M1 to give away 12 cars to lucky winners of SMS contest
SINGAPORE, 28 August 2009 - A good grasp of general knowledge could win 12 M1
customers a brand new Honda Jazz each in the “12 Weeks 12 Cars” SMS Contest to be
launched by M1 on 31 August 2009.
Open to all M1 customers, the “12 Weeks 12 Cars” SMS Contest will test the
participants on a wide range of topics, including geography, history, science, current
affairs and entertainment. To participate, customers just have to SMS “win” to 2288 to
start or whenever they wish to resume playing. Multiple-choice questions will be pushed
to the participants via SMS and points awarded for every correct reply received.
Participants have to send their answers via SMS at $2 per reply.
M1 will be giving away the zippy 1.3L Honda Jazz, a popular Japanese hatchback worth
an estimated $54,000 (without COE) to the weekly top scorer of the SMS contest until
22 November 2009. In addition, a BenQ netbook worth $699 will be given away daily
to the contestant with the highest score for the day.
“With 12 cars and 84 computers worth over $700,000 to be won, this has to be one of
the most exciting contests organized for Singaporeans in recent times. We hope M1
customers will have a lot of fun participating and we look forward to giving away the
valuable prizes to the lucky winners,” said P. Subramaniam, M1’s Chief Marketing
Officer
M1, Singapore's most exciting and innovative mobile and IDD service provider, was
launched in April 1997. Since then, it has made significant inroads into the local mobile
communications market, gaining considerable brand presence and market share. M1
aims to be the leader in personal voice and data communications, focusing on value,
quality and customer service. More information on M1 is available at
www.m1.com.sg
Some analyst update to share:
|
MobileOne: Hold (Phillip Securities, 17 July)
For 2Q FY2009, M1 reported operating revenue of S$190.5m (-7.2% yoy), profit before tax of S$45.0m (-11.4% year-on-year) and net profit of S$37.1m (-9.7% yoy). Telecommunication services registered 7.7% decrease in revenue to S$141.6m. Postpaid revenue fell by 8.5% to S$124.0m while prepaid revenue decreased by 2.2% to S$17.5m. Moreover, international call services posted 13.7% drop to S$32.8m while handset sales rose by 12.2% to S$15.6m. Fixed network services was a new segment that contributed revenue of S$0.5m. Operating expenses also decreased to S$144.1m (-5.6% yoy) due to lower staff costs, facilities expenses amd provisions for doubtful debts. M1 benefitted from the Jobs Credit Scheme, paid lower bonus and hired fewer staff. Therefore, net profit decreased due mainly to lower revenue despite lower operating expenses. We keep our hold recommendation on the stock because M1 has a limited focus on the domestic market and does not have Pay TV services. As M1's net profit of S$37.1m only came in 3.6% below our expectation of S$38.5m, we maintain the target price at S$1.67 based on our valuation using the free cash flow to firm model.
|
|
MobileOne: Buy (OCBC Research, 17 July)
M1's 2Q09 revenue was down 7.2% year-on-year (yoy) to S$190.5m, or around 24.5% of our full-year estimate; net profit dropped 9.7% yoy to S$37.1m, or around 25.8% of our FY09 forecast. For the first half, revenue slipped 7.9% to S$376.9m, while net profit eased 0.3% to S$78.9m, meeting 48.4% and 54.9% of our FY09 numbers respectively. M1 has also declared an interim dividend of S$0.062/share, or 70% of its 1H09 earnings, unchanged from last year. On the business front, M1 managed to regain lost ground following slightly more aggressive promotions in both the pre- and post-paid segments; overall subscribers rose by 50,000 vs. 12,000 decline in 1Q09. As the economic outlook is still uncertain, we continue to like M1 for its defensive and strong free cash flow-generating business, and dividend paying ability (80% payout ratio). We also see M1 as one of the biggest beneficiaries of the NBN initiative. As such, we maintain a Buy call at a fair value of S$2.12.)
|
|
MobileOne: Sell (DMG, 17 July)
M1's 2Q09 earnings were below expectations. Net profit fell 9.7% to S$37.1m on the back of 7.2% decline in revenue. The fall in earnings would have been more severe if not for lower taxes, as gleaned from the 11.4% year-on-year (yoy) fall in pre-tax profit. EBITDA margin grew 1.2ppt yoy to 44.8%, as operations last year was marred by intense competition in the wake of full MNP. Subscription and retention costs surged 13% and 29% qtr-on-qtr (qoq) respectively, as M1 stepped up promotional activities in 2Q09. Management did not reveal much about its NBN strategy, choosing to stick to a few general comments: 1) It is all geared up to participate in the NBN once OpCo's Nucleus Connect is ready (Apr 2010); 2) Target markets include both retail and commercial; 3) It will not overbid for content, and may partner with shareholders like SPH; 4) It will introduce unique services which may go beyond bundling. The market’s generally expecting the NBN to benefit M1 the most, but we think otherwise. Our view is further cemented with M1's former head honcho joining rival StarHub. Moreover, yields at 7.9% still pales in comparison to our top pick StarHub. Price target remains at $1.52, but stock downgraded to Sell (from Neutral) given lacklustre prospects and recent price rise.
|
|
MobileOne: Buy (Kim Eng, 17 July)
Although year-on-year yoy) comparisons are still negative, the critical postpaid mobile revenue stream reversed a five-quarter decline in 2Q09. M1 added 50,000 mobile subscribers in 2Q09 (including 7,000 postpaid subs), reversing 1Q09's 11,000 erosion. As expected, margins improved from a year ago, offsetting the yoy decline in revenue. EBITDA margin on service revenue rose from 43.6% in 2Q08 to 44.7% in 2Q09. This was driven by more customers taking on mid to high-end mobile plans under the Take 3 program as well as higher mobile data usage on its HSDPA network. Net profit fell 12% to $37.1m qtr-on-qtr only because there was a $5.5m tax credit in 1Q09. Adjusted for that, net profit rose 1.5% qoq.
Although subscriber acquisition and retention costs of $301 were higher QoQ, it is still down from $346 a year ago. M1 is guiding for similar levels of spending in future quarters but our forecasts already assume higher customer spending. Further, we do not expect SingTel’s recent iPhone 3GS launch to drive a big jump in defensive industry spending, unlike 1H08, as there are now more smartphone alternatives available. All the telcos will be racing to make sure they get all the high value subscribers they can before NBN comes online. Unlike StarHub and SingTel, which can bundle fixed broadband and Pay TV, M1 is likely to focus on mobile broadband, a growth area due to the profileration of smartphones and netbooks. This could raise costs but we believe M1 has already factored this into its guidance of earnings stability for 2009. Management reiterated its outlook of a stable 2009 in terms of earnings, as well as a commitment to paying 80% of earnings in dividends, which will still yield a very attractive 8% at current levels. (Interim dividend was maintained at 6.2 cents.)
Mainan Buy with target price of $2.01.
|
Peg_li ( Date: 17-Jul-2009 09:51) Posted:
Divident will be 6.2 cents per share and record date is 31 jul 09
el7888 ( Date: 17-Jul-2009 09:33) Posted:
| Updated: 16th July 2009, 1909 hrs |
| M1 Q2 net profit down 9.7% on-year |
|
By Irene Chan
Mainboard-listed telco, Mobile One, has posted a 9.7 percent on-year decline in second quarter net earnings mainly due to lower service revenue.
Net profit for the 3 months ended June fell to 37 million dollars.
This was on the back of a 7.2 percent drop in revenues to 191 million dollars for period from a year ago.
Despite the decline in top and bottomline numbers, M1 says its total customer base increased by 50 thousand to some 1.6 million customers in the second quarter.
The telco's CEO Karen Kooi said in a teleconference earlier that the operating conditions for the rest of the year are likely to remain challenging and revenue will remain under pressure.
She said the company will therefore continue to remain disciplined in cost management and improve efficiency.
Asked how M1 felt about its former CEO Neil Montefiore taking over the helm at rival Starhub next year, Ms Kooi had this to say.
"We are glad we have a friend in Neil, so we know our competition. But having said that, we have a strong and experienced senior management team who's been with M1 for a long time. This team remains very passionate about M1, and will be working together as team to bring M1 to its next phase of development."
The telco says investment for future growth remains an important and on-going process.
It will therefore continue to upgrade its mobile networks to meet future demands and transform itself into a full-service operator.
Based on the current outlook, M1 says net profit for the current financial year will likely be comparable to the previous year.
|
|
|
|
|
Divident will be 6.2 cents per share and record date is 31 jul 09
el7888 ( Date: 17-Jul-2009 09:33) Posted:
| Updated: 16th July 2009, 1909 hrs |
| M1 Q2 net profit down 9.7% on-year |
|
By Irene Chan
Mainboard-listed telco, Mobile One, has posted a 9.7 percent on-year decline in second quarter net earnings mainly due to lower service revenue.
Net profit for the 3 months ended June fell to 37 million dollars.
This was on the back of a 7.2 percent drop in revenues to 191 million dollars for period from a year ago.
Despite the decline in top and bottomline numbers, M1 says its total customer base increased by 50 thousand to some 1.6 million customers in the second quarter.
The telco's CEO Karen Kooi said in a teleconference earlier that the operating conditions for the rest of the year are likely to remain challenging and revenue will remain under pressure.
She said the company will therefore continue to remain disciplined in cost management and improve efficiency.
Asked how M1 felt about its former CEO Neil Montefiore taking over the helm at rival Starhub next year, Ms Kooi had this to say.
"We are glad we have a friend in Neil, so we know our competition. But having said that, we have a strong and experienced senior management team who's been with M1 for a long time. This team remains very passionate about M1, and will be working together as team to bring M1 to its next phase of development."
The telco says investment for future growth remains an important and on-going process.
It will therefore continue to upgrade its mobile networks to meet future demands and transform itself into a full-service operator.
Based on the current outlook, M1 says net profit for the current financial year will likely be comparable to the previous year.
|
|
|
Thanks for providing information!
dealer0168 ( Date: 22-Jun-2009 19:26) Posted:
Ooo... here is an article that may answer yr question:
M1: Buy (Kim Eng, 22 June)
M1's latest offerings – Take3 and the Sunsurf VAS data plans – are aimed at luring higher average revenue per user (ARPU) that can help improve margins instead of chasing market share. We reckon these initiatives should impact positively on margins and market share in the segments that matter within 1-2 quarters. Take3 (launched in Feb) allows users to choose a eligible handset within the subscription plan tiers without any upfront cost and exchange it for another handset after 9 months (for a fee) or after 20 months (without a fee). Out of the 5 bill plans, we reckon targeted users are most likely to opt for the $83/month SunMax plan as it includes popular phones (eg HTC Touch Diamond 2 and Blackberry Storm) that are also in the top-end $201 Talk All U Can plan. As phone buyers are more sensitive to the upfront handset cost than the monthly fees, this plan should boost ARPU. M1's new SunSurf VAS data plans also offers the most value-for-money. The $10.70/month 100MB Plus plan is the most compelling as it offers 10x more bundled data capacity vs StarHub’s Value plan. As these plans are targeted at high-end users that buy feature-rich smartphones that can download music or stream video, we believe these plans could also motivate users to switch to M1, especially SingTel which has no cap on monthly charges (unlike M1 or StarHub, which are capped at $36.38). Although M1 lost 11,000 subscribers in 1Q09, the decline was due to a 53,200 fall in 2G subs, where users are being migrated to 3G, and the deactivation of 8,000 prepaid subs. Most notably, M1 gained 50,200 3G subs and we believe Take3 was one major factor. Management indicated that 20% of new subscribers in 1Q09 took up the Take3 plan. Given these positive driving forces, we reckon margins should improve further and M1 stands a good chance of arresting its postpaid ARPU slide, which has fallen from $62 in 1Q08 to $60 in 1Q09. We maintain our Buy recommendation and target price of $2.01. |
|
market sentiment not so good, stocks might continue to slump and consolidate .... in this period of time, some defensive stocks like telecommunication (Singtel, Starhub, M1) will be the choice for investor / traders ...... so let see how they perform .... especially Singtel, always move againts the market .... market down it moves up ...
Ooo... here is an article that may answer yr question:
M1: Buy (Kim Eng, 22 June)
M1's latest offerings – Take3 and the Sunsurf VAS data plans – are aimed at luring higher average revenue per user (ARPU) that can help improve margins instead of chasing market share. We reckon these initiatives should impact positively on margins and market share in the segments that matter within 1-2 quarters. Take3 (launched in Feb) allows users to choose a eligible handset within the subscription plan tiers without any upfront cost and exchange it for another handset after 9 months (for a fee) or after 20 months (without a fee). Out of the 5 bill plans, we reckon targeted users are most likely to opt for the $83/month SunMax plan as it includes popular phones (eg HTC Touch Diamond 2 and Blackberry Storm) that are also in the top-end $201 Talk All U Can plan. As phone buyers are more sensitive to the upfront handset cost than the monthly fees, this plan should boost ARPU. M1's new SunSurf VAS data plans also offers the most value-for-money. The $10.70/month 100MB Plus plan is the most compelling as it offers 10x more bundled data capacity vs StarHub’s Value plan. As these plans are targeted at high-end users that buy feature-rich smartphones that can download music or stream video, we believe these plans could also motivate users to switch to M1, especially SingTel which has no cap on monthly charges (unlike M1 or StarHub, which are capped at $36.38). Although M1 lost 11,000 subscribers in 1Q09, the decline was due to a 53,200 fall in 2G subs, where users are being migrated to 3G, and the deactivation of 8,000 prepaid subs. Most notably, M1 gained 50,200 3G subs and we believe Take3 was one major factor. Management indicated that 20% of new subscribers in 1Q09 took up the Take3 plan. Given these positive driving forces, we reckon margins should improve further and M1 stands a good chance of arresting its postpaid ARPU slide, which has fallen from $62 in 1Q08 to $60 in 1Q09. We maintain our Buy recommendation and target price of $2.01.
Post Reply
221-230 of 230