M1   

M1

Morgan Stanley recommends BUY with Target Price at $3

 We raise our 2011–12e earnings by 13–16%, while our price target moves from S$2.40 to S$3.00 following strong 2010 results.  Not only has the company continued to see improved revenue momentum on smartphone take-up, the announced special dividend of 3.5 cents takes the 2010 dividend yield to 7%, a level we believe can be sustained in the near future.  

4Q10 results update.  Net income beat our forecasts by 11% on strong revenue growth as smartphone penetration continues to rise in Singapore.  Management guided for 2011 profits to surpass 2010 levels, capex of S$100mn and a proactive balance sheet management approach.
Where we differ:  We remain believers in the wireless data opportunity in Asia and prefer developed markets over emerging markets given higher affordability levels for smartphones.  We continue to advise Overweight positions in DM telcos vs EM telcos in 2011..

Life Is Great 

 

SINGAPORE, Jan 19 (Reuters) - M1 , Singapore's smallest mobile phone operator, said its fourth quarter net profit rose 0.7 percent, as higher operating revenue was offset by a rise in operating expenses.

M1 had a net profit of S$37.5 million ($29.2 million) for the three months ended Dec 31, up from S$37.2 million in the year-ago period, it said in a statement.

The company's operating revenue rose 20.9 percent to S$261.4 million in the fourth quarter from S$216.2 million a year ago, due to higher service revenue and handset sales. ($1 = 1.283 Singapore Dollars)

(Reporting by Charmian Kok) ((charmian.kok@thomsonreuters.com)(+65 6403 5666)(Reuters Messaging: charmian.kok.reuters.com@reuters.net)) Keywords: M1

 

Our pivot point is at 2.43.

Our preference: the upside prevails as long as 2.43 is support.

Alternative scenario: below 2.43, expect 2.37 and 2.33.

Comment: the RSI is trading above 70. This could mean that either the stock isin a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).

The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is aboveits 20 and 50 day MA (standing respectively at 2.4 and 2.33). MobileOne iscurrently trading near its 52 week high reached at 2.53 on 17/01/11.

Supports and resistances: 2.67 *2.63 **2.59 2.49 last 2.46 2.43 **2.37 *

//TRADING CENTRAL is a commentary service specialising in technical analysis//

// A much preferred telco company among the present 3 telcos in singapore //

 

 

M1 Declared Dividends for FY2010. earn lots of $$$

M1 Limited (M1) announces Net profit after tax increased 4.5% to S$157.1 million for year 2010

The Board of Directors has recommended a final tax-exempt dividend of 7.7 cents per share, and in addition, a s pecial dividend of 3.5 cents per share, taking full year payout to 100% of net profit after tax for 2010. 

see the news below : 

http://en.ocworkbench.com/mobile-news/m1-limited-m1-announces-net-profit-after-tax-increased-4-5-to-s157-1-million-for-year-2010/

 

 

This is kidding.

 

although it looks overbought. medium term is a buy with $2.80 in sight.

Earning likely to surprise,

everyone should buy instead of short.

it is increasing price with higher volume.

Real interest is getting steam., just like starhub that hit $3 from below $1 when it started its pay TV.

Look like history going to happen soon .

Just dont short till it reach $3

 

Tomorrow.

 

i agree. Time to short. Tell me when start..

genting^2      ( Date: 14-Jan-2011 14:28) Posted: Time to short M1.

 

Time to short M1.

 

Yes, M1 finally makes sun, going to $2.60 by CNY.

Likely divdend of ten cents with the good results

 

M1 just broke its all time resistance and going to break it fast and furious to hit at least $2.60 within 1 year.

 

For those playng dividend,, this one is a good one to catch some capital gain.

 

Able to catch at 227-228 during the next few days correction would be good

 

Comparison of SingTel, StarHub and M1.
http://mystocksinvesting.com/singapore-stocks/starhub/comparison-of-singapore-telco-companies-stocks/

 

UOBKH recommends BUY with Target Price at $2.62

 Valuation/Recommendation 

• Our target price for M1 is S$2.62 based on DCF (required rate of return: 

8.5%, terminal growth: 0%). 

Share Price Catalyst 

• M1 has a low net debt/EBITDA of 1.0x, below optimal level of 1.5x. Thus, 

M1 is likely to reward shareholders with special dividends or capital 

reduction exercises. 

• Bundling of multiple services allowing M1 to improve retention of core 

mobile subscriber base.

Wish you a profitable trading day 

 

Shot up for no reasons.

 

do not forget the initial investment and return of equity can take years.......

bsiong      ( Date: 19-Nov-2010 09:36) Posted:     M1 (M1 SP, $2.25, BUY, TP $2.63) – M1’s initial Pay TV service is fairly modest but we believe this is just the tip of the iceberg, with a bigger splash coming by 1H11 when content cross-carriage is implemented. We expect M1 to be a beneficiary of the immense potential of interactive IPTV, particularly when the common featured set-top box is implemented. Maintain BUY.   /KimEng

 

 

 

M1 (M1 SP, $2.25, BUY, TP $2.63) – M1’s initial Pay TV service is fairly modest but we believe this is just the tip of the iceberg, with a bigger

splash coming by 1H11 when content cross-carriage is implemented. We expect M1 to be a beneficiary of the immense potential of interactive

IPTV, particularly when the common featured set-top box is implemented. Maintain BUY.

 

/KimEng

 

 

M1 Limited 

said it has increased its investment in M1 Net Ltd, a wholly owned subsidiary, to S$5 million S$25,000. M1 will be allotted an additional 4.98 million ordinary shares in M1 Net for S$4.98 million. The new shares were allotted as a result of the conversion to equity of part of certain intercompany loans extended by M1 to M1 Net Ltd amounting to S$4.98 million.

 

M1 is now quad play with PAY TV with 1BOXe running on broadband (IPTV). Limited contents but should have more in the near future. It runs on ADSL, Cable or NBN from all operators , but you have to loan the device from M1 (using your friend's M1 broadband account). A bit limited in features.

It might have some impact on the pricing come Monday. take note.

Here is the press release and pictures

http://en.ocworkbench.com/tech/m1-ltd-enters-singapore-iptv-market-with-1box-bringing-an-array-of-compelling-content-and-services-to-the-tv-screens-of-m1-home-broadband-customers/

 

 

Is there someone accumulating? Can some experts pls advise.

genting^2      ( Date: 03-Nov-2010 11:21) Posted: It seems to be wandering between 2.20 to 2.25. Other telcos like Starhub has Soar, so is Singtel. Why is M1 still stucked down there? pantoo      ( Date: 06-Sep-2010 17:55) Posted: new 52-week high!

 

It seems to be wandering between 2.20 to 2.25. Other telcos like Starhub has Soar, so is Singtel. Why is M1 still stucked down there?

pantoo      ( Date: 06-Sep-2010 17:55) Posted: new 52-week high!

 

new 52-week high!