Singapore Stock Market News

M1 - Still 'Appletizing'

StockFanatic
Publish date: Thu, 02 Oct 2014, 12:13 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We maintain BUY on M1, with FV adjusted to SGD4.20 (WACC: 7%, terminal growth: 1.5%) from SGD4.30, a 16% upside.

Its re-rating catalysts are:
i) continued revenue market share gains,

ii) stronger take-up of fiber plans and

iii) better data monetisation efforts.

The fair value accounting on the iPhone should see M1's service EBITDA margin bucking the trend in 4Q14, a typically strong quarter for handset sales.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment