New Street: Chinese telcos: 2020 Outlook, 5G dominates, pressurising telcos, creating upside for China Tower
5G is likely the dominant theme in China in 2020 pressurising telco capex & opex, but representing upside for China Tower. Despite share price weakness we think we are still some way from the bottom for the telcos, and China Unicom is our top short for 2020. By contrast, China Tower benefits from 5G, is cheap and has improving fundamentals.
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
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