New Street: Chinese Telcos: Why is 5G driving margin pressure in China and not elsewhere?
Our core bear thesis on Chinese telcos is that 5G is driving a modest revenue uptick, but substantial opex growth and as a result, margins and therefore earnings are set to disappoint.
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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