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Brokers' take

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M1 has to contend with higher handset subsidies caused by the launch of iPhone 8 and 8 Plus in Sept 17 as well as stiffer competition with the impending entry of TPG Telecom in 2018.

M1 > Buy
UOB Kay Hian, Aug 18
Aug 18 close: S$1.805
Target price: S$1.98

M1 has to contend with higher handset subsidies caused by the launch of iPhone 8 and 8 Plus in Sept 17 as well as stiffer competition with the...

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