Shares & Derivatives
Potential sale of M1
By Singapore Stock Investment to Financial Freedom (SSIFF)  •  March 19, 2017
M1 biggest key shareholders Malaysian telecom firm Axiata Group (28.54%), Keppel Telecommunications & Transportation (19.23%) and Singapore Press Holdings (13.38%) announced on 17 March that they are evaluating selling their combined stakes worth more than $1.14 billion. This triggered a sharp spike in M1 trading yesterday to a high at $2.19 per share, representing 7.88% increase before trading halt at 4:30pm. M1 is the smallest telco among the 3 in Singapore. With the announcement of the 4th telco last year, share price of M1 had been dropping madly from a high of $4 to $2. I had been monitoring the situation since last year and decided to add more positions into M1. It was deeply undervalued and with a decent dividend of at least 6%, I am more than gladful to buy and wait for it to reach its fair value. As M1 is ......
Read the full article
By Singapore Stock Investment to Financial Freedom (SSIFF)
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance