20-04-2012, 06:24 PM
Kim Eng latest report on M1
M1 - Gaining greater clarity (Buy, TP $2.85)
http://www.kimengresearch.com.sg/Downloa...0412M1.pdf
The growth story of M1 begin with the Fixed Service user and revenue reaches a critical mass. It is much slower now then originally expected.
IMHO, The critical mass of > 100k user and > 100 Mils for Fixed Service required, before any meaningful launching of "value-add" services by M1.
YMMV
M1 - Gaining greater clarity (Buy, TP $2.85)
http://www.kimengresearch.com.sg/Downloa...0412M1.pdf
The growth story of M1 begin with the Fixed Service user and revenue reaches a critical mass. It is much slower now then originally expected.

IMHO, The critical mass of > 100k user and > 100 Mils for Fixed Service required, before any meaningful launching of "value-add" services by M1.
YMMV
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡