Movement Alert|HKT-SS Rises 3.03% in Regular Trading, H1 Earnings Beat Supported by Morgan Stanley Overweight Rating

Market Focus07-30

On July 30, HKT-SS rose 3.03% in regular trading, reaching HK$13.25 with turnover of HK$204 million.

On the news front, the company reported H1 results on July 29 showing total revenue of HK$18.685 billion, up 8% year-over-year, while attributable profit rose 4% to HK$2.153 billion. Diluted EPS increased to HK$0.2840 from HK$0.2732. The board declared an interim dividend of HK$0.348 per share, payable September 3.

On the same day, Morgan Stanley issued a research note maintaining its Overweight rating with a target price of HK$14. The bank noted that H1 adjusted funds flow grew 3% year-over-year in line with expectations, and highlighted that the company's asset-light AI strategy limits concerns over cash flow and capital expenditure. Morgan Stanley further stated that additional cost savings should support cash flow growth next year, estimating a current dividend yield of 6.6%, making the valuation attractive based on solid execution and AI optionality.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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