HKBN: No More Deals (For Now). Focus on Execution and Rising Returns.

HKBN, Second Half Turnaround Expected as Management Focus on Ebitda Growth

HKBN Delivers Strong Profit Growth in 1H18. More to Come.

HKBN's Weaker 1Q Numbers Reflect Its Growth Strategy

HKBN Expands Its Presence in Household and Enterprise Businesses

HKBN Moves into Commercial Market with Acquisition of New World Telecoms

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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

While <a href="https://www.smartkarma.com/entities/289" target="_blank" data-smartkarma-citation="entities:289:1">HKBN's (1310 HK)</a> 1H17 results were broadly in line with our estimates (ex the NWTL acquisition last year), we have scaled back our numbers on lower subscriber growth and a somewhat higher ARPU outlook. We now expect the extraction of synergies from the NWTL acquisition to be pushed back. The stock has been savaged but we view the shift in focus towards raising shareholder returns as a positive. Roadmap to reaching operating targets: Management is looking to move from investment to the…

While HKBN's (1310 HK) 1H17 results were broadly in line with our estimates (ex the NWTL acquisition last year), we have scaled back our numbers on lower subscriber growth and a somewhat higher ARPU outlook. We now expect the extraction of synergies from the NWTL acquisition to be pushed back. The stock has been savaged but we view the shift in focus towards raising shareholder returns as a positive. Roadmap to reaching operating targets: Management is looking to move from investment to the…

HKBN 1H17 Disappoints and Near-Term Earnings Outlook Disappoints but Focus on Returns a Positive

HKBN Ltd

HKBN 1H17 Disappoints and Near-Term Earnings Outlook Disappoints but Focus on Returns a Positive