Differentiated global TMT & Internet Research

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

Singtel (Singapore Telecommunications) / Equity Bottom-Up

<p>The Singapore telecom market has really struggled of late with investors underwhelmed by <a href="https://www.smartkarma.com/entities/20" target="_blank" data-smartkarma-citation="entities:20:1">SingTel (ST SP)</a> results but shocked by the <a href="https://www.smartkarma.com/entities/119" target="_blank" data-smartkarma-citation="entities:119:1">Starhub (STH SP)</a> numbers. <a href="https://www.smartkarma.com/entities/412" target="_blank" data-smartkarma-citation="entities:412:1">M1's (M1 SP)</a> results were relatively well received but expectations were low.  All three stocks have struggled but the move down in Starhub has been the sharpest as earnings expectations have been cut sharply.  <a href="https://www.smartkarma.com/profiles/2" target="_blank" data-smartkarma-citation="accounts:2">Raghav Kapoor</a> has commented on both recently with the sector preparing for an increase in competition both from <a href="https://www.smartkarma.com/entities/323" target="_blank" data-smartkarma-citation="entities:323:1">TPG (TPM AU)</a> and…</p>

The Singapore telecom market has really struggled of late with investors underwhelmed by SingTel (ST SP) results but shocked by the Starhub (STH SP) numbers. M1's (M1 SP) results were relatively well received but expectations were low.  All three stocks have struggled but the move down in Starhub has been the sharpest as earnings expectations have been cut sharply.  Raghav Kapoor has commented on both recently with the sector preparing for an increase in competition both from TPG (TPM AU) and…

Singapore Telcos Struggle Ahead of TPG Entry. Mostly Weak Results

<p>The threat of a new telco entrant in Singapore has been a key factor in the relatively weak share price performance (-2%) of the operators in the past year. <a href="https://www.smartkarma.com/entities/119" target="_blank" data-smartkarma-citation="entities:119:1">Starhub (STH SP)</a> was the surprising outperfomer in 2H while <a href="https://www.smartkarma.com/entities/20" target="_blank" data-smartkarma-citation="entities:20:1">SingTel (ST SP)</a> trod water and <a href="https://www.smartkarma.com/entities/412" target="_blank" data-smartkarma-citation="entities:412:1">M1 Ltd (M1 SP)</a> had a tough year as M&amp;A talks faltered and it is seen as most vulnerable to the new entrant. By way of contrast, Hong Kong telecom names rose an average of 9% last year, boosted in part by the decision of <a href="https://www.smartkarma.com/entities/141" target="_blank" data-smartkarma-citation="entities:141:1">HTHK (215 HK)</a> HTHK to dispose of…</p>

The threat of a new telco entrant in Singapore has been a key factor in the relatively weak share price performance (-2%) of the operators in the past year. Starhub (STH SP) was the surprising outperfomer in 2H while SingTel (ST SP) trod water and M1 Ltd (M1 SP) had a tough year as M&amp;A talks faltered and it is seen as most vulnerable to the new entrant. By way of contrast, Hong Kong telecom names rose an average of 9% last year, boosted in part by the decision of HTHK (215 HK) HTHK to dispose of…

Singapore Telcos: 2018 Outlook. What a Difference a Threat (TPG) Makes.

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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Venture Corporation Scheduled to Join STI on 5 January

Singapore

Singapore Telecommunications Limited wireless telecommunication services. The Company offers diverse range of services including fixed, mobile, data, internet, TV,  and digital solutions. Singapore Telecommunications serves customers worldwide.

Singtel (Singapore Telecommunications) (ST SP)

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Singtel (Singapore Telecommunications) (ST SP)

Singapore Telcos Struggle Ahead of TPG Entry. Mostly Weak Results

The Singapore telecom market has really struggled of late with investors underwhelmed by SingTel (ST SP) results but shocked by the Starhub (STH...

New Street Research

Singapore Telcos: 2018 Outlook. What a Difference a Threat (TPG) Makes.

The threat of a new telco entrant in Singapore has been a key factor in the relatively weak share price performance (-2%) of the operators in the...

New Street Research

Venture Corporation Scheduled to Join STI on 5 January

Singapore Exchange Ltd (SGX)

STI's Strongest Stocks in 2017

Singapore Exchange Ltd (SGX)

Sector Leaders that Beat the STI in 2017

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore Telcos Struggle Ahead of TPG Entry. Mostly Weak Results

The Singapore telecom market has really struggled of late with investors underwhelmed by SingTel (ST SP) results but shocked by the Starhub (STH...

New Street Research

Singapore Telcos: 2018 Outlook. What a Difference a Threat (TPG) Makes.

The threat of a new telco entrant in Singapore has been a key factor in the relatively weak share price performance (-2%) of the operators in the...

New Street Research

Venture Corporation Scheduled to Join STI on 5 January

Singapore Exchange Ltd (SGX)

STI&#39;s Strongest Stocks in 2017

Singapore Exchange Ltd (SGX)

Sector Leaders that Beat the STI in 2017

Singapore Exchange Ltd (SGX)

STI's Strongest Stocks in 2017