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/947" target="_blank" data-smartkarma-citation="entities:947">Advanced Info Service Pcl</a> (AIS) recently reported 1Q16 numbers. They were weak, with margins falling further than we had expected. This led to a 14% drop in underlying Ebitda (YoY). We believe smaller operators (<a href="https://www.smartkarma.com/entities/948" target="_blank" data-smartkarma-citation="entities:948">Total Access Communication</a> [DTAC]  and <a href="https://www.smartkarma.com/entities/8" target="_blank" data-smartkarma-citation="entities:8">True Corp Pcl</a> [TRUE]) have intensified competition as they attempt to capture AIS's remaining 2G subscribers (still 7m). Marketing expenses rose sharply as did regulatory fees.</p><p>Top line trends were also poor with service revenues falling 0.5% YoY. We…</p>

Advanced Info Service Pcl (AIS) recently reported 1Q16 numbers. They were weak, with margins falling further than we had expected. This led to a 14% drop in underlying Ebitda (YoY). We believe smaller operators (Total Access Communication [DTAC]  and True Corp Pcl [TRUE]) have intensified competition as they attempt to capture AIS's remaining 2G subscribers (still 7m). Marketing expenses rose sharply as did regulatory fees.Top line trends were also poor with service revenues falling 0.5% YoY. We…

Thai Telcos: Increasing Competitive Pressures Hit AIS Results. More to Come.