M1 | BUY


YIELD BACK ABOVE 5%

-20% pullback from high
-Still positive about outlook
-Valuations are more reasonable

M1 Ltd recently saw a sharp sell-down in its share price, dropping nearly 20% from its 52-week high of S$3.99 to its current price around S$3.21; investors likely spooked by rising interest concerns as well as talks of the emergence of a fourth telco in Singapore. M1 – being the smallest here – is seen to be most at risk of losing market share. Having said that, we note that the company’s outlook for 2015 still happens to be the most optimistic among its peers. In the wake of the recent sell-off, we note that M1’s forecast dividend yield is back up to around 5.8% - the highest among its peers (StarHub would be second around 5%). And while rising interest rates is probably a given, the extent of the rate hikes remains uncertain, given the still splotchy pace of economic recovery in the US. And as the current share price also offers a decent 14% capital appreciation to our unchanged S$3.66 fair value, we upgrade our call to BUY.

yeap.. i bought M1 for the div yield...

Some business or rich people/family must be dumping RM for SGD in a hurry. For some reasons, they need to convert their money very very quick irregardless of exchange rate.

Only BNM, MAS, the banks handling the transfer and themselves know the story. While we all were left puzzling why it went from 2.69 to 2.78 (almost 3.5%) in a week

take a look too at usd/myr:
http://www.xe.com/currencycharts/?from=USD&to=MYR&view=1W
myr/thb:
http://www.xe.com/currencycharts/?from=MYR&to=THB&view=1W
myr/idr:
http://www.xe.com/currencycharts/?from=IDR&to=MYR&view=1W
aud/myr:
http://www.xe.com/currencycharts/?from=AUD&to=MYR&view=1W

u will see that rm has lost ground to all of them in the last 1 week, incl rupiah, not just sgd.

Ya, it is broad base. Not only USD. For USD drop I understand. But the drop vs SGD is more than USD over the past week. That's why my "conspiracy theory" is that the business / rich people knew something is happening and taking quick steps to preserve their wealth. When I made my transfer over the last few weeks bit by bit, my bankers are telling me such transactions are getting more and more.

Just that the sudden surge over this week caught me by surprise. I am too slow my RM kena stucked that's why I butthurt

now, that i can understand.
same surprise for parents remitting college fees for their kids in usa, uk, etc.

anway, not to hijack this sgreits thread, can continue in this rm/fx thread:
https://forum.lowyat.net/topic/3461956/+320

today can shopping SGX.
very red.

anyone got KEPPEL REIT?

Thought of that, but no more sgd.
All available put in Singtel already, looking fine.

i holding keppel reit from 1.20. now at 1.15 tot add in.
I still hv SGD...

today SGX so so RED....

if u take a look since jan 1 until now, 6 months or so:

sgx, usa flat, gave up all gains.
klci negative, losses.
dax, ftse, nikkei hv gains.
china, hk - party goes on.

gotta be watchful...

Picked up Parkway Life at 2.28 today

wow... banyak red today ....
still hold on to my limited SGD bullets and wait ....

This post has been edited by Vector88: Jun 9 2015, 07:45 PM

reit prices under pressure becos of the on-going bond rout.

us 10yr yield been rising everyday, now >2.45%.

good read about current bonds and currencies situation:
http://www.theedgemarkets.com/my/article/o...trong-greenback

The bond sell off should be bottoming out soon. I'm accumulating SREITs now

calling SREITS kakis,

any undervalued to buy now? i got spare cash ....

undervalued... meaning?

those nav higher than price, plenty... sabana, lippo, saizen... all high yields, price dropping... u want?!

personally, i suggest u hold until the bond story is over. i think it is far from over, volatility before stability.



u could hv bought div stocks like singtel like some of us were discussing a week or so ago!

hahaha.... i;m not because my photo copier machine just repaired.(Salary in)


look like i shall aim for Starhill or something else?

starhill is probably among the top sgreit choices at this time, imo.

like soilbuildbiz, it does not fly but stable, steady, good yield.

cannot agreed more on Soild.... this is slow but steady....

Starhill is the best i can see a lot people... perhaps is a sch term holidays....

Sheng Siong and Yu ren seng can play during CNY time.... personal think...

did u guys grab more singtel then?

now 4.24.

missed the lowest... my average 4.07, happy enough.