There is something about M1’s growth that drives analysts crazy. Not one of the analyst have a bad thing to say about it.
Comparatively, Starhub and Singtel seems to have a lot of flaws against it.
M1 just released their Q2 report. There is nothing big to comment about except that they bought additional spectrum rights and as a result what was bad free cash flow became even worse for the quarter.
A 6.6 cents dividend payout should ease your soul.
For those interested in tracking my most current holdings, you can review my portfolio over here. Learn to use our Free Stock Portfolio Tracking Google Spreadsheet to track stock transactions.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Singapore Savings Bonds SSB November 2023 Yield Bashes Higher to 3.32% (SBNOV23 GX23110V) - October 2, 2023
- How to Inflation-Adjust Your CPF LIFE Basic or Standard Plans - October 2, 2023
- Historic Bond Move Has Killed This Crazy Portfolio Strategy (for now…) - September 30, 2023
Jared Seah
Monday 18th of July 2011
Hello Drizzt,
I think I like what Dividend warrior has done. Just buy all 3 telcos!
This year its M1. Next year Starhub could be the darling. And the year after it could be Singtel's turn.
Cheers!
Drizzt
Thursday 21st of July 2011
i really don't get why M1 performs best Jared. i think it doesn't reflect the fundamentals
gregg
Saturday 16th of July 2011
Arshan and Drizzt
Thanks for your explanation.
Arshan
Friday 15th of July 2011
Hello Gregg,
All communication devices need a particular band of electromagnetic spectrum to transmit their data. M1 bought some 'space' in this spectrum, presumably for their 4G network deployment. In time to come, Starhub and Singtel will also have to pay for this 'space' to deploy their own 4G networks [and not lose out to M1!]
On a sidenote, this 4G network 'space' is quite relevant as Apple is considering making 4G iPhones ... and telcos have to have the infrastructure ready for these money-spinners right?
Hope it answers your query.
gregg
Thursday 14th of July 2011
Hi Drizzt,
What is spectrum right? Does starhub need to pay this? i try to find it in the starhub annual report but couldn't get it....
Drizzt
Friday 15th of July 2011
hi gregg, spectrum is the band of frequency that the telco buys from the government to operate their mobile on. you buy more frequency to provide more bandwidth to your customer. government auctions off this spectrum so they are like fixed cost. starhub and singtel also got purchase.
essentially it is also their economic moat. to operated telco u need this. and they are not always given out.