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Brokers' take

Published Thu, Feb 4, 2016 · 09:50 PM
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M1 | Buy

Target price: S$2.82

Feb 4 close: S$2.33

Citi Research, Feb 3

M1's share price plunged 43 per cent from its peak in FY 2015 on concerns of the potential entry of a new player and the effects of rising interest rates. We believe the concerns have been more than priced in.

We see risk from a new entrant as manageable given challenges in raising funding for licences, and moreover, a compet…

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