26 August 2017

M1 Fibre gives discounts to existing ADSL/Cable broadband users to switch to M1 Fibre Broadband

M1 is now offering really cheap fibre broadband plans never seen before for defactors of ADSL and Cable broadband users.

The two plans are 

300 Mbps at S$23/mth for the first 12 months followed by S$29/mth for the next 12 months. That averages to S$26/mth for 24 mths. A total of S$624 for 24 mths. 

For the 1Gbps plan, it is priced at $29/mth for the first 12 mths and S$39/mth for the subsequent 12 mths. That averages to S$34/mth. A total of S$816 for 24 mths. This plan comes with a free 802.11ac Router.

The two plans comes with a 500MB SIM that you can use for surfing on 4G or make calls (charges applies).

A 24-month service commitment contract applies. Discounts are valid for 24 months, thereafter, prevailing rates apply. Promotional monthly subscription rate of $23/$29 for M1 Fibre Broadband 300Mbps/1Gbps service respectively is valid for the first 12 months and will commence on the service activation date. Promotion is valid from 26 August 2017 to 15 September 2017. Each M1 Fibre Broadband 300Mbps sign-up may choose to receive a wireless AC router by topping up an additional $5/month (subject to availability of stock). Each M1 Fibre Broadband 1Gbps sign-up will receive a wireless AC router (subject to availability of stock). M1 reserves the right to substitute the wireless AC router with a product of similar value at its sole discretion without prior notice.

Promotion is not valid in conjunction with other offers. A one-time registration charge of $48.15 will apply to new sign-ups for Fibre services. Waiver of ONT Activation fees up to $58.85 is only applicable for installation on weekdays (9am to 5pm). For 4G Mobile Broadband SurfValue (SIM only): A SIM card will be issued to new customers. Customers can enjoy up to 500MB of local data usage per month. Excess data usage charges of $10.70/GB, capped at a maximum of $188.32 (excluding monthly subscription) apply. M1 High Speed Fibre Broadband Plans are available for access and use at residential premises (“Service Address”) only. Installation and other miscellaneous fees may apply. Visit m1.com.sg/fbbtnc for full promotion terms and conditions.


18 August 2017

M1 continues with a 2nd day of share buyback

M1 (B2F) continues with it's share buyback. The maximum number of shares authorised for purchase is 93,006,278  or 93 million shares.

Today, on 18 Aug 2017 they only bought back 400,500 shares price ranging from $1.77 to $1.795. A total of $716,973.36 was spent in buying back the 400,500 M1 shares.

Yesterday they bought back 3,000,000 shares from $1.74-1.78. Total $5,321,323.81
To date, they have bought back 3,400,500 shares.

Sheng Siong is being sold off due to fear

It is unfortunate that the local stock market has more young technical traders than investors. A lot of times, long time investors are taken for a ride due to traders speculating and spreading rumours about counters on online forums and WhatsApp.

Sheng Siong is one of the latest victims. The share price was around $1.00 before it started to drop on Amazon's entry into the Singapore market.

Although we see high business volume at Sheng Siong, Amazon has changed the landscape as they can deliver anywhere in Singapore within 2 to 4 hours for free. Sheng Siong, which has a lead by more than one year didn't anticipated that the buyer's behavior has changed and they still only deliver within the north eastern Singapore.

Sheng Siong has to counter this challenge. Amazon is not RedMart or smaller players but a big company that even the Trump dislikes as it has disrupted the retail business over there.

Amazon will also challenge other retail business soon once they expand the products carried locally. Some of these include Courts, Harvey Norman, Lazada, Qoo10.

FA or TA, this doesn't look too good for Sheng Siong for the short term.

17 August 2017

M1 begins share buyback of 3 million shares in open market to support share price

M1's share price has been shorted the most after it's strategic review didn't go through.

Today, M1 made an announcement that they are doing Share BuyBack. This is supportive of the share price and it is a bullish indicator.

I predict that M1 share price will move back to $2.00 or more. The company's initiative with NB-IoT will pay off. Secondly, TPG will have minimal impact on the telcos as the infrastructure isn't ready.

02 August 2017

HSBC offers no minimum trading charges for SGX, HKEX and US trading

Take advantage of our promotional brokerage rates and invest in stocks in the USNEW, Singapore and Hong Kong markets  online through Personal Internet Banking.
From 1 to 31 August 2017, enjoy 0.052% brokerage fee with no minimum fee* on all trades via HSBC Online Securities Trading platform. There is no minimum charge of $10 for the trade. It is valid from 1 to 31 August 2017.


27 May 2017

Did Singapore dollar outperform Ringgit over a ten year period 2007 to 2017 ?

The above scenario is based on a FD of 1.2% kept in a Singapore bank versus a FD of equivalent amount  
converted to MYR in 2007 at 1 SGD=2.29 MYR. 
No withdrawals are done and after ten years, the compounding effect of the MYR at 4.5%
outperform the SGD.


                          SGD                            MYR
2007 100000 229000
2008 101200 239305
2009 102414.4 250073.725
2010 103643.3728 261327.0426
2011 104887.0933 273086.7595
2012 106145.7384 285375.6637
2013 107419.4873 298217.5686
2014 108708.5211 311637.3592
2015 110013.0234 325661.0403
2016 111333.1796 340315.7872
2017 112669.1778 355629.9976
If we convert MYR back to SGD, using the current exchange rate of 3.1
SGD 112669.1778 x 3.1 = MYR 349274.45

This is just a simplistic comparison as FD rates of both countries fluctuated over the past ten years too.

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