Report
Alastair Jones

New Street: Taiwan telcos: How Covid-19 has impacted March results (upgrade FET and TWM to Neutral)

The Taiwan market has not been immune to Covid-19 developments, but it has appeared to manage the risks well, with no lockdown put in place. With the operators reporting monthly numbers (March has just been reported), we look at the impact a ‘minor’ Covid-19 impact has had in Taiwan which could be replicated in other markets.
Underlyings
Chunghwa Telecom Co. Ltd

Chunghwa Telecom is a telecommunications service provider. Co.'s principal services include domestic fixed communications services, including local and domestic long distance telephone services, broadband access services, Wi-Fi services, and other domestic services; mobile communications services, including mobile services, sales of mobile handsets, tablets, and other mobile services; internet services, including HiNet, internet value-added services, and other internet services; international fixed communications services, including international long distance telephone services, satellite services and other international services; and other services, including non-telecom services.

Far Eastone Telecommunications Co. Ltd.

Far Eastone Telecommunications provides wireless communications, leased-circuit services, Internet and international simple resale (ISR) services and also sells cellular phone units and accessories. Co. is engaged in the installation, maintenance, wholesale and import/export business for electronic and radio communications equipments and its components; the purchase, sale, installation, and maintenance of radio transceivers and receivers (limited to pagers); handling price quotations and tender applications on behalf of local or foreign companies with regard to the retail business; manufacturing business of wireless communications equipment; and other services business.

Taiwan Mobile Co. Ltd.

Taiwan Mobile Co., Ltd. is a Taiwan-based telecommunication service provider. The Company mainly provides mobile phone communications services, fixed-line communications services and network and cable television services. The Company provides personal mobile communication services, including voice telephone communication services, specialty code services, data value-added services, voice value-added services, message value-added services, message services and others; household communications services, including cable television, digital cable television, broadband Internet access business and channel operation, as well as corporate communications services, including voice, data, Internet, mobile communications, system integration services and others. In addition, The Company is involved in the provision of Internet shopping, television shopping and catalog shopping services. The Company mainly conducts its businesses within Taiwan.

Provider
New Street Research
New Street Research

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  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
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  • Asian Internet
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  • Global healthcare thematic research

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  • Pan European Telecom Services and Cable


Analysts
Alastair Jones

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