New Street Research - HKT (6823) New Street: HKT: H120 - Capex delays to defend dividend

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New Street Research

Alastair Jones

New Street: HKT: H120 - Capex delays to defend dividend

HKT has reported H120 results which unsurprisingly show the pressure the Hong Kong industry is facing with revenue trends deteriorating as roaming takes a hit in the current environment.

05/08/2020 2 EN

Underlying

HKT

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
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Pan European Telecom Services and Cable

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Alastair Jones

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New Street: HKT: H120 - Capex delays to defend dividend

Monthly LMI Update Independent Investment Research

New Street: HKT (Neutral, TP: HK$13.7, +27%) H121: Solid underlying trends, but catalysts remain limited

New Street: HKT: H220 - Navigating the storm

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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