StarHub stocks more expensive than SingTel, M1: Barclays

9 Aug 2012 - Singapore Business Review
The implied 5.3% yield is at its lowest in a long time. Here's more from Barclays: 2Q12 was above our estimates and rendered StarHub's (unchanged) full-year guidance as conservative - we raise our estimates. The bias in estimate revisions to the upside and yield have buoyed the stock. However, going ...
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M1 net profit tumbled by 17.8% YoY

17 Jul 2012 - Singapore Business Review
With a squeezed pocket, does M1 still have sufficient fund to cover higher roll-out cost for a nationwide 4G smartphones? M1 Ltd reported a softer-than-expected set of 2Q12 results yesterday. Revenue of S$232.2m was down 5.3% YoY. Management explained that the lower revenue was due to lower handset sales. ...
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M1 mobile revenues dip 1.7% QoQ

13 Jul 2012 - Singapore Business Review
CIMB forecasts 2Q12 earnings to shrink by 11% yoy. According to CIMB, mobile revenues dipped in 1Q12, by 1.7% qoq, part of seasonality. "We expect growth to resume in 2Q12, with the aid of: 1) more working days; 2) the adoption of smartphones; and 3) data take-up. As voice and SMS get replaced by data, ...
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M1's net profit may slump 2.8% to S$41.6m in 2Q12

12 Jul 2012 - Singapore Business Review
But the increased NBN connection rate would benefit M1 most, says CIMB. According to CIMB, M1 Ltd is due to report its 2Q12 results on 16 Jul, where the telco is expected to put in a relatively stable showing. "We forecast for revenue to come in around S$250m, up 1.9% YoY, but net profit to fall 2.8% ...
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M1 lags among telcos due to lack of bundled services

12 Jul 2012 - Singapore Business Review
Analysts believe though that this concern is overdone - but on what grounds? According to CIMB, year-to-date, M1’s share price has only risen 2.4%, as compared to SingTel’s 11.0% climb and StarHub’s 24.4% increase over the same period. Here's more : One reason for M1’s underperformance is probably linked ...
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SingTel, Starhub, and M1 to shun spectrum auction in 2013?

20 Jun 2012 - Singapore Business Review
CIMB does not anticipate aggressive bids as there is ample spectrum unless all three telcos bid for more than 2x20MHz. According to CIMB. Singapore’s telco regulator Infocomm Development Authority (IDA) issued a consultation paper on 10 April outlining its plans to re-farm and auction the 1800MHz, 2.3GHz ...
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M1's new prepaid MasterCard to challenge StarHub?

18 May 2012 - Singapore Business Review
This multi-purpose debit card offering from M1 allows users to top up M1’s prepaid cards, pay public transit fares, and make contactless purchases. Targeting a huge customer base- the young, the old and everyone in-between- all mobile phone users now have the option of making cashless transactions with ...
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M1 suffers fresh subscriber bleeding

18 Apr 2012 - Singapore Business Review
Its share in the all-important postpaid mobile market is down to 25.9% in another quarter of subscriber loss. And while the bulk of its remaining subscribers are smart phone users, they are not bringing in a higher adjusted average revenue per unit or ARPU for the telco, which means tighter margins and ...
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M1's net profit up 7.5% to $40.3m

17 Apr 2012 - Singapore Business Review
Looks like M1 won't be fixing broken lines anytime soon. According to the research by Maybank Kim Eng, M1 opened 2012 with all the signals intact and pointing in the right direction. While net profit rise of 7.5% QoQ to $40.3m is inline with market expectations and company guidance of a stable performance ...
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M1 to raise prices of 4G services

20 Mar 2012 - Singapore Business Review
Retail users may also avail of these services come 2H12. According to CIMB, M1 noted no competitive flare-ups in the mobile space. Instead, it has withdrawn unlimited data offering on 3G services to customers, hoping to better monetise data traffic. Here's more from CIMB: M1 plans to raise the prices ...
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