M1

Maybank remains 'neutral' on telco sector as uncertainty looms
SINGAPORE (Apr 1): Maybank Kim Eng Research remains “neutral” on the Singapore telco sector amid uncertainty over the implication for competition in the industry with M1’s imminent de-listing. The research house believes StarHub provides the best value and Netlink NBN Trust offers insulation from uncertainty in the wireless segment. Maybank has “buy” calls on both StarHub and ...
Why Singtel, NetLink NBN Trust remain OCBC's top 'buy' picks in a cut-throat telco scene
SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw StarHub and M1 results come in within expectations, while that of Singtel’s was slightly under. Nonetheless, the research house continues to favour Singtel and NetLink NBN Trust with a “buy” rating for both and the respective fair ...
Will the O&M sector continue to be a drag Keppel?
SINGAPORE (Jan 25): Keppel Corp has still not recovered from the offshore and marine slump. Its O&M division continued to make a loss last year. For FY18, Keppel Corp announced earnings of $944 million, up 382% from $196 million in 2017, or up 16% from $815 million, excluding the one-off penalty of $619 million for global resolution with the authorities in the US, Brazil and Singapore. ...
M1 deal hangs in balance as Keppel, SPH stand ground
(Jan 23): A buyout offer for M1 four months ago still doesn’t have the backing of a bulk of shareholders. And yet, Keppel Corp and Singapore Press Holdings have refused to budge on the initial offer price. The second- and third-largest shareholders of M1, Singapore’s smallest mobile-services provider, said in an exchange filing on Tuesday that they won’t increase their $2.06 per share ...
Singtel kept as top pick for RHB amid 'aggressive' TPG trial launch
SINGAPORE (Jan 14): RHB Research is maintaining its “neutral” stance on Singapore’s telecommunications sector following the launch of an “expectedly aggressive” trial offer by new mobile entrant TPG Telecom. “TPG quashed earlier talks that it may abort its mobile rollout by launching a free 4G SIM-only data plan in Dec 2018, offering 12 months of unlimited data,” says RHB’s ...
OCBC revises M1 to 'accept the offer' from 'hold' on competitive environment
SINGAPORE (Jan 8): OCBC Investment Research is revising its “hold” rating on M1 to “accept the offer” while maintaining its current fair value estimate of $2.06 per share. To recap, Konnectivity – a jointly-owned company between Keppel Corporation and Singapore Press Holdings (SPH) – announced a pre-conditional voluntary general offer (VGO) for M1 in Sept last year at $2.06 per ...
Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust
SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub and Circles.Life are aggressively launching SIM-only plans. TPG’s delayed commercial launch has provided a reprieve for the industry, but ...
TPG's entry delayed but still remains a threat to Singapore telcos
SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA. In the short term, this delay might be good for the local telcos, as it gives them more time to prepare for the competition and re-contract subscribers to new ...
New Mann at the helm for M1 as CEO Kooi retires in Dec
SINGAPORE (Nov 5): Telco veteran Manjot Singh Mann will join M1 as its new CEO on Dec 6, as current CEO Karen Kooi Lee Wah retires after 23 years with the group. Pending developments related to Konnectivity’s pre-conditional offer for M1 shares, Kooi will remain on the board as a director of M1. She will also remain as advisor to the board till Feb 28, 2019, to ensure a smooth ...
M1 3Q earnings down 5.3% to $34.4 mil as expenses outstrip sales growth
SINGAPORE (Oct 24): M1 reported 3Q18 earnings fell by 5.3% to $34.4 million from $36.3 million in 3Q17. This brings 9M18 earnings to $105.7 million, 0.8% lower than $106.6 million in 9M17. Operating revenue for the quarter was 10.1% higher at $274.6 million from $249.5 million in the previous year. The increase in revenue was mainly due to a 25.9% y-o-y increase in fixed services and a ...