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

Thematic (Sector/Industry)

China’s online entertainment market continues to evolve. There is a greater focus on complex mobile game play whilst the introduction of innovative video formats (live broadcasting, short-form video) further drives  engagement and monetization. <a href="https://www.smartkarma.com/entities/26" target="_blank" data-smartkarma-citation="entities:26:1">Tencent (700 HK)</a> remains the unrivaled mobile traffic gateway in China with 48% of user time spent and five of the top ten mobile apps, underscoring our positive thesis on the company. WeChat monthly active users now over 900m! <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/035/246/original/we%20chat%20monthly%20users.jpg?1507531949" class="editor-image img-responsive" data-smartkarma-image-id="35246"></figure>

China’s online entertainment market continues to evolve. There is a greater focus on complex mobile game play whilst the introduction of innovative video formats (live broadcasting, short-form video) further drives  engagement and monetization. Tencent (700 HK) remains the unrivaled mobile traffic gateway in China with 48% of user time spent and five of the top ten mobile apps, underscoring our positive thesis on the company. WeChat monthly active users now over 900m! 

China Internet: Strong Trends in Online Entertainment Show Tencent's Dominance.

Equity Bottom-Up

The Chinese mobile game market is shifting towards hard-core genres. This is positive for revenue growth at both <a href="https://www.smartkarma.com/entities/26" target="_blank" data-smartkarma-citation="entities:26:1">Tencent</a> and <a href="https://www.smartkarma.com/entities/17203" target="_blank" data-smartkarma-citation="entities:17203:1">Netease</a> and may also raise barriers to competition. In recent quarters the two have expanded their  revenue share - they should account for 77% of sector sales this year.We are strong believers in the potential of mobile game monetization with Tencent and NetEase at the forefront of shifts. We are positive on the fundamentals for both companies and have modestly raised our…

The Chinese mobile game market is shifting towards hard-core genres. This is positive for revenue growth at both Tencent and Netease and may also raise barriers to competition. In recent quarters the two have expanded their  revenue share - they should account for 77% of sector sales this year.We are strong believers in the potential of mobile game monetization with Tencent and NetEase at the forefront of shifts. We are positive on the fundamentals for both companies and have modestly raised our…

China Online Games: Tencent and NetEase Increasingly Dominant.

China

Changyou.com Ltd. develops online computer games.  The Company licenses its massively multi-player online role playing games.

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Changyou.com (CYOU US)

China Internet: Strong Trends in Online Entertainment Show Tencent's Dominance.

China’s online entertainment market continues to evolve. There is a greater focus on complex mobile game play whilst the introduction of innovative...

New Street Research

China Online Games: Tencent and NetEase Increasingly Dominant.

The Chinese mobile game market is shifting towards hard-core genres. This is positive for revenue growth at both Tencent and Netease and may also...

New Street Research

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