[ET Net News Agency, 14 August 2017] HSBC Global Research lowered its target price for
PCCW (00008) to HK$5.3 from HK$5.5, and mainatined its "buy" rating.
The research house sees the investment by Hony, Foxconn and Temasek as a clear positive.
All three entities have considerable experience in media and technology, in markets that
are relevant to PCCW's OTT (Over the Top) media expansion. PCCW will benefit from board
level input from all three.
But HSBC cut its 2017/18 sales and EBITDA forecasts by 4% and 2% reflecting a lower
handset revenue forecast at HKT Trust and weaker profitability at Now TV than it expected,
due to heavy competition. (KL)
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00008 PCCW
Nominal 
3.880 -0.010 (-0.257%) Others
14/08/2017 15:45
[I-bank focus]HSBC lowers PCCW (00008) to HK$5.3
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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