Singapore Stock Market News

SMRT - Fourth telco - OMG!

StockFanatic
Publish date: Thu, 16 Apr 2015, 03:12 PM
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■ Partnering Consistel in bid to be fourth telco. Game changer if well-executed. Access to 2m rail commuters.

■ Not new to telco business as it is an existing FBO licence holder from IDA.

■ Details are lacking but we view this venture positively. Maintain HOLD pending further developments. TP unchanged at SGD1.60, based on 20x FY3/16E EPS.
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