Saudi Telecom is a telecommunications services company based in Saudi Arabia. Co.'s activities comprise the provision of a variety of telecommunications services which include mobile (2G and 3G), fixed local national and international telephone services, telex, telegraph and data services such as data transmission, leased lines, internet services and e-commerce. Co.'s main operating segments comprise: GSM, for which the main services are: mobile, third generation services, prepaid cards, international roaming and messages; PSTN, main services are: fixed line, card telephones, interconnect and international calls; DATA, main services are: leased data transmission circuits, DSL and internet.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
Tough regulations cloud telecoms market. Over the past 2-3 quarters, the CITC took measures, which clouded the sector in 1Q18 and should continue to in 2018, including: i) banning automatic renewal for bundles, as of Jan 2018, limiting revenue from out-of-bundle, ii) implementing a 5% VAT, starting Jan 2018, that should result in lower usage, iii) cutting MTR rates by 45% in Dec 2017, pressuring interconnection revenue, and iv) lifting the ban on VoIP services, as of end of 3Q17, decreasing revenue from international voice. To soften these headwinds, MNOs, namely, Zain KSA and Mobily, increase...
STC recorded a decrease by 1.6% in its Q2 2017 revenues at SAR13.202bn, taking H1 2017 revenues to SAR26.032bn, down 2.3%, yoy, due to weakened domestic and international performance (vs. a slight increase by 1.1% planned for the whole year). Indeed, STC KSA and Sale Co. witnessed decreasing H1 2017 revenues (-4.9%) at SAR23.354bn. Similarly, revenues coming from Viva Kuwait, Viva Bahrain, Intigral, Bravo and STC Solutions were cut by 4.2% at SAR3.899bn.
In 2016, STC recorded a slight 2.4% increase in revenues at SAR51.845bn. While STC’s domestic operations witnessed increasing revenues (+2.4%), controlled international subsidiaries (mainly Bahrain and Kuwait) witnessed stable revenues (+0.3%). Domestically, STC continues with the deployment of its 4G network in all the districts of the country, and of the fiber optic network in the country to serve the business sector. In addition, Q4 2016 bundled services customer base increased 19%, yoy, domestically.
The general evaluation of SPIRIT AIRLINES INCO. (US), a company active in the Airlines industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date July 16, 2019, the closing price was USD 51.42 and its potential was estimated at USD 58.77.
CHARLES SCHWAB CORP. (US), a company active in the Investment Services industry, improves its market behaviour and slightly increases its general evaluation. The independent financial analyst theScreener just upgraded the stock market behaviour as moderately risky. At a fundamental level, theScreener confirms 1 out of 4 possible stars; the general evaluation is slightly increased to Neutral but the title remains under pressure. As of the analysis date July 16, 2019, the closing price was USD 41.63 and its target price was estimated at USD 35.92.
The independent financial analyst theScreener just lowered the general evaluation of SAREPTA THERP.INCO. (US), active in the Pharmaceuticals industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date July 16, 2019, the closing price was USD 153.25 and its target price was estimated at USD 95.95.
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