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- Feedback from Meetings with the Japanese Telcos plus Rakuten in Tokyo by New Street Research
- Brazilian Telcos (TIM/Vivo - Buys): Pricing / Cash returns offset Tax unknowns; Outlook into Q3 by New Street Research
- Nubank (NU) - Cut to Neutral: Caps, Credit conditions and limited near-term Catalysts by New Street Research
- Telefonica (Buy, €4.4, +16%) BULLISH ahead of the CMD by New Street Research
- Digi: Is it about to bite off more than it can chew? Can it afford to launch as an MNO in three countries simultaneously? by New Street Research
- Telecom Italia (Buy, €0.40, +43%) Upgrade to BUY - NetCo binding offer received by New Street Research
- AI Speaker Series Recap: Sifting through the noise - AI unlocks for Ads, eComm, and Consumer Experiences by New Street Research
- Tele2 (Neutral, TP: SEK110, +29%) Q2 23: Solid results, better EBITDAaL trends, but EBITDAaL growth ex energy is unchanged by New Street Research
- AMX (Buy, TP: $24, +40%) AMX Q3s - Broadly solid Q3, Buy back accelerating by New Street Research
- China Tower (Buy, TP: HKD 1.7, +136%) Q3 23 Quick Take: Better overall; robust bottom line again by New Street Research
- Altice International Portugal valuation update by New Street Research
- Orange (Buy, TP: €14.0, +30%) Q3 23: Good delivery, EBITDA growth >3% ex FX and energy by New Street Research
- DLO US (Neutral, TP: $18.0, -1%) dLocal - Sequential slowdown, Pedro's spending in focus: Q3 outlook by New Street Research
- WLN (Buy, TP: EUR36, under review) Worldline - weak Q3s and outlook: Stock discounting (heavily) negative FCF growth by New Street Research
- by New Street Research
- Millicom Q3s (Neutral, TP: $18, +20%) : The Iliad Way by New Street Research
- AMX (Buy, TP: $24, +43%) MEGA (Neutral, TP: MXN43, +21%) TV (Neutral, TP: $4.2, +80%) Mexican fixed Q3 round up - Tough for Televisa, de-leverage at Totalplay, accelerating top line at MEGA by New Street Research
- The Weekend Wrap: Chrome tests new IP address protections, META’s Instagram expands Reminder ads, MTCH’s Tinder adds match-making feature, YELP rolls out AI upgrades, and TikTok tests 15-minute video by New Street Research
- MTN (Buy, TP: ZAR200, +108%) MTN Nigeria – Q3 23: Solid top line and KPIs but tougher EBITDA and bottom line by New Street Research
- No Halloween nightmare from rising bond yields Impact should be modest and long-dated by New Street Research
- Protelindo (Buy, TP: IDR 1,900, +113%) Q3 23 Quick Take: Good traction in FTTT by New Street Research
- Liberty Global (Buy, $29, +87%) Q3 23 - A teasing outlook for Q4 both financially and strategically by New Street Research
- Liberty Global (Buy, $29, +87%) Q3 23 - A teasing outlook for Q4 - both financially and strategically by New Street Research
- Bharti Airtel (Buy, TP: INR1,400, +53%) Q2 FY24: Thoughts after the call by New Street Research
- MercadoLibre (Buy, TP: $1,650, +30%) Q3s - Top line acceleration drives rising margins & significant profitability beat by New Street Research
- Feedback from Meetings with AIS and True in Thailand by New Street Research
- EU Towers Review Part 2 CELLNEX/ INWIT - Trying to make sense of the sell-off by New Street Research
- Indonesia Telcos & Towers – Feedback from Meetings in Jakarta by New Street Research
- VEON (Buy, TP: US$ 35/ADR, +90%) Veon Initiation – Well positioned across multiple positive themes, Buy PT US$35/ADR by New Street Research
- WISE (Neutral, TP: £7.25, -3%) H1 24 - Strong; significant EBITDA unwind to reach >20% margin outlook by New Street Research
- Rakuten (Reduce, TP: ¥400 from ¥440, -29%) Pivot to almost zero capex by New Street Research
- PAGS US (Buy, TP: $14, +75%) STNE US (Neutral, TP: $16, +60%) NU US (Neutral, TP: $8.1, +10%) Revolving Credit / Rates / Central Bank update: NU and PayCos (PAGS/STNE/MELI) by New Street Research
- NEXI (Neutral, TP: EUR7.6, +15%) WLN (Buy, TP: EUR36, +45%) EURO PAYMENTS - CVC rumoured bid interest in Nexi; BUY Worldline by New Street Research
- Telia (Buy, TP: SEK39, +61%) Q3 23: 4% Telco EBITDA beat, EBITDA and OFCF guidance lifted by New Street Research
- Elisa (Neutral, TP: €53, +24%) Q3 23: Miss vs consensus, B2B EBITDA a concern by New Street Research
- SingTel (Buy, TP: SGD 4.4, +88%) Bharti proxy means EPS to double in 5 years. Buy, price target S$ 4.4 by New Street Research
- Rakuten (Reduce, TP: ¥400, -30%) 700 MHz band allocation. Our thoughts. by New Street Research
- The biggest decision you haven't heard of by New Street Research
- Telenor (Buy, TP: NOK140, +21%) Q3 23: Another beat vs consensus and good underlying EBITDA growth by New Street Research
- META, AMZN, GOOG, NFLX: Top Takes from Tinuiti’s 3Q23 Ad Report into META and AMZN prints by New Street Research
- Proximus (Neutral, TP: €9.0, +12%) Q3 23: Good numbers and guidance upgrade (but no change to tough long-term story) by New Street Research
- Reliance Industries Ltd (Buy, TP: 3,270, +44%) Q2 24 Quick Take: A better quarter; Jio, Retail still solid by New Street Research
- Airtel Africa (Buy, TP: 210p, +77%) Q2 24: Solid quarter, positive message on margins by New Street Research
- Mitratel (Buy, TP: IDR 1,135, +83%) Q3 23 Quick Take: Acceleration in topline by New Street Research
- TRUE Corp (Buy, TP: THB 9.1, +53%) Potential hiccup to merger with relevance for Telenor by New Street Research
- Vodafone (Buy, 150p, +97%) Spanish sale announced - our quick take by New Street Research
- MTN (Buy, TP: ZAR200, +119%) MTN Ghana – Q3 23: A solid quarter by New Street Research
- VirginMediaO2 Deeper dive on the Q3 results by New Street Research
- Vivo (Buy, TP: BRL61, +30%) Vivo Q3 23 – Solid quarter, strong FCF paves way for bumper cash return by New Street Research
- ADYEN (Neutral, TP: EUR830, +25%) Adyen - Key Questions ahead of SF Investor Day; TP cut to EUR830 by New Street Research