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01310 HKBN
RTNominal down2.420 -0.030 (-1.224%)
Research Report

06/11/2023 14:07

{I-bank focus}HSBC lowers HKBN (01310) to HKD4.9

[ET Net News Agency, 6 November 2023] HSBC Global Research lowered its target price for
HKBN (01310) to HKD4.9 from HKD5.4 and maintained its "buy" rating.
The research house said it raises revenue estimates for FY24e and FY25e slightly, noting
that product revenues are volatile (but with less impact on profit).
It cuts EBITDA estimate for FY24e by 5%, reflecting the higher network costs than it had
expected in the 2H FY23 results. (RC)

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