SingTel Investor Day: Riding the Digital Wave Despite Challenges in Associates.

Singtel's Weak 3Q18 Results but Dividend Looks Sustainable and Long Term Upside from Associates

Singtel 1Q20 Result Shows Tough Trends but Guidance Retained. Needs a 2H Recovery.

Singapore Telcos Struggle Ahead of TPG Entry. Mostly Weak Results

Starhub's Mobile & PayTV Businesses Struggling. Gains from Enterprise Services the Bright Spot.

M1 Shows Positive Service Revenue Trends Ahead of TPG's Entry.

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

<p><a href="https://www.smartkarma.com/entities/20" target="_blank" data-smartkarma-citation="entities:20:1">Singtel (ST SP)</a> recently reported FY March 18 results which on balance somewhat disappointing. There were misses in both the Consumer and Enterprise divisions, although within these, Optus numbers in Australia were quite encouraging. Singapore mobile service revenues fell 5.7% YoY, more steeply than expected ahead of <a href="https://www.smartkarma.com/entities/323" target="_blank" data-smartkarma-citation="entities:323:1">TPG's (TPM AU)</a> arrival. In Australia, Optus saw good mobile subscriber gains although ARPU pressure hurt revenue growth. Singtel's Group Digital Life (GDL) finally achieved EBITDA…</p>

Singtel (ST SP) recently reported FY March 18 results which on balance somewhat disappointing. There were misses in both the Consumer and Enterprise divisions, although within these, Optus numbers in Australia were quite encouraging. Singapore mobile service revenues fell 5.7% YoY, more steeply than expected ahead of TPG's (TPM AU) arrival. In Australia, Optus saw good mobile subscriber gains although ARPU pressure hurt revenue growth. Singtel's Group Digital Life (GDL) finally achieved EBITDA…

Singtel: Weakness in Singapore Offset by Strength in Australia.