Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00215 HUTCHTEL HK
RTNominal unchange1.340 0.000 (0.000%)
Others

01/08/2019 17:40

{I-bank focus}HSBC cuts Hutchison Telecom (00215) to HK$2.08

[ET Net News Agency, 1 August 2019] HSBC Global Research lowered its target price for
Hutchison Telecom (00215) to HK$2.08 from HK$2.12 and maintained its "hold" rating.
The research house said Hutch's results suggest a tough market in the first half.
Service revenues fell 3%, despite a 17% increase in roaming revenues, as Hutch tariffs to
Europe and Asia continue to see high demand from consumers. The popularity of the roaming
packages is likely a factor in the reduction in the postpaid churn rate to 1.1% from 1.4%
in 2H 2018.
The service revenue decline suggests the aggressive prices offered by China Mobile
(00941) are having an effect - HSBC sees no indication that pricing dynamics will improve.
Hutch continues to cut costs (particularly in distribution) to help offset the impact on
margins.
HSBC reduced its 2019/20 revenue estimates by 25%/29% to reflect this. But it raises its
2019/20 EBITDA estimates by 34%/21% to reflect the IFRS-16 driven change in lease
accounting. (KL)

Remark: Real time quote last updated: 08/04/2020 13:27
  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 2020 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.