M1

This is the 3rd time it has hit the support at $1.68. With several attempt hitting the support level , it may soon breakdown and goes down to revisit 1.59 level with extension to 1.50/1.495.

Dividend of 11 cents yield of  6.55% looks attractive.

I would rather wait to see if $1.68 is it able to hold or not. Failing which , we would be an opportunity to get it at a much cheaper price.

Not a call to buy or sell.

Please do your own due diligence.

Trade/invest base on your own decision.

M1 Limited, together with its subsidiaries, provides mobile and fixed communications services to consumers and corporate customers in Singapore. It offers various voice, data, and value-added postpaid and prepaid mobile services on 4.5G/long term evolution advanced and 3G/high speed packet access; and international direct dial services to mobile and fixed-line customers. The company also trades in wholesale voice minutes with other international and local service providers, as well as provides dark fiber services to carriers and data centers. In addition, it offers various fiber broadband service plans, including fixed voice and other value-added services for residential customers; and a suite of mobile and fixed services, including symmetrical connectivity solutions, managed services, cloud solutions, cybersecurity solutions, Internet of Things, and data center services for corporate customers. Further, the company is involved in the retail sale of telecommunication equipment and accessories; provision of customer and remittances services; licensing of intellectual property rights; and provision of mobile malware detection solutions. It serves approximately 2.03 million customers through 11 M1 shop outlets and distributors, as well as online. The company was formerly known as MobileOne Limited and changed its name to M1 Limited in 2010. M1 Limited was founded in 1994 and is headquartered in Singapore.