TRUE Continues to Gain Share at DTAC's Expense.
Our thesis on TRUE (TRUE TB) is that with backing from China Mobile (941 HK) and a strong spectrum, infrastructure, and fibre position it is...
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ANIMAL SPIRITS: Reflationary Investment Thesis Intact Without Fiscal Trumponomics
Executive Summary Early focus on trade and protectionism by the Trump administration has not stemmed the reflation regime change. The setback in...
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China Mobile: High-Margin 4G Subscribers Dial in the Cash
Strong cash levels, and low correlation with Western stock markets relative to its sector China Mobile is the number one mobile operator in China...
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Cybercriminals and Activists Scale up Their Attacks – Who's at Risk and Why?
Distributed denial of service (DDoS) attacks have significantly increased in size, carried out by threat actors exploiting internet of things (IoT)...
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Recent Meetings with the Chinese Telcos: Preference for China Unicom Retained
We met with the Chinese telco operators before Christmas and our comments are summarized below. As a general comment, the meetings did not change...
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