Research

Megacable - Q4 24: Decent quarter, solid KPIs

Spectrum Supply & Demand (Call Slides)

Global Telecoms Multiples 2025-02-21

Bharti Airtel to buy 5% of Airtel Africa in the next 5 weeks. Squeeze incoming? Very brief thoughts below.

Frontier Post-4Q24 Model Update

# SLIDES # NSR GEM Top-10 update

Televisa Q4 24: Solid FCF but weak fundamentals/KPIs

VIPS: 4Q24 Flash - Better than Expected Guidance

Besi 4Q24: push-out in mainstream; hybrid bonding adoption broadening. Long-term thesis intact. Buy, €160.

IQ: Convertible Senior Note Offering - Our Take

BILI: 4Q24 Results - San Mou to Remain Stable in 1Q

NTES: 4Q24 Results - Gaming Could Remain Resilient in 1Q

BABA: FY3Q25 Results - Capex to Meaningfully Increase Over the Next Three Years

FYBR 4Q24 Quick Take: Strong financial results; adds a little soft

Asia Feb - Mar 25 Pre Trip Notes

BCE/Ziply: Will There Be Another Trump Transaction Tax?

LAM Research 2025 CMD - what did we learn?

Liberty Latin America – Call Feedback/ M&A commentary

Besi 4Q24: push-out in mainstream; hybrid bonding adoption broadening. Long-term thesis intact.

TRUE – Q4 24 Quick Take: Strong 2024 and upgraded medium-term guidance