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UBS Group: Most bullish on Hong Kong Telecommunications stocks, preferring PCCW (00008) over hkbn (01310)
UBS group believes that the low interest rate environment is beneficial to the fundamentals of the telecommunications industry, can reduce the debt burden of enterprises, drive inflow of funds into risk assets, and is more likely to lead to revaluation due to pressure on dividend yields.
HKBN (01310) rose more than 5% during trading hours. UBS is bullish on the dividend prospects of Hong Kong's telecommunications industry and has raised the company's rating and target price.
hkbn (01310) rose more than 5% in mid-session, as of press time, rose 3.94%, reported HK$2.64, with a turnover of 5.4327 million HK dollars.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The notice is based on the development pace of the mobile internet of things industry and the current status of mobile internet of things applications in various industries, and clarifies the development goal of the mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, which is the category 1 rate type of 4G network) and 5G (including NB-IoT, narrowband internet of things).
htsc: How should telecommunications operators layout new productive forces?
The development of new industries such as low-altitude economy, vehicle-road cloud, satellite internet, and AI smart computing relies on the upgrade of underlying communication and digital infrastructure. As the national team for digital infrastructure, operators naturally undertake the mission of being the chain leader of the industry chain and serving national strategic needs.
HSBC: Lowers target price of HK Telecom-SS (06823) to HK$10, reiterates "shareholding" rating and maintains a cautious view on other industry operators.
According to Daiwa Securities, in the first half of 2024, Hong Kong Telecommunications' mobile data business revenue is expected to increase by 3% year-on-year, while Smartone Tele's revenue is expected to decline by 3% year-on-year, and Hutchtel HK is expected to decline by 6% year-on-year.
HKBN: Supplemental Announcement in Relation to the Annual Report for the Year Ended 31 August 2023
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