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Singtel, M1 upgraded to ‘buy’ by DBS after sharp fall in share prices and SMRT withdrawal

PC Lee Published on Tue, Jun 09, 2015 / 10:49 AM GMT+8

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SINGAPORE (June 9): DBS is upgrading Singtel and M1 to ‘buy’ after their sharp decline in share prices recently.

The upgrade comes after SMRT announced it will not bid for 4th telco licence with OMGTel, which leaves MyRepublic as a possible contender.

This will leave MyRepublic as a possible contender for the 4th telco licence.

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