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.

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...

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...

JAS, MONO, and KT Corporation to launch 3BB TV. Three potential benefits for MONO of 3BB TV. Possibility of JAS buying MONO’s shares?

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...

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...