Actually, the two issues highlighted in todays downgrade (PSTN and moblie market) were specifically addressed by SSB in their paper of 12 Aug -
† Fixed to Mobile substitution is really starting to bite - PSTN declines (80% margin) are not being completely offset by solid mobile growth (45% margin).
† We have lowered our FY06e, FY07e and FY08e forecasts by 9.5%, 13% and 11%. Our forecasts now assume: (i) PSTN revenues decline by 7.5% in FY06e and 5.4% in FY07e; (ii) higher mobile costs ($200m pa); and (ii) higher opex and capex from IP migration ($600m over two years).
Actually, the two issues highlighted in todays downgrade (PSTN...
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Last
$3.90 |
Change
0.010(0.26%) |
Mkt cap ! $45.06B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.90 | $3.86 | $47.13M | 12.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 85316 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 383741 | 58 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |