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M1 Limited wishes to announce that it will release its Second Quarter and Half Year 2014
financial results after close of trading on 21 July 2014.
http://infopub.sgx.com/FileOpen/Date%20o...eID=303620
retailers collecting M1 one lot by one lot at 3.51 now.
pls check.
both m1 and starhub dropping today...hmm.. any bad news for telcos?
it is possible that M1' s share price , to follow starhub , over-taking sgtel' s share price soon.
telco small brother jump jump... cute cute.
john_ric ( Date: 06-Jun-2014 15:53) Posted:
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wow wat happen.
M& A ???
+2.3%
normal price fluctuation.
3 cts only.
M1 is sliding down. Do you know what is happening?
3.50 now
I still accumulating this share at $3.45, nice distribution of it' s dividend.... My target to stop buying at $3.5...
M1 - Mobile growth continues on higher data usage and data monetisation
- 1Q14 revenue was 1.2% lower y-y at S$240m, resulting from lower handset sales. Excluding handset sales, service revenue was higher 2.1%y-y.
- Net profit increased 4.4%y-y to S$42.8m for the quarter, driven mainly by growth in mobile, on higher subscriber base and data usage.
- Maintained positive outlook for FY14 on continuing growth in mobile services from data monetising.
- " Accumulate&rdquo with TP of S$3.68
M1 Ltd announced its 1Q14 results on 14 Apr 2014. Net profits increased 4.4% y-y to S$42.8m on growth from mobile and fixed services, offset by a decline in international call services. EBITDA margin on service revenue improved to 40% due to lower handset costs and traffic expenses, which resulted from lower handset sales volume and lower bilateral revenue respectively. Management continues to guide for moderate growth in earnings for FY2014.
M1 will continue to invest in its mobile network enhancements, and will launch VoLTE over its 4G networks in the coming months. Upgrade of its 4G network to LTE-Advanced is expected to be completed by end 2014, which offers speed of up to 300 Mbps. Management has shared its outlook on increasing demand by SMEs for ICT and hispeed connectivity solutions in the enterprise space for fixed services. The recently announced S$500m ICT program initiative by the government would partly help to drive demand. Management will continue to enhance M1' s solution offerings to meet the requirements by SMEs for their ICT solutions.
How we view this
We continue to like M1 and remain optimistic on its outlook for FY14 due to continuing growth in mobile and fixed services and its attractive dividend yield of over 4%. Growth would be driven by higher mobile data revenue and increasing fibre broadband customer base.
Investment Action
We made minor revision to our estimates to reflect 1Q14 earnings, while we remain positive on further growth potential in earnings for M1. Data monetisation will continue to be the key growth driver. We maintain " Accumulate" rating with TP of S$3.68, implying forward FY14F P/E of 20.5x.
Source: Phillip Securities Research
M1 (M1 SP, B2F)
Technical BUY with +13.7% potential return
Last price: S$3.34
We maintain our technical BUY (featured on 13 Feb 14) and target price of S$3.80. The stock may continue to trend higher after ex-dividend and appears to be well supported at its rising 200-day EMA and looks poised to retest S$3.50 in the near term. Its 14-day Stochastics indicator has hooked up to form a bullish crossover and could move out of its oversold region as its MACD histogram has also turned up and looks poised to move above its centreline. Protective (trailing) stops could be placed at S$3.26.
Our institutional research has a fundamental BUY with a target price of S$3.85.
UOBKayHian ...last:$3.37...
Too ex to load. News over.Good luck.
guoyanyunyan ( Date: 16-Apr-2014 06:58) Posted:
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http://sgx.i3investor.com/servlets/ptres/6063.jsp
Target Px of 3.8..CIMB issued 15/4
http://sgx.i3investor.com/servlets/ptres/6049.jsp
Target Px of 3.65
- Maintain BUY, SGD3.65 TP. We make no changes to our forecasts and TP on the back of management' s reaffirmed guidance. M1 remains our top Singapore telco pick as it has lower competitive and execution risks and is making good strides in monetising data.
M1: Decent start to FY14 maintain HOLD
M1 Ltd posted 1Q14 revenue of S$240.2m, though down 1.2% YoY and 13.8% QoQ, it still met about 23.4% of our FY14 forecast net profit grew 4.3% YoY and 5.6% QoQ to S$42.8m, or about 25.8% of our full-year forecast.
Going forward, management continues to believe that it can continue to achieve moderate earnings growth (within the single-digit range). It is keeping capex guidance at S$130m due to ongoing upgrades to its mobile network.
As the earnings were mostly in line with our forecasts, we opt not to adjust our numbers at this stage. Although post-paid acquisition cost came down, we believe it could rise again with the launch of the Samsung S5 in 2Q and possibly the new Apple iPhone 6 in 3Q. As we are retaining our DCF-based fair value at S$3.30, we see limited upside from here. Maintain HOLD. ...last:$3.31...
M1 posted a 4.4 per cent increase in net profit at S$42.8 million for the first quarter ended March 31, 2014, after the market closed on Monday.
Operating revenue was S$240.2 million, down 1.2 per cent from the same period a year ago.
Earnings per share were 4.6 Singapore cents for the quarter, up from 4.5 Singapore cents a year ago.
...
M1 1q results out.
..(by MayBank, below)
April 9, 2014
Singapore SECTOR
Singapore TelcosHandset subsidiesin freefall
..
Maintain NEUTRAL on sector with BUY on StarHub and M1unchanged.
M1 preferred forlikelihood of special dividend.
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Lower handset subsidies for popular models such asSamsung
Galaxy S5 and HTC One M8 should see telco margins benefit.
..
Government cut on SIM cards from 10 to three per sub could hurt prepaid mobile revenue .
Ambush at hillpoint 2.40
Eversince only this sugar daddy give me lot of reaso why old pple shd really buy divivdend to yang lao.
Eversince only this sugar daddy give me lot of reaso why old pple shd really buy divivdend to yang lao.
danytan ( Date: 21-Jan-2014 09:34) Posted:
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