Movement Alert|HKT-SS Falls 3.04% in Regular Trading, Giving Back Post-Earnings Gains as Telecom Sector Weakens

Market Focus07-31

On July 31, HKT-SS fell 3.04% in regular trading, trading at HK$13.07/share, with turnover of HK$56.84 million. The stock essentially erased its 3.03% gain from the prior session, when it had rallied to HK$13.25 on interim results and a positive broker note.

On the news front, the company reported H1 total revenue of HK$18.685 billion, up 8% year-over-year, with profit attributable to unitholders rising 4% to HK$2.153 billion. Interim distribution was declared at HK$0.348 per unit. Morgan Stanley maintained its Overweight rating with a HK$14 target price, noting adjusted funds flow grew 3% and estimating a current dividend yield of approximately 6.6%. Despite the constructive outlook, profit-taking emerged following the initial post-results rally.

The broader Integrated Telecommunication Services sector traded weak, with China Unicom down 0.74%, China Telecom down 1.26%, China Tower down 0.80%, PCCW down 0.70%, and HKBN down 0.33%, adding sector-wide pressure.

(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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