Stock Name: M1
Company Name: M1 LIMITED
CIMB in a June 21 research report says: "M1's "soft launch" of LTE is not expected to have much impact on either its revenue or costs given the limited coverage and devices on offer. Moreover, the cost of the dongles is not too hefty at this point.
"We view this launch more as a publicity campaign to drum up support as coverage is widened and more devices are available as M1 typically likes to be the first to launch new services. There should not be any issue over spectrum as it, together with StarHub, has the highest amount of 1800 MHz spectrum.
"This should be sufficient for M1 to cope with any upsurge in data traffic. We make no changes to our earnings forecasts or DCF-based target price of $2.63 (WACC 8.5%). MAINTAIN NEUTRAL."
Company Name: M1 LIMITED
| Research House: CIMB | Price Call: HOLD | Target Price: 2.63 |
CIMB in a June 21 research report says: "M1's "soft launch" of LTE is not expected to have much impact on either its revenue or costs given the limited coverage and devices on offer. Moreover, the cost of the dongles is not too hefty at this point.
"We view this launch more as a publicity campaign to drum up support as coverage is widened and more devices are available as M1 typically likes to be the first to launch new services. There should not be any issue over spectrum as it, together with StarHub, has the highest amount of 1800 MHz spectrum.
"This should be sufficient for M1 to cope with any upsurge in data traffic. We make no changes to our earnings forecasts or DCF-based target price of $2.63 (WACC 8.5%). MAINTAIN NEUTRAL."
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