Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<a href="https://www.smartkarma.com/profiles/25" target="_blank" data-smartkarma-citation="accounts:25">Travis Lundy</a> recently commented on the newly announced share buyback at <a href="https://www.smartkarma.com/entities/31" target="_blank" data-smartkarma-citation="entities:31:1">Rakuten (4755 JP)</a>. The stock duly surged, rising 8.5% the day after. We see the buyback however it is accomplished, as a positive.<ul><li>
The buyback aligns Rakuten more closely with market dynamics: Corporate Japan is focused on boosting returns on equity and share buybacks have been a powerful tool in accomplishing that. Investors have generally rewarded companies that have done this. Until now, Rakuten has been moving in the…</li></ul>

Travis Lundy recently commented on the newly announced share buyback at Rakuten (4755 JP). The stock duly surged, rising 8.5% the day after. We see the buyback however it is accomplished, as a positive.
The buyback aligns Rakuten more closely with market dynamics: Corporate Japan is focused on boosting returns on equity and share buybacks have been a powerful tool in accomplishing that. Investors have generally rewarded companies that have done this. Until now, Rakuten has been moving in the…

Rakuten's Share Buyback Offsets Their Disappointing Results.

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Softbank reported in line third-quarter fiscal 2016 (quarter ending December 2016) results with revenue down 0.6%, operating profit up 71% and net income up 285%, compared with negative 0.2%, positive 3.5% and 80% rises in the first half respectively. No management guidance was provided for fiscal 2016 and we broadly maintain our existing forecasts with our fair value estimate growing to JPY 7,500 per share from JPY 6,800 per share due mainly to our increased fair value of <a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba Group Holding</a>…

Softbank reported in line third-quarter fiscal 2016 (quarter ending December 2016) results with revenue down 0.6%, operating profit up 71% and net income up 285%, compared with negative 0.2%, positive 3.5% and 80% rises in the first half respectively. No management guidance was provided for fiscal 2016 and we broadly maintain our existing forecasts with our fair value estimate growing to JPY 7,500 per share from JPY 6,800 per share due mainly to our increased fair value of Alibaba Group Holding…

Softbank Result in Line; FVE Raised to JPY 7,500 Due to Increased Alibaba Value

Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Thematic (Sector/Industry)

<ul>
<li>It’s much harder for computers to learn simple inference than a human brain, but once neural network software is ‘trained’ it can apply the lessons far more reliably and cheaply.</li>
<li>Ever faster processors, ‘deep learning’ algorithms and unprecedented amounts of tagged online data have allowed AI to challenge human accuracy in image and voice recognition and translation.</li>
<li>Recent applications include cataloguing images, assessing insurance claims, interpreting medical scans and legal documents and…</li>
</ul>


It’s much harder for computers to learn simple inference than a human brain, but once neural network software is ‘trained’ it can apply the lessons far more reliably and cheaply.
Ever faster processors, ‘deep learning’ algorithms and unprecedented amounts of tagged online data have allowed AI to challenge human accuracy in image and voice recognition and translation.
Recent applications include cataloguing images, assessing insurance claims, interpreting medical scans and legal documents and…


Rise of the Machines: The AI Arms Race…

<a href="https://www.smartkarma.com/entities/19603" target="_blank" data-smartkarma-citation="entities:19603:1">Yahoo Japan (4689 JP)</a> delivered stronger than expected 3Q16/17 results on an unexpected acceleration of advertising revenue growth and continued market share expansion in eCommerce. In particular, monetization of the B2C eCommerce platform stepped up in 3Q with ad revenue doubling from a year ago as the take-rate moved from around 3% to 4%. Investors have been worried that competition from alternative platforms could squeeze growth in ad sales but, in fact, growth rates are expanding. This was a…

Yahoo Japan (4689 JP) delivered stronger than expected 3Q16/17 results on an unexpected acceleration of advertising revenue growth and continued market share expansion in eCommerce. In particular, monetization of the B2C eCommerce platform stepped up in 3Q with ad revenue doubling from a year ago as the take-rate moved from around 3% to 4%. Investors have been worried that competition from alternative platforms could squeeze growth in ad sales but, in fact, growth rates are expanding. This was a…

Yahoo Japan Delivers Solid Ad Revenue Growth in 3Q16/17. The Outlook Remains Positive.

Information Technology Consultant

Ishita Jain

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush telling me how to brush correctly. But something tells me that I should get used to this very soon as a wave of dumb products suddenly become 'smart'. Artificial intelligence ("AI") and Internet of Things ("IoT") are changing the way we interact with everyday objects. With so much happening in this space, it can be overwhelming to make sense of it. This insight will help in that I will explain how AI and IoT come together. I will then follow it up with an insight on investing in this area.

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush telling me how to brush correctly. But something tells me that I should get used to this very soon as a wave of dumb products suddenly become 'smart'.   Artificial intelligence ("AI") and Internet of Things ("IoT") are changing the way we interact with everyday objects. With so much happening in this space, it can be overwhelming to make sense of it.   This insight will help in that I will explain how AI and IoT come together. I will then follow it up with an insight on investing in this area.

Artificial Intelligence & Internet of Things: Making Sense of It All

Japan

LY Corporation operates as an internet search engine "Yahoo! JAPAN". The Company provides electronic commerce and settlement finance services for small medium enterprises and individuals. LY also operates media business including search linked advertising and display advertising services.

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LY (4689 JP)

Softbank Result in Line; FVE Raised to JPY 7,500 Due to Increased Alibaba Value

Softbank reported in line third-quarter fiscal 2016 (quarter ending December 2016) results with revenue down 0.6%, operating profit up 71% and net...

Morningstar, Inc.

Rise of the Machines: The AI Arms Race…

It’s much harder for computers to learn simple inference than a human brain, but once neural network software is ‘trained’ it can apply the...

Sean Maher

Yahoo Japan Delivers Solid Ad Revenue Growth in 3Q16/17. The Outlook Remains Positive.

Yahoo Japan (4689 JP) delivered stronger than expected 3Q16/17 results on an unexpected acceleration of advertising revenue growth and continued...

New Street Research

Artificial Intelligence & Internet of Things: Making Sense of It All

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush...

Ishita Jain

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Rakuten's Share Buyback Offsets Their Disappointing Results.

Travis Lundy recently commented on the newly announced share buyback at Rakuten (4755 JP). The stock duly surged, rising 8.5% the day after. We see...

New Street Research

Softbank Result in Line; FVE Raised to JPY 7,500 Due to Increased Alibaba Value

Softbank reported in line third-quarter fiscal 2016 (quarter ending December 2016) results with revenue down 0.6%, operating profit up 71% and net...

Morningstar, Inc.

Rise of the Machines: The AI Arms Race…

It’s much harder for computers to learn simple inference than a human brain, but once neural network software is ‘trained’ it can apply the...

Sean Maher

Yahoo Japan Delivers Solid Ad Revenue Growth in 3Q16/17. The Outlook Remains Positive.

Yahoo Japan (4689 JP) delivered stronger than expected 3Q16/17 results on an unexpected acceleration of advertising revenue growth and continued...

New Street Research

Artificial Intelligence & Internet of Things: Making Sense of It All

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush...

Ishita Jain