M1   

M1

M1 2QFY13 results came in at the higher end of estimates, which saw net profit at $39.2m (+11% y/y, -4% q/q) while revenue at $244.5m (+5% y/y, +1% q/q). EBITDA margins dipped slightly at 37% versus 38.1% y/y. The result brings 1H13 revenue to $487.5m, -2% y/y and net profit to $80.2m, +6% y/y. Performance was buoyed by strong contributions from group’s service revenue, on back of an 8% y/y growth in mobile revenue and a 35% growth in fixed network sales.

The quarter saw M1 adding 55,000 customers to bring its total mobile customer base to 2.1m, of which 307,000 were 4G customers, while the group also added 7,000 fiber broadband customers bringing its base to 67,000. About 11% of the 4G users on tiered plans have upgraded to higher value plans, and the impact on ARPU is immediate. Average data usage also rose steeply to 3.2GB from 2GB in just a quarter, suggesting that users are breaking free of the bundled cap. Going forward, M1 guides that broadband data traffic is shifting from data cards to smartphones and faster networks and devices will continue to drive growth in data usage, and the group is well positioned to capture this growth. M1 has declared an interim div of 6.8c per share.

Maybank-KE believe that M1 is shaping up to be a big beneficiary of data monetisation due to its pure mobile earnings base. With national fiber-optic network’s real coverage only at 30-40% of all households, house believe that as more customers exit contracts, the net-add pace should pick up beyond the current 7,000-8,000 per quarter. As such, fiber is another potential for the group. At current price of $3.12, M1 trades at 9x forward EV/EBITD backed with a forward dividend yield of 4.7%. Latest broker ratings as follow Maybank KE maintains Buy but lifts TP to $3.69 from $3.55 CIMB maintains O/p with $3.60 TP Credit Suisse maintains O/p with $3.60 TP Deutsche maintains Buy with $3.72 TP OCBC maintains Hold with $3.10 TP UOB Kay Hian maintains Buy but lowers TP to $3.58 from $3.72

 

M1 Q2 net profit UP 11.2% with MORE subscribers.... Interim dividend 6.8 cents...

 

Power of CD!!!

 

 

M1 releasing result on 16 July, after trading hours. 

 

.bro. stock market is full of surprises and highly unpredictable. that 's why people call it a croc pond. 

at this rate m1 plunge to 2.50 is not impossible. if the BB wants to short sell it. it can be achieved soon.

if that is a case, i would like to thank the BB coz i will def buy many many.  coz during crisis or recession people still needs to communicate. 

telco's are recession proof. same applies to starhub and singtel.     

starhub is now below $4.


 

FearValueGreed      ( Date: 12-Jun-2013 11:35) Posted: Mai xiao la 2.50 That goes back to 2year ago price. I m still holding tightly to my shares. 250 that is 7% yield. Cool john_ric      ( Date: 11-Jun-2013 20:25) Posted: done below $3. how man??  will drop further right. $2.5 TP?

 

Ask not what M1 can do for u.

Ask what u can do for M1.

Rebound imminent.
Everyone calling for sti to plunge 3000.

That may happen in sep not now.

200MA still uptrend mode.

john_ric      ( Date: 11-Jun-2013 20:26) Posted: now you can get $3 as many as you like. dare you? FearValueGreed      ( Date: 30-May-2013 23:03) Posted: It will go higher. This week drop following wall street plunge. 300 is difficult to get. Try to q some more but didn't get. But must hold . Worse still got 5% dividend. Once the fed ease worry is over, this Will draw back like zhen zhi

 

Mai xiao la 2.50

That goes back to 2year ago price.

I m still holding tightly to my shares.

250 that is 7% yield.

Cool

john_ric      ( Date: 11-Jun-2013 20:25) Posted: done below $3. how man??  will drop further right. $2.5 TP?

 

.

UOB KH:


SingTel, StarHub and M1 have corrected 8.6%, 14.1% and 15.1% respectively from their recent peaks. The correction for yield plays offers us an opportunity to accumulate telcos given stable yields and defensive qualities. They generate strong free cash
flow and have low gearing. We recommend accumulating M1 (M1 SP/BUY/TP: S$3.72) and StarHub (STH SP/BUY/TP: S$4.70) due to their more attractive dividend yields.

 

now you can get $3 as many as you like.

dare you?

FearValueGreed      ( Date: 30-May-2013 23:03) Posted: It will go higher. This week drop following wall street plunge. 300 is difficult to get. Try to q some more but didn't get. But must hold . Worse still got 5% dividend. Once the fed ease worry is over, this Will draw back like zhen zhi

 

done below $3.

how man??  will drop further right. $2.5 TP?


 

 

Anything 3dollars is a good catch.

M1 is the only telcos with the highest growth potential .

4dollars is the target if the correction is over

 

Good to grab now?

 

It will go higher.
This week drop following wall street plunge.

300 is difficult to get. Try to q some more but didn't get.

But must hold . Worse still got 5% dividend.

Once the fed ease worry is over, this Will draw back like zhen zhi

 

So it will go higher than what it did this month? What's the timeframe?

FearValueGreed      ( Date: 23-May-2013 15:25) Posted: Good chance to grab M1. 310-318 are good rAnge to enter. 20% upside if u hold. Loading up a bit for this. Major ammunition for mr N

 

What is your target price for M1?

 

Good chance to grab M1.

310-318 are good rAnge to enter.

20% upside if u hold.

Loading up a bit for this.
Major ammunition for mr N

 

This counter is always giving me surprises

 

OMG .. more correction.

 

This counter is so volatile these days. Still consider defensive counter ?

 

last chance to pick up m1 at a bargain price

pocketmoney      ( Date: 15-May-2013 21:17) Posted: Aiming $4 to sell!