Stock Name: M1
Company Name: M1 LIMITED
Maybank Kim Eng Research in a May 18 research report says: "M1 has just launched a new prepaid product in conjunction with MasterCard and EZ-Link. The M1 Prepaid MasterCard is a multipurpose debit card that allows users to top up M1’s prepaid cards, pay public transit fares, ERP and car park charges and make contactless purchases. "We think it is an interesting product that should help M1 increase customer stickiness and reverse negative net-adds in prepaid. The main selling point is that it offers a simple way to pay for goods and services but without the complexity of owning a credit card. "M1 has provided a stable outlook guidance for FY12, driven by its mobile data and fixed services segment. We expect this new product to drive higher quality prepaid net-adds as well. Target price of $2.85, based on 15x FY12 EPS and dividend per share of 14.5 cents. MAINTAIN BUY."
Company Name: M1 LIMITED
| Research House: Maybank Kim Eng | Price Call: BUY | Target Price: 2.85 |
Maybank Kim Eng Research in a May 18 research report says: "M1 has just launched a new prepaid product in conjunction with MasterCard and EZ-Link. The M1 Prepaid MasterCard is a multipurpose debit card that allows users to top up M1’s prepaid cards, pay public transit fares, ERP and car park charges and make contactless purchases. "We think it is an interesting product that should help M1 increase customer stickiness and reverse negative net-adds in prepaid. The main selling point is that it offers a simple way to pay for goods and services but without the complexity of owning a credit card. "M1 has provided a stable outlook guidance for FY12, driven by its mobile data and fixed services segment. We expect this new product to drive higher quality prepaid net-adds as well. Target price of $2.85, based on 15x FY12 EPS and dividend per share of 14.5 cents. MAINTAIN BUY."
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