Refine by region/country
Latest articles in Communication Services
Equity Analysis / Thailand

Below estimates; lowered expectations for 2020 service revenue

IC) fell 7.6% YoY and 1.7% QoQ, due to the prolonged weak economy, the revenue loss from migrants and tourists and the consumer spending optimization.
Bualuang Securities Prasit Sujiravorakul
Prasit Sujiravorakul @ Bualuang Securities 19 October 2020
Flash Report / Global

Yandex and Tinkoff end merger negotiations

Tinkoff Group and Yandex have officially announced an end to negotiations on the potential acquisition. Implication for TCS (TCS LI, TP $28.3, E/W): In the near term, the stock will see weakness. Implication for YNDX (YNDX US, U/R): Neutral-to-negati...
Alfa Anna Kurbatova
Anna Kurbatova @ Alfa 16 October 2020
Flash Report - Equity / Kenya

Kenya: Covid measures boost mobile data, SMS and digital payments

The Communications Authority of Kenya has released its latest quarterly statistics. However, the Covid response measures in the period resulted in higher data and SMS consumption. We therefore retain our Hold recommendation on Safaricom. Total voice...
Tellimer Research Tracy Kivunyu
Tracy Kivunyu @ Tellimer Research 12 October 2020
Kenya: Covid measures boost mobile data, SMS and digital payments
Kenya: Covid measures boost mobile data, SMS and digital payments
Equity Analysis / Thailand

Better together!

JAS, MONO, and KT Corporation to launch 3BB TV. Three potential benefits for MONO of 3BB TV. Possibility of JAS buying MONO’s shares?
Bualuang Securities Napon Jaisan
Napon Jaisan @ Bualuang Securities 12 October 2020
Equity Analysis / Thailand

Marginal QoQ earnings rise expected for 3Q20

IC) bounced MoM in Jul, bolstered by huge pent-up demand for new SIM acquisition and top-up after the eased lockdowns starting mid-May. we model Bt32.46bn service revenue (excl. IC) in 3Q20, down 5.8% YoY but up 0.5% QoQ. The YoY drop is clear in the...
Bualuang Securities Prasit Sujiravorakul
Prasit Sujiravorakul @ Bualuang Securities 30 September 2020
Equity Analysis / Thailand

Super-cheap valuation; 2H20 recovery on-track

DTAC’s recent share price tumble was caused by the portfolio adjustment and sector rotation rather than the issue of slightly higher prepaid competition. Our BUY rating stands based on a 2H20 recovery and its cheapest valuation among peers (EV/EBITDA...
Bualuang Securities Prasit Sujiravorakul
Prasit Sujiravorakul @ Bualuang Securities 28 September 2020