Analysts keep M1 at 'hold' as headwinds from TPG's impending entry stay strong

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SINGAPORE (April 17): M1 reported a 0.9% rise in 1Q18 earnings to S$34.1 million compared to S$33.8 million in 1Q17.

Operating revenue rose 0.5% to S$254.1 million from S$252.8 million, with service revenue increasing 3.0% to S$184.7 million, driven by higher fixed services and postpaid revenues with the growing corporate and government segment contributed 37% of service revenue.

(See: M1 reports 0.9% rise in 1Q earnings to $34.1 mil)

Following the results announcement, RHB is maintaining its “neutral” call on M1 with a target price of S$1.95... (Click here to read the full story)