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

LeTV was recently declared the surprise winner of HK EPL rights. They are set to become a disruptive force in the pay TV industry. We look at the potential impact and see further upside for HKBN as it can now offer football and additional services via LeTV. HKT (and PCCW) are well placed to withstand churn and we see limited risk to Ebitda as they retain sports programming while lower opex should offset subscriber loss. &nbsp;

LeTV was recently declared the surprise winner of HK EPL rights. They are set to become a disruptive force in the pay TV industry. We look at the potential impact and see further upside for HKBN as it can now offer football and additional services via LeTV. HKT (and PCCW) are well placed to withstand churn and we see limited risk to Ebitda as they retain sports programming while lower opex should offset subscriber loss. &nbsp;

LeTV set to challenge pay TV industry in HK with its EPL rights

Global Special Situations

Charles Nave

Event-Driven

PCCW's stake in HKT Trust equates to approximately 145% of its market cap, with the parent - over the last two years - returning&nbsp;a yield 7.5% lower than it's subsidiary. &nbsp;In the past month this yield gap has narrowed substantially and is now close to zero.Coupled with continued strength in the parent's 100% owned PCCW Services, highlights quite a strong case around setting up the stub.

PCCW's stake in HKT Trust equates to approximately 145% of its market cap, with the parent - over the last two years - returning&nbsp;a yield 7.5% lower than it's subsidiary. &nbsp;In the past month this yield gap has narrowed substantially and is now close to zero.Coupled with continued strength in the parent's 100% owned PCCW Services, highlights quite a strong case around setting up the stub.

PCCW (8 HK):  PCCW Services Underpins Strong Case to Setup Stub

Hong Kong

HKT is Hong Kong's premier telecommunications service provider and a leading innovator, offering fixed-line, mobile, broadband internet, and media entertainment services. The company also provides enterprise solutions, digital ventures, and other services such as its loyalty program, financial services, and health technology. HKT was incorporated in 2011 and is headquartered in Quarry Bay, Hong Kong, with its origins tracing back to the Hong Kong Telephone Company Limited established in 1925.

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HKT (6823 HK)

LeTV set to challenge pay TV industry in HK with its EPL rights

LeTV was recently declared the surprise winner of HK EPL rights. They are set to become a disruptive force in the pay TV industry. We look at the...

New Street Research

PCCW (8 HK): PCCW Services Underpins Strong Case to Setup Stub

PCCW's stake in HKT Trust equates to approximately 145% of its market cap, with the parent - over the last two years - returning a yield 7.5% lower...

Charles Nave

Price Gauge

52-week Range

Market Cap (USDm)

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