New Street Research - HKT (6823) ... New Street: PCCW Global sale seems unlikely in the current environment

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New Street Research

Alastair Jones

New Street: PCCW Global sale seems unlikely in the current environment

Press reports suggest HKT is looking to sell its stake in PCCW Global, an international gateway communications, with a rumoured valuation of US$1bn.

03/06/2020 2 EN

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HKT

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PCCW

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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.

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Alastair Jones

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New Street: PCCW Global sale seems unlikely in the current environment

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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