Thursday, May 07, 2015

My First Telco Stock - M1!

Hooted my first Telco stock recently, M1!

I have always wanted to own a Telco stock, but they have been overpriced for the longest time. Any of the 3 Telcos are good, but I picked M1 largely due to me being one of their customer.

My opportunity came recently when M1 pulled back, mostly based on fear of the impending 4th Telco entering the market.

The earnings were pretty much flat/slightly improved, but somehow the price pulled back >10% from its 52 week high.

On a positive note, it seems that they are partnering with overseas Telco to expand beyond Singapore shores.


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