New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Chris Hoare
  • Chris Hoare

Tower Bersama (Buy) – Q4 22: Slower quarter

Tower Bersama has reported a slower set of Q4 results as expected.

Chris Hoare
  • Chris Hoare

Airtel Africa (Buy) - Feedback from small group call

We hosted a generally bullish call with the CEO of Airtel Africa. AAF is confident that it has a long runway to continue to grow at double digit rates, which despite macro challenges we do not think is priced currently.

Jin Yoon
  • Jin Yoon

VIPS 1Q23 Preview - Outlook Remains Intact

What’s New: We maintain our 1Q23 top and bottom-line estimates as recovery in the apparel category remains on track. In this note, we highlight latest updates including business and margin outlook. Analysts: Jin Yoon

Jin Yoon
  • Jin Yoon

Kuaishou 4Q22 Results - Robust Outlook for FY23

What's new: Kuaishou’s reported 4Q22 results that were above consensus and our expectations driven by OMS and live streaming. User traffic could remain at a healthy level in 1Q while mid-term target of reaching 400mn DAUs remains intact. We maintain our PT at HKD 95. Analysts: Jin Yoon

Pierre FerraguÊ
  • Pierre FerraguÊ

Intel DCAI webinar: our 3 takeaways.

We attended Intel’s DCAI webinar yesterday, during which the company provided an update on its datacenter and A.I. products roadmap and growth strategy.

US Cable M&A Update: CHTR / TWC Deal Spread Presents Compelling Opport...

​Investors are still concerned that the CHTR / TWC transaction could be blocked, as evidenced by a deal spread of 9%. The market appears to be giving the deal 50% odds of being approved. We think the market is way off the mark; this deal has high odds of approval.

Ben Rickett ... (+3)
  • Ben Rickett
  • Russell Waller
  • Shavar Halberstadt

New Street: W. Europe Mobile Tariff Tracker Nov 2019: Widespread disco...

The average package price growth in Europe remained steady at +1.9% YoY (from +2.4% YoY in October). Widespread discounting in the UK following Black Friday was offset by higher prices in Spain, Portugal and Austria.

Ben Rickett ... (+3)
  • Ben Rickett
  • Russell Waller
  • Shavar Halberstadt

New Street: W. Europe Mobile Tariff Tracker Nov 2019: Widespread disco...

The average package price growth in Europe remained steady at +1.9% YoY (from +2.4% YoY in October). Widespread discounting in the UK following Black Friday was offset by higher prices in Spain, Portugal and Austria.

Iain Johnston
  • Iain Johnston

China Internet Daily (28 August 2018)

Tencent's Wealth Management Platform Licaitong Adds Five New Money Market Funds.

Dominic Rose ... (+2)
  • Dominic Rose
  • Naresh Chouhan

Global CDMOs - Impact of Alzheimer's Windfall

Our unique coverage of the biggest CDMO’s allows us to quantify the financial impact on the industry of a potential Alzheimer’s windfall from Biogen’s aducanumab. As the FDA filing draws closer, Biogen are likely to be involved in intense negotiations to find alternative sources of supply. Our highly detailed analysis shows how much aducanumab will need to be produced, who the winners are likely to be, the revenue uplift they may enjoy and the NPV uplift to each player. Lonza & Samsung Bio...

James Ratzer ... (+2)
  • James Ratzer
  • Pierre FerraguÊ

EU Telecoms Sector Upgrade: Time to give the sector a fresh look – V...

European telecoms sector looks attractive – the past is not always a guide for the future: Investors and analysts have been browbeaten with generally poor trends in the European telecoms sector for many years.

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