$1.3-1.6 billion for the 61% stake held by the three existing major shareholders. Of course, such a move will also lead to a General Offer (GO) for minority shareholders, but if the acquirer intends to keep M1 listed, it may not be incentivised to offer a premium to minority shareholders during a GO.
Given that M1 is not a large proportion of the market caps of SPH and Axiata, the disposal of their stakes in M1 may not have a major impact on their valuations. In contrast, Keppel T& T will see the biggest impact as its investment in M1 accounts for 38% of its market value. We estimate that every 10% upside to M1&rsquo s share price could lift Keppel T& T&rsquo s value (last close of S$1.71/share) by 3.8% or 6.5 Singapore cents per share. We believe a sale of Keppel T& T&rsquo s stake in M1 will also lead to renewed expectations of privatisation by parent Keppel Corp. We believe this fits into Keppel Corp&rsquo s strategy to keep the main subsidiaries privately-owned for ease of management and resource allocation. We estimate Keppel T& T&rsquo s fair value to be around S$1.80-2.23. The lower band assumes 10% holding company discount and no M1 sale, implying 5% upside to current level.
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Sell on news, buy on rumors. Hype cooling down. price dropping. low volume and support.
in fact, less fragmented shareholding after M& A will put pressure on SingTel share price.
jack2906 ( Date: 24-Mar-2017 08:03) Posted:
most of them talking shit only~
whatever they say buy you sell and vice versa.. you sure win~
ranger109 ( Date: 23-Mar-2017 12:43) Posted:
OCBC Investment Research lead analyst Eugene Chua suggest Singtel worth 4.25 two days ago. now Singtel trading at 3.89. does it mean a good buy now. haha
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