M1 (formerly: MobileOne)

[Dividend Warrior]

Maybank Kim Eng's analyst report on M1, rating BUY, TP $4.24

Purest data monetisation play
 Reiterate our BUY call on M1 with a raised DCF TP of SGD4.24. Remains our preferred sector pick.
 Blistering pace of data monetisation and falling handset subsidies to benefit M1 the most.
 Catalysts: Launch of Pay TV service and another special dividend this year.

http://research.maybank-ib.com/pdf/docum...4_6212.pdf

Another special dividend this year might be pushing it....

[mkmk]

Base on the latest update of IDA statistic up to Mar 2014, the market share of the top 3 RSPs are

http://www.ida.gov.sg/Infocomm-Landscape...14-Jan-Jun

SingTel: 321K fiber users, or more than 58% market share
M1: 90K fiber users, or more than 16% market share
Starhub: estimated 140K fiber users (the actual number wasn't published by Starhub), or more than 25% market share

The MyRepublic 1G offer creating not even a scratch on market share of the trio. They continue to be marginalized.

(vested in M1)

Interesting statistics, though I wasn't able to find the market share breakdown from the link. It only provides the total amount of users using Fibre Broadband (555,100 in March).

Could you provide the link breakdown?

[CityFarmer]

Base on the latest update of IDA statistic up to Mar 2014, the market share of the top 3 RSPs are

http://www.ida.gov.sg/Infocomm-Landscape...14-Jan-Jun

SingTel: 321K fiber users, or more than 58% market share
M1: 90K fiber users, or more than 16% market share
Starhub: estimated 140K fiber users (the actual number wasn't published by Starhub), or more than 25% market share

The MyRepublic 1G offer creating not even a scratch on market share of the trio. They continue to be marginalized.

(vested in M1)

Interesting statistics, though I wasn't able to find the market share breakdown from the link. It only provides the total amount of users using Fibre Broadband (555,100 in March).

Could you provide the link breakdown?

The individual numbers are from each company ARs, except the Starhub, which is estimated. The market share was calculated base on the total 555,100 number

[CityFarmer]

It will speed-up the installation for SMEs, thus benefiting M1 more than StarHub and SingTel...

(vested)

StarHub, M1 may bid for fibre broadband installation contract

Moves are being made to speed up the installation of fibre broadband for businesses, with possibly StarHub or M1 chipping in to help after OpenNet came under fire for persistent delays.

The fibre broadband network builder last month called for a tender for contractors to help install fibre links in a bid to clear a backlog of unfulfilled business orders.

Confirming the tender, OpenNet said the contracts will be for one year, for a start. "If the results are good, we will look forward to extending this arrangement," said Mr Daniel Ho, OpenNet's director for business development and communications.

Mr Ho would not disclose the value of the tender, which closes in mid-June, citing confidentiality reasons. Sources, however, told The Straits Times the contract could be worth up to $3 million.

- See more at: http://www.straitstimes.com/news/singapo...WewsV.dpuf

[kichialo]

The CEO sold 100 lots of shares today.

[CityFarmer]

The CEO sold 100 lots of shares today.

The CEO has been selling regularly. I don't know the exact reason, but I reckon she has been liquidating her share options, and taking it as part of her remuneration.

(vested, and monitoring)

[CityFarmer]

Let's see the progress on non-residential fiber users...

(vested)

------
M1 Limited wishes to announce that it will release its Second Quarter and Half Year 2014
financial results after close of trading on 21 July 2014.

http://infopub.sgx.com/FileOpen/Date%20o...eID=303620

[CityFarmer]

The award of tender might help M1 to beef up its pay-TV subscribers...

(vested)

M1 to help bring digital TV to low-income households

SINGAPORE — The Media Development Authority (MDA) has appointed M1 to manage the roll-out of a scheme to help lower-income families make the transition to digital television.

M1 will progressively supply and install digital TV equipment for all eligible households and resolve any technical issues related to the equipment and installation over the next two to three years. Eligible households also have the option of self-collection.

The MDA said today (July 4) the local telco was awarded the tender after a thorough evaluation of all submissions based on the criteria set out, which include price competitiveness, quality of proposals submitted and the profiles of the project teams. The open tender was conducted from March 20 to April 22.
...
http://www.todayonline.com/singapore/m1-...households

[CityFarmer]

The 2Q result is announced, and the article summaries the result. I am yet to study the result in more detail, but I am glad the interim dividend is increased.

(vested)

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M1 posts 12.1% rise in 2Q net profit to $44 mil

M1 said it posted a 12.1% increase in net profit to $43.9 million for the second quarter ended June from $39.2 million a year ago.

Operating revenue for the same period stood at $239.7 million, 2% lower compared to the same period a year ago due to lower handset sales.

As at 30 Jun 14, M1 said its cellular customer base stood at 2,003,000, 4.6% lower than last year’s and 4.8% lower than 1Q14.

Postpaid revenue increased 5.3% to $147.6 million for 2Q14 from a year ago due to growth
in postpaid customer base.

Prepaid revenue at $20.3 million for 2Q14 was 8.7% lower respectively due to lower prepaid customer base.

For the six-month period, net profit was up by 8.2% at $86.7 million, while operating revenue stood at $479.8 million, a 1.6% decrease.

Earnings per share for the group stood at 4.7 cents and 9.4 cents for the quarter and six-month period, respectively, up from 4.3 cents and 8.7 cents during the corresponding periods the year before.

M1 has declared a cash interim dividend of 7 cents per share, up from 6.8 cents per share in the same quarter a year ago.
http://www.theedgesingapore.com/the-dail...4-mil.html

[Dividend Warrior]

The 2Q result is announced, and the article summaries the result. I am yet to study the result in more detail, but I am glad the interim dividend is increased.

(vested)

-------
M1 posts 12.1% rise in 2Q net profit to $44 mil

M1 said it posted a 12.1% increase in net profit to $43.9 million for the second quarter ended June from $39.2 million a year ago.

Operating revenue for the same period stood at $239.7 million, 2% lower compared to the same period a year ago due to lower handset sales.

As at 30 Jun 14, M1 said its cellular customer base stood at 2,003,000, 4.6% lower than last year’s and 4.8% lower than 1Q14.

Postpaid revenue increased 5.3% to $147.6 million for 2Q14 from a year ago due to growth
in postpaid customer base.

Prepaid revenue at $20.3 million for 2Q14 was 8.7% lower respectively due to lower prepaid customer base.

For the six-month period, net profit was up by 8.2% at $86.7 million, while operating revenue stood at $479.8 million, a 1.6% decrease.

Earnings per share for the group stood at 4.7 cents and 9.4 cents for the quarter and six-month period, respectively, up from 4.3 cents and 8.7 cents during the corresponding periods the year before.

M1 has declared a cash interim dividend of 7 cents per share, up from 6.8 cents per share in the same quarter a year ago.
http://www.theedgesingapore.com/the-dail...4-mil.html

IMO, a solid set of results.

(Happily vested)