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M1 STOCK: WILL YOU BUY NOW?
By Singapore Stocks Investing (SSI)  •  April 28, 2017
Dear readers, as you would have known now, a number of overseas companies, including a Chinese mining company are reportedly vying to acquire M1. There could hence be a possibility that M1 stock would be the next Singapore stocks to be taken private. M1 stock rose by 3.8% on increased volume yesterday (27 Apr 2017). Investors who bought into M1 stock yesterday might have done so due to the thinking that the final deal for M1 would translate into an exit price much higher than the $2.17 per share that M1 stock traded at yesterday. Based on the closing price yesterday, M1 stock is trading at around 4.6 Price-to-Book, with a dividends yield of 5.94% and a Price-to-Earnings ratio of 14.067. Technical-wise, M1 stock is still trading below its 200-Days-Moving-Average though the price movement seems to suggest that the stock will cross above this average ......
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By Singapore Stocks Investing (SSI)
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