In a Monday report, analyst Luis Hilado says M1’s head start in securing a mobile virtual network operator (MVNO) leasing deal with Circles.Life has, and will, enable the telco to temper wireless revenue pressure relative to competitors going forward.
SINGAPORE (July 5): Maybank Kim Eng is maintaining its “hold” call on M1 with an unchanged price target of $1.63 cents on the belief that expected earnings pressure on the group has been largely priced in by the market.
The research house forecasts a 3% CAGR decline in wireless service revenues over 2017-20E.
