HKBN Delivers Strong Profit Growth in 1H18. More to Come.

HKT Benefits from Price Increases and Offers Strong Dividend Support.

TRADE IDEA - PCCW (8 HK) Stub: The Li Legacy Lives On

HKT Has a Major Advantage as the Only Integrated Telco Left in HK. It Is Well Positioned for 5G.

Smartone's FY17 Results Show Impact of Increased Competition (HKBN?). Vulnerable to a 5G World.

HKT's Strong 2H16 Results Helped by CSL Synergies. PCCW an Attractive Entry into HKT?

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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>In 2017 the Hong Kong telecom market has been hurt by the specter of pricing competition in both fixed and mobile. <a href="https://www.smartkarma.com/entities/289" target="_blank" data-smartkarma-citation="entities:289:1">HKBN (1310 HK)</a> and <a href="https://www.smartkarma.com/entities/874" target="_blank" data-smartkarma-citation="entities:874:1">HKT (6823 HK)</a> traded blows in the broadband/ fixed arena, with competition spilling over into mobile. However, the market exited 2017 on a more positive note, with HKBN having stepped back from fierce price competition in fixed, looking to monetize the higher subscriber base and reporting growth of +12% and +16% YoY in Ebitda and Adjusted FCF respectively in 2H…</p>

In 2017 the Hong Kong telecom market has been hurt by the specter of pricing competition in both fixed and mobile. HKBN (1310 HK) and HKT (6823 HK) traded blows in the broadband/ fixed arena, with competition spilling over into mobile. However, the market exited 2017 on a more positive note, with HKBN having stepped back from fierce price competition in fixed, looking to monetize the higher subscriber base and reporting growth of +12% and +16% YoY in Ebitda and Adjusted FCF respectively in 2H…

Hutchison Telecommunications Hong Kong Holdings (215 HK)

Hutchison Telecommunications Hong Kong Holdings

Hong Kong Telcos Outlook: Look to a Recovery in Cashflow in 2018

HKT Ltd

Hong Kong Telcos Outlook: Look to a Recovery in Cashflow in 2018