[ET Net News Agency, 5 June 2020] HSBC Global Research lowered its target price for
Hutchison Telecommunications HK (00215) to HK$1.42 from HK$1.51 on lower roaming benefits
and maintained its "hold" rating.
The research house trimmed its HutchTel revenue and EBITDA forecasts to reflect a weaker
roaming outlook. HSBC raised its net income forecast due to a revised net interest
calculation, reflecting the strong cash position at Hutch HK from the HGC sale, despite
reductions due to special dividends. (KL)