M1 started at "buy", $4.50 target by Deutsche Bank

Stock Name: M1
Company Name: M1 LIMITED

Research House: Deutsche Bank

Price Call: BUY

Target Price: 4.50

SINGAPORE (Feb 24): Deutsche Bank has started coverage on M1 with a "buy" rating and price target of $4.50.

"M1 offers the cleanest exposure to the Singapore mobile market, which we view as attractive compared to fixed-line," Deutsche Bank analyst Srinivas Rao wrote in a note.

"We believe M1 has an opportunity to make modest market-share gains without attracting a strong response from Singtel or Starhub," he said.