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Limited upside for M1, analysts say, amid talk of possible sale

Analysts say intense competition clouding outlook for telco sector

Published Mon, Mar 20, 2017 · 09:50 PM

Singapore

AMID takeover speculation for telco M1, analysts continued to debate how much of a premium a potential buyer would pay. Valuations ranged widely from S$1.58 to S$2.74.

Some pointed out that the stock is unattractive due to stiff competition in Singapore's saturated telco scene. Others wondered if fellow competitor StarHub could merge with it.

Last Friday evening, M1's substantial shareholders announced that they were unde…

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