M1

SINGAPORE (Jan 24): M1 on Tuesday reported a 2.5% drop in 4Q17 earnings to $31 million from a year ago, dragged down by lower handset sales.

SINGAPORE (Jan 23): M1 reported 4Q17 earnings declined by 2.5% to $31.0 million from $31.8 million in 4Q16 on lower handset sales.

SINGAPORE (Jan 12): UOB Kay Hian has turned defensive on the telco sector as channel checks indicate TPG Telecom's network deployment is progressing smoothly and is on track for its year-end commercial launch.

SINGAPORE (Jan 10): Tight competition within Singapore’s Telecommunications sector should persist in 2018, with the new entrants joining the fray, according to RHB.

SINGAPORE (Nov 23): OCBC Research is remaining “neutral” on Singapore’s telco sector as it anticipates a decline in average revenue per user (ARPU) by 14-20% over the next years while TPG secures mobile revenue market share of about 6% by 2021.

SINGAPORE (Oct 17): M1 has received four “holds”, one “buy” and one “sell” from research houses after posting its results on Monday.

SINGAPORE (Oct 16): DBS Group Research says M1 is taking a leaf out of Circles.Life’s playbook and undercutting the efforts of Singtel and StarHub to stabilise average revenue per user (ARPU) – even before the entry of fourth mobile operator TPG Telec

SINGAPORE (Oct 16): DBS Group Research is maintaining M1 at “fully valued” with a target price of $1.49 given lower dividends on earnings decline as revenues come under pressure and costs escalate.

SINGAPORE (Sept 27): UOB Kay Hian is keeping its “buy” recommendations on M1, Singapore Telecommunications (SingTel), and NetLink NBN Trust amid a delay in the entry of Singapore’s fourth mobile operator to the second half of 2018.

SINGAPORE (Sept 26): M1’s board chairman, Choo Chiau Beng, has signalled his intended retirement and will step down from the board on Jan 1, 2018.