Friday 29 Mar 2024
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SINGAPORE (Sept 28): RHB Research and CGS-CIMB Securities say Keppel Corp and M1's S$2.06 per share valuation of M1 is fair.

To be sure, M1’s share price has de-rated by a significant 30% on worries over escalating threats posed by new players in the market over the past 18 months.

The offer price values M1 at S$1.92 billion, 23% above RHB's previous DCF-derived target price of S$1.68. On the other hand, CGS-CIMB says shareholders should accept the offer as it is at a "26% premium to the last traded price and 29% premium to... (Click here to read the full story)

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