South Korea s three mobile operators - SK Telecom, KT and LG Uplus - have released their latest operational data for the quarter ended March ----. This has enabled BMI to review and update, where appropriate, forecasts for all sectors in this report. ...Furthermore, mobile virtual network operators are on track to be introduced in H---, and we expect their entry to help lower tariff rates and capture niche and untapped markets. The Korea Communications Commission (KCC) has recognised the potential of near field communications and has roped in stakeholders - mobile operators, handset equipment manufacturers, financial institutions, billing service providers and government organisations - to form the Grand NFC Korea Alliance. We believe that this move to bring rivals onboard is largely to eliminate the issue of different technological standards that are not compatible, and to ensure the entire industry moves in the same direction while the market is still in its infancy. ...Meanwhile, we see disinflation taking hold in South Korea as headline consumer price inflation (CPI) eased to -.- y-o-y in May from -.- in April, the second straight month of deceleration. We expect inflationary pressures easing gradually in the coming months, which should translate to the KCC allaying pressure on South Korean mobile operators to reduce tariff rates.
Euromonitor International provides global strategic intelligence on industries, countries and consumers. Euromonitor publishes reports on over 180 sectors across 80 countries, using a network of over 600 analysts.
This quantitative analysis provides a fascinating glimpse into auditor tenure and financial officer turnover since the financial crisis of 2008. Over 18 pages of charts and tables measure the impact on the Russell 3000.
The gloomier outlook appears to reflect rising recession fears and low inflation expectations.
Nevertheless, the insatiable hunger for high yield (HY) continues, stoked by continued ultra-easy monetary policy. 27% of respondents voted HY their most favoured investment choice, down from 29% in the last quarter, but still clearly ahead of runners-up emerging-market (EM) corporates and banks. Investors expect the appetite for yield to be met by willing issuers in the HY and EM corporate segments; the only sectors which a majority of investors believe will see increasing issuance in the next 12 months. The HY issuance boom has been supported by historically low default rates.
Fitch conducted the Q213 survey between 3 April and 7 May. It represents the views of managers of an estimated EUR8.6trn of fixed-income assets. The full survey report is available here.