M1, how low can it get?

Singapore telco M1 share price is plunging downwards. At $2.28, it is at 5 years low with dividend yield of 6.5%. Shareholders who buy M1 before 12 Apr 16 will be entitled to the payout of $0.083 per share.

5 Largest shareholding of M1

• Axiata 28.31%
• Keppel Corp 19.09%
• SPH 13.28%
• Colonial First State Asset Management (Australia) Limited 2.95%
• Macquarie Investment Management Limited 0.75%

Although there are talks of a 4th telco coming in, M1 had been in the telco business for a long time, and these telco assets were built up and maintained over the years.

M1 latest FY2015 showed a 1.5% growth, and despite that share price had been dropping continuously. 

M1 CEO Karen Kooi mentioned that with Netflix entering the Singapore market would provide a level playing field in the tv business. 

Although Singtel signed a strategic partnership with Netflix, it is still likely that M1 could be in talks with them to do some tie-up as well.

Source: http://www.channelnewsasia.com/news/singapore/singtel-netflix-sign/2425958.html

M1 does not own tv assets at the moment as compared to starhub and Singtel and if they are able to do tie up with Netflix, costs incurred would likely be lower than singtel and starhub.

Singhaiyi Group, moulding of a new gem

Singhaiyi group involve in property investments and developments in Singapore and United States. It also hold properties in Malaysia.

One of the key reason why i think it is a gem is because of the strong management team on the board. More info can be viewed here

Neil Bush is the non-executive chairman of the group. Mr. Bush is the third of five children of the 41st United States President, Mr. George H.W. Bush.

Singhaiyi's net asset value stood at 16 cents while it is only trading at 10 cents. Since Dec 15, Gordon Tang who is non-executive director, together with his spouse, Celine Tang, who is the group's managing director started buying back shares from the market.

SingHaiyi is known for its investments in undervalued assets in the US. The group bought three US properties at steep discounts to their market values over the past two years, some as large as a 77 per cent discount to net book value, with a view to enhance their values via redevelopment. Two of the assets are in the San Francisco Bay Area.

SingHaiyi also has strong backing from a sponsor, American Pacific International Capital (APIC), which has over 13 years of experience in the US.

Source: http://www.businesstimes.com.sg/companies-markets/brokers-take-rhb-issues-buy-call-on-singhaiyi-on-strong-us-sponsor-backing