Source: http://www.todayonline.com/singapore/ida-offer-spectrum-lower-price-facilitate-entry-fourth-telco
The IDA said that it does not see the market as being able to support more than four players.
Even with news that a forth telco may be coming into the market, M1 had ramped up its efforts to capture market share by offering the cheapest mobile plans. This plans may lure in more subscribers in attempt to discourage a forth telco entrant. However, there are still no news of who will be the forth telco yet.
Source: http://www.straitstimes.com/tech/m1-rolls-out-cheapest-mobile-plans-aimed-at-consumers-who-do-not-need-handset-upgrade
What price to enter M1 given its attractive dividend yield of 6% at current closing price of 3.05?
5 year historical chart
Source: KE Trade
Trend lines intersect at $2.7
Target entry price: $2.7
The historical charts of near about five years are showing only ups in the share price and looks will be going more up in the coming future.
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