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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

<p><a href="https://www.smartkarma.com/entities/690" target="_blank" data-smartkarma-citation="entities:690">Telstra Corp Ltd</a>'s (Telstra) 1H16 report last week showed underlying trends close to forecast although Ebitda was a bit weak. On the positive side, we are seeing mobile margin upswing and rapid growth in NBN payments. Our view is that Telstra can manage long term margin dilution (post NBN payments and migration) and retain LT margins above 30%. </p><p>Revenue was strong across all key lines, helped by the weak $A. However, the mix favored low margin content and complex services.  Consumer grew through…</p>

Telstra Corp Ltd's (Telstra) 1H16 report last week showed underlying trends close to forecast although Ebitda was a bit weak. On the positive side, we are seeing mobile margin upswing and rapid growth in NBN payments. Our view is that Telstra can manage long term margin dilution (post NBN payments and migration) and retain LT margins above 30%. Revenue was strong across all key lines, helped by the weak $A. However, the mix favored low margin content and complex services.  Consumer grew through…

Telstra Corp

Telstra: Good Underlying Trends