Stock Name: M1
Company Name: M1 LIMITED
Phillip Securities Research in an Apr 17 research report says: "M1 reported revenue increase of 2% attributable to growth in Mobile Services revenue & Fixed Services revenue. Growth in Mobile Services revenue was mainly due to a larger customer base, while Fixed Services revenue improved with a gradual increase in broadband subscriber base. "EBITDA margin on service revenue declined 2.1ppt as the increase in operating costs outpaced the growth in revenue. Despite aggressive pricing by M1, the company’s growth in fibre subscriber base remains slow at a run rate of 7k subscribers in a quarter. "M1’s postpaid mobile ARPU was stable at $52.9 per month. However, postpaid churn rate climbed to a recent high of 1.5% with postpaid net add of only 7k subscribers. Target price of $2.38. MAINTAIN REDUCE."
Company Name: M1 LIMITED
| Research House: Phillip Securities | Price Call: SELL | Target Price: 2.38 |
Phillip Securities Research in an Apr 17 research report says: "M1 reported revenue increase of 2% attributable to growth in Mobile Services revenue & Fixed Services revenue. Growth in Mobile Services revenue was mainly due to a larger customer base, while Fixed Services revenue improved with a gradual increase in broadband subscriber base. "EBITDA margin on service revenue declined 2.1ppt as the increase in operating costs outpaced the growth in revenue. Despite aggressive pricing by M1, the company’s growth in fibre subscriber base remains slow at a run rate of 7k subscribers in a quarter. "M1’s postpaid mobile ARPU was stable at $52.9 per month. However, postpaid churn rate climbed to a recent high of 1.5% with postpaid net add of only 7k subscribers. Target price of $2.38. MAINTAIN REDUCE."
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