Taiwan Telcos Revenues Sag as 4G Matures. Outlook Remains Difficult.

Recent Telco Meetings in Taiwan Confirm Cautious View. Operators Unable to Generate Growth.

Taiwanese Telcos December Results Show Ongoing Pressure on Revenues and Profits

Taiwan Telcos: Chunghwa Still Struggling. Risk Increasing They Take Action to Protect Share

Taiwan Telecom Meetings: Strong Dividends Support the Sector.

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Equity Bottom-Up

<p> <a href="https://www.smartkarma.com/entities/9181" target="_blank" data-smartkarma-citation="entities:9181:1">Chunghwa Telecom (2412 TT)</a> continues to be our main source of concern in the Taiwanese telecom market. The market remains expensive and hopes for a revenue pick up as the country moved from 3G to 4G have largely been unmet. In fact, they have declined and that has put pressure on margins. Investors had hoped for a move away from unlimited to tiered plans but the ongoing market share losses at Chunghwa suggest the risks are now on the downside. </p><p>While new entrants have failed to have much impact…</p>

 Chunghwa Telecom (2412 TT) continues to be our main source of concern in the Taiwanese telecom market. The market remains expensive and hopes for a revenue pick up as the country moved from 3G to 4G have largely been unmet. In fact, they have declined and that has put pressure on margins. Investors had hoped for a move away from unlimited to tiered plans but the ongoing market share losses at Chunghwa suggest the risks are now on the downside. While new entrants have failed to have much impact…

Taiwan Telcos Remain Under Pressure. How Will Chunghwa Respond to Market Share Losses?