Circles.Life

Circles.Life deal gives M1 competitive edge for now, but TPG entry remains a threat
SINGAPORE (July 5): Maybank Kim Eng is maintaining its “hold” call on M1 with an unchanged price target of $1.63 cents on the belief that expected earnings pressure on the group has been largely priced in by the market. The research house forecasts a 3% CAGR decline in wireless service revenues over 2017-20E. In a Monday report, analyst Luis Hilado says M1’s head start in securing a ...
Competition heats up in telco sector and the catchphrase is 'free'
SINGAPORE (June 12): UOB Kay Hian continues to rate the telecommunications sector as “market weight” as competition within the sector has intensified even before TPG Telecom has launched its mobile services on a commercial basis. So far, TPG has launched a mobile plan just for senior citizens aged 65 and above, giving them 3GB of data and unlimited local calls for free for the first 24 ...
Maybank adopts wait-and-see stance over Circles.Life's free wireless plan
SINGAPORE (May 23): Maybank Kim Eng is keeping Singapore’s three telco incumbents at “hold” as it awaits how they will counteract Circles.Life newly launched free wireless plan that offers 1GB of monthly data, 30 minutes of voice and 10 SMS with no “hidden fees” or contracts. In a Tuesday report, Maybank analyst Luis Hilado says Circles’ market segmentation that started with ...
Why investors should 'buy' Singtel in spite of rising competitive risks: RHB
SINGAPORE (Mar 15): RHB is reiterating its “buy” call on Singtel given its underperformance over the past year following its selldown. RHB has also updated the target price to $4.10 to reflect a higher effective stake in Bharti Airtel. The rerating comes after Singtel’s recent completion of its purchase of an additional 1.7% stake in Bharti Telecom for $539.4 million, which ...
Circles.Life offers unlimited data on demand
SINGAPORE (Mar 1): Circles.Life is launching two new plans that offers customers cheaper roaming and unlimited data on demand ahead of the expected entry of a fourth telco here this year. Users will have access to unlimited data usage for $3 a day. There is no lock-in period. The virtual mobile telco says speeds will be throttled once users consume over 100 GB in a month. Circles.Life’s ...
Year of trepidation for telcos on MVNO threat
SINGAPORE (Jan 12): UOB Kay Hian has turned defensive on the telco sector as channel checks indicate TPG Telecom's network deployment is progressing smoothly and is on track for its year-end commercial launch. Singapore has attracted a slew of startups offering mobile services based on the mobile virtual network operator (MVNO) model which usually targets niche and customised ...
M1’s biggest selling point is now its drawback
SINGAPORE (Oct 16): DBS Group Research is maintaining M1 at “fully valued” with a target price of $1.49 given lower dividends on earnings decline as revenues come under pressure and costs escalate. Dividend yield has been the most critical factor for M1’s stock price in the past. However, with M1’s FY18 dividend yield of 5.6%, coupled with potential annual earnings decline of 12% over ...
How long can Singaporeans last without using mobile data?
SINGAPORE (Aug 1): One in two of Singapore’s mobile consumers have exceeded their monthly mobile data limits in the last six months, with nearly a quarter having overshot their mobile data limits by at least 3 gigabytes (GB). This is according to mobile digital telco Circles.Life, which recently commissioned research firm Survey Sampling International (SSI) to survey over 900 Singaporeans ...
MyRepublic clarifies statement on MVNO offers
SINGAPORE (July 10): MyRepublic has clarified that it did not receive formal offers to set up an MVNO (Mobile Virtual Network Operator) from any of the three local telcos earlier this year. “To clarify, we did not receive formal MVNO offers or enter into formal partnership discussions with any particular telco during those discussions,” a MyRepublic spokesperson told The Edge ...
Absence of new entrant is M1’s only hope of reprieve
SINGAPORE (July 18): Maybank Kim Eng is keeping its “hold” recommendation on M1 with a lower target price of $2.94 from $3.09 previously, after management lowered its full-year profit guidance to “single-digit decline” from “stable” growth. In a Monday report, analyst Gregory Yap says 2Q results for Singapore’s smallest telco were well within the research house’s expectations, ...