SINGAPORE (July 7): DBS Vickers Securities is reiterating its "buy" call on M1, switching the local telco's previous target price of $2.60 to a bull-case estimate of $3.30 with confidence that the probability of a new mobile entrant is declining.
Presuming a three-player market to remain, DBS has raised M1's FY18F and FY19F earnings estimates by 3% and 8% respectively.
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