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.

Top 5 Blue Chip Stocks to buy in 2015

• Raffles Medical - Room for growth when hospital expansion is completed
• Keppel Corp - Low oil price and cheap acquisition of Keppel Land
• ComfortDelgro - Stable and very good long term prospects
• Silverlake Axis - Consistant annual growth and a heavy cash cow
• UOB - prefer UOB which have lesser exposure as compared to DBS and OCBC

Wishing all a happy chinese new year! I'll looking forward to a remisier role around June period. 

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Strong indicators of a buy in Keppel Corp

Keppel Corp's share buy back today valued at close to $8 million. 3 days ago, its share buyback valued at about $3 million.

On 11 Dec 14, it made 2 consecutive share buy back programs valued at close to $10 million. To date, it had spent about $21 million in total on buying back its shares.

Loh Chin Hua, an unknown investor increased his/her stake today from 0.44% to 0.99%.

I am not exactly bullish on the crude oil price now but i think $8 could be one of the lowest buying points Keppel Corp can go.