Singapore Stock Market News

M1 - Takeaways from the NDR

StockFanatic
Publish date: Mon, 30 Mar 2015, 09:16 AM
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Management strikes a confident note
We hosted M1's meeting with clients.

The key issues for discussion centered on
a) M1's views and strategy for a possible fourth mobile operator in Singapore,

b) drivers of mobile revenue growth and handset subsidies,

c) progress in the corporate segment,

d) strategy for fibre broadband and IPTV and

e) new growth opportunities.

Management reiterated their commitment to profitable growth, cashflows and a minimum 80% dividend payout. We maintain our rating on M1 (Buy, target price SGD 4.5).
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