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

Alibaba Group Holding  / Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba (BABA US)</a> 1Q16 results were well ahead of NSR and consensus expectations. Revenue growth of 59% was well ahead of our +47% (cons +49%) expectation whilst corresponding EBITDA growth of 41% beat our numbers by 14% and net income by 6%. The revenue beat was driven by better monetization in core eCommerce as platform sales (GMV) were in-line with our forecasts versus the RMB 2.7bn revenue beat. This is the strongest revenue growth since the IPO helped by better targeting and represented by…</p>

Alibaba (BABA US) 1Q16 results were well ahead of NSR and consensus expectations. Revenue growth of 59% was well ahead of our +47% (cons +49%) expectation whilst corresponding EBITDA growth of 41% beat our numbers by 14% and net income by 6%. The revenue beat was driven by better monetization in core eCommerce as platform sales (GMV) were in-line with our forecasts versus the RMB 2.7bn revenue beat. This is the strongest revenue growth since the IPO helped by better targeting and represented by…

Alibaba: Very Strong 1Q16 Results Driven by Ad Tech