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<Research>UBS Adds HKT-SS (06823.HK) TP to $12.5; 1H24 Div. in Line
Recommend 8 Positive 20 Negative 11 |
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In a recent report, UBS raised its target price on HKT-SS (06823.HK) from $12.1 to $12.5 and maintained its Buy rating. HKT's interim dividend was $32.92 cents per share stapled unit, up 2.7% YoY, in line with the broker's full-year forecast. The projected dividend yield at the current unit price reached 8.6%. The broker also pointed out that HKT's service revenue for 1H24 rose 2.9% YoY to $15.7 billion, while EBITDA elevated 2.6% YoY to $6.2 billion, both broadly in line with market consensus. Net profit inclined 1.9% YoY to $2 billion, 5% lower than the market's expectation, probably due to higher-than-expected interest expenses. AAStocks Financial News |
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