M1 is relatively stable, given its consistent payout of dividends and rolling out of its 4G network. Although it only focuses on non-tv business, it experienced a healthy net profit growth of 6.6% in its 1st quarter of 2015 as compared to 2014.
It reduced its borrowing from $52 million to $3.8 million, a 92% reduction and also see its cash flow reduced by 83% from 103.9 million to $17.8 million.
Without the need to concentrate on TV business unlike Starhub and Singtel, it should have more resources to its 3 core services namely Mobile telecommunications, International call services and fixed services.
Hi Lancelot
ReplyDeleteWhat do you think of its current valuation in the market? Do you think they deserve a buy at current price?
yes current price seems attractive. Director bought back at average of 3.33.
Deletenow days very slow movement in blue chip you can get more updates about this market and getting best Singapore stock recommendations for best result.
ReplyDeleteI have invested in blue chip stocks as suggested by my broker and is really a good investment with intraday SGX signals as well as other stocks tips.
ReplyDeleteNow that the telco's have dropped in price due to the possible entry of a 4th telco, is it a good time to start buying up its shares?
ReplyDeletewhy not? dividend yield of 5%, heathy debt levels and positive cashflow.
Deletewhat if 4th telco back out?
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