Research

Singtel: Under Transformation – what will it look like when the transformation is over? Pt to S$ 5.5 from S$ 4.6, Buy

Tesla Cybercab Launch: Our initial take

Micron: the Street gets HBM, but misses the broader rebound and capacity squeeze.

Tesla 2Q25 preview: another miss on units and weak margins, while robotaxi launches

Rethinking BEAD 2.0 as States Rethink Their Options

CPNG: 2Q25 Preview - Estimates Remain Intact

Swiss meeting notes: Attractive relative yields and seemingly improving market conditions

Eutelsat: Model update – increase target price to €1.2/ share

US Internet: The most important announcements from Cannes (META, AMZN, TTD, PINS, RDDT, GOOGL, SNAP)

Global Telecoms Multiples 2025-06-20

Mobile and broadband pair trades to consider this summer

Updates on VZ in CA and Upcoming SCOTUS Decision on USF

French ARPU: New pre-pay plans and thoughts following call with ex SFR B2C Chief sales officer

Eutelsat: French bail out agreed, but guidance falls short

Liquid Intelligent Technologies (High Yield) – Q4 25: Decent quarter, still making progress on the second equity tranche and asset sale; call feedback included

Eutelsat: French army provides some reinforcement

OTE: Downgrade to Neutral following PPC entering the fixed retail market with aggressive pricing

Chinese Telcos – Q1 25 review: Better profitability despite slower topline

CHTR Quick Hit: Insights from preliminary proxy

AMZN/TTD Part II: CTV footprint in focus; AI ad tool updates overlooked