22-07-2014, 09:13 PM
OSK DMG analyst report, BUY rating with TP $4.3, after the 1H2014 result.
(vested)
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M1’s results were in line with RHB and consensus forecasts. It is seeing
good traction in monetizing data while roaming revenue weakness and
the competitive headwinds in broadband appear to have stabilized. M1
is also closing in on content carriage milestones, having met a key
prerequisite. We raise our DCF-based TP to SGD4.30 (from SGD3.65)
after lowering our WACC assumption to factor in lower competitive
risks and its stronger mobile traction. BUY.
http://rhbosk.ap.bdvision.ipreo.com/NSig...3b7ca1.pdf
(vested)
-------
M1’s results were in line with RHB and consensus forecasts. It is seeing
good traction in monetizing data while roaming revenue weakness and
the competitive headwinds in broadband appear to have stabilized. M1
is also closing in on content carriage milestones, having met a key
prerequisite. We raise our DCF-based TP to SGD4.30 (from SGD3.65)
after lowering our WACC assumption to factor in lower competitive
risks and its stronger mobile traction. BUY.
http://rhbosk.ap.bdvision.ipreo.com/NSig...3b7ca1.pdf
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