M1 Limited (M1)

SINGAPORE (Nov 5): CGS-CIMB Securities is downgrading M1 to “hold” with an unchanged target price of $2.06 on expectations the Voluntary General Offer (VGO) will go through and that Axiata is unlikely to make a counter-bid at a much higher price.

SINGAPORE (Oct 5): Institutional investors are buying shares of M1 at levels above the offer price from major owners Keppel Corp and Singapore Press Holdings, showing they are  betting on an increase in the bid.

(Oct 2): Axiata Group Bhd’s dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks losing hold of overseas units to rivals.

SINGAPORE (Oct 1): Changes in dynamics among Singapore’s telco players could see StarHub or M1 turn acquirer during an industry consolidation in two to three years, says UOB KayHian.

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

SINGAPORE (Sept 28): If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%, say analysts.

SINGAPORE (Sept 27): StarHub shares have gained 17% over the past four weeks, from $1.62 to $1.90.

SINGAPORE (Sept 27): Keppel Corporation and Singapore Press Holdings, through a jointly held offeror Konnectivity, is making a pre-conditional voluntary general offer for M1.