Stock Name: M1
Company Name: M1 LIMITED
Maybank-Kim Eng in a Mar 16 research report says: "When Apple’s new iPad comes onto the market, we do not expect M1 to suffer a margin upset. The iPad tends to have a much smaller impact on subscriber acquisition costs than the iPhone.
"M1 appears to be easing up on its aggressive stance on fibre. With the new iPad out on the market, the next iPhone is not expected to be launched until October. The government has finally stepped in to force OpenNet to be more responsive to market needs.
"NGNBN take-up has been slow last year, but if the teething issues are resolved, this will be a positive catalyst for M1. Target price of $2.85 (including DPS of $0.145) for a total return of 14%. UPGRADE TO BUY."
Company Name: M1 LIMITED
| Research House: Kim Eng | Price Call: BUY | Target Price: 2.85 |
Maybank-Kim Eng in a Mar 16 research report says: "When Apple’s new iPad comes onto the market, we do not expect M1 to suffer a margin upset. The iPad tends to have a much smaller impact on subscriber acquisition costs than the iPhone.
"M1 appears to be easing up on its aggressive stance on fibre. With the new iPad out on the market, the next iPhone is not expected to be launched until October. The government has finally stepped in to force OpenNet to be more responsive to market needs.
"NGNBN take-up has been slow last year, but if the teething issues are resolved, this will be a positive catalyst for M1. Target price of $2.85 (including DPS of $0.145) for a total return of 14%. UPGRADE TO BUY."
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