M1 (formerly: MobileOne)

[opmi]

CCB quit at the top. No need to clean up Keppel excesses...hahaha

[Stephen]

I realised my penetration rate for France is wrong ..thanks for the correction

Let's look at Hong Kong , she has 7 million people...Singapore has 5milliom.

Hong Kong penetration rate is 220-240%
Singapore penetration rate is 140-150%

They can have four telcos and share price is still up and about 5% dividend yield.

Why can't we?

Taiwan has 11 telcos, 23 million and penetration rate is about 70% though.

Bad example for taiwan but Hong Kong is a good example

[Stephen]

Regarding any differentiation between the telcos worldwide....their presentation slides are all similar ...iot, cloud computing , big data analytics, 5G...all these keywords inside

[BlueKelah]

I realised my penetration rate for France is wrong ..thanks for the correction

Let's look at Hong Kong , she has 7 million people...Singapore has 5milliom.

Hong Kong penetration rate is 220-240%
Singapore penetration rate is 140-150%

They can have four telcos and share price is still up and about 5% dividend yield.

Why can't we?

Taiwan has 11 telcos, 23 million and penetration rate is about 70% though.

Bad example for taiwan but Hong Kong is a good example

We could have four telcos with each giving 5%yield no problem. But all other things being the same, the revenue of each would have to be reduced vs having three.

sent from my Galaxy Note 7

[CY09]

Its not often i recommend a link from Motley Fool; but this is really good data and insight on the local teleco market.

https://www.fool.sg/2016/12/08/the-state...anagement/

Basically data usage is increasing, but data plans per gb is becoming cheaper. So its hurting their revenue
Personally, I am hoping telecos can provide new plans at the same price point but with more data and less "free SMS" offered

[cyclone]

(121,200+80,400)/(60,000+40,000) = 2.016

On 13 December 2016, CEO Karen Kooi Lee Wah disposed 100,000 shares of M1 for a consideration of S$201,600 via market transaction.

[ksir]

(121,200+80,400)/(60,000+40,000) = 2.016

On 13 December 2016, CEO Karen Kooi Lee Wah disposed 100,000 shares of M1 for a consideration of S$201,600 via market transaction.

It always discourages me to see insider especially Top Person selling out shares (no matter what is the reason behind).
Especially in such a beaten down price.
It says a lot about incentive and shareholder-Management's interests alignment (I guess this is a type of Specuvestor's Structure issue).

<not invested, monitoring, in case change of Management>

[Wildreamz]

Did not study deeply into M1, so please take my comment with a grain of salt.

The valuation of local telcos have always baffled me (since 2013). I know yield is high, but that is because they distribute most of their earnings as dividend (except Singtel I think). How do they grow? I always thought they should be valued like a utility. I recognize that they have grown their eps over the past decade quite significantly due to the advent of the smartphone, but besides that, I really don't see they can keep growing at the same rate.

With the exception of Singtel since they have essential monopoly, government backing, less leveraged, and has a more diversified revenue stream.

Fellow buddies please correct me if I'm wrong.

(not vested)

[desmondxyz]

It's real now....

http://www.channelnewsasia.com/news/sing...?cid=fbcna

SINGAPORE: TPG Telecom will be Singapore's fourth, and newest, mobile operator, after a successfully bid for the spectrum needed to launch mobile services here, the Infocomm Media Development Authority said on Wednesday (Dec 14).

It made the winning bid of S$105 million for the spectrum on offer, IMDA added.

Both companies were last month assessed to be a pre-qualified candidate for the New Entrant Spectrum Auction (NESA), which is the first phase to facilitate the entry of a possible fourth telco and only open to those who do not currently operate a nationwide mobile network in Singapore.

In an earlier report, it was said that the potential new mobile operator will get to pay less for the airwaves reserved, from the proposed S$40 million to S$35 million, primarily because of the changed composition of spectrum bands. The 700 MHz has been removed due to uncertainty over the switch over date from analog TV transmission to digital.

The spectrum rights will commence in April 2017, meaning that would be the earliest theoretical start for the new telco.

The then-Infocomm Development Authority of Singapore (IDA) said it will allow a reasonable period for the new mobile network operator (MNO) to build up its own network, and that the telco must achieve nationwide outdoor service coverage by October 2018.

- CNA/kk

[weijian]

I have been a M1 customer for the last 15years now. I just like the bright orange colors.

I renewed my corporate plan about 1 year ago for another 2 years. In that renewal, i downgraded the package but still have the same data limit as 2 years ago (1 way to kick the FB habit..)

This year's corporate offer just came out recently and after all the discounts, it is ~30% cheaper for the same package i signed up 1 year ago (without any data add-ons etc). While there still doesn't seem to be any changes to the non-corporate plans, I just thought that this discount will lock in a much lower ARPU in the next 2 years. By how much on an aggregate basis, i do not know..but no one really knows how low anything can go before a bottom is reached.