Singapore Stock Market News

M1 - Overseas adventure - A shift

StockFanatic
Publish date: Thu, 07 May 2015, 01:01 PM
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M1 and TeO enter into Investment Agreement
(Picture Credit : teo.om)
■ M1 has surprised us by taking a minority share in a telecom player in Oman

■ We are not excited by its investment in a new mobile reseller in a saturated market with 4 mobile players and multiple mobile resellers

Maintain HOLD with lower TP of S$3.65 as we assume 80% probability of entry of 4th mobile player in Singapore
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