Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal unchange1.340 0.000 (0.000%)

26/07/2019 16:52

{I-bank focus}Morgan downgrades HutchTel HK (00215) to HK$2

[ET Net News Agency, 26 July 2019] Morgan Stanley cut its target price for Hutchison
Telecommunications HK (HutchTel)(00215) to HK$2 from HK$3.5 mainly reflecting the special
dividend distribution (HK$0.8 per share) and lower earnings forecasts. It also downgraded
its rating from "overweight" to "equal-weight".
The research house factored in HutchTel's acquisition of a minority stake in its mobile
arm. It lowered its 5G spectrum cost assumption from HK$1.5bn to HK$800mn to reflect the
very low reserve prices from the regulator. The lower revenue and rising spectrum
amortization, along with declining interest income after distributing the special
dividend, translate to big reductions in its outer-year earnings forecasts.
Morgan lowered its perpetual growth rate for the mobile business from 2% to 1%,
reflecting the long-term difficulty for mobile operators in monetizing data traffic and
the risk of roaming revenue removal. (KL)

Remark: Real time quote last updated: 26/02/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.