Thursday, December 4, 2014

M1 kept at 'buy' with $4 target price by UOB-KayHian

Stock Name: M1
Company Name: M1 LIMITED
Research House: UOB KayHianPrice Call: BUYTarget Price: 4.00



SINGAPORE (Dec 4): UOB-KayHian is reiterating its "buy" call on M1 Limited with a price target of $4.

In a Dec 4 report, analyst Jonathan Koh expects pent-up demand from customers who were waiting for the larger form factor offered by iPhone 6 and 6 Plus to be unleashed and the alleviation of supply constraint to produce positive net addition for the telco in 4Q14.

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