BUZZ-HK's telecom group PCCW hits 12-week low after posting FY loss

Reuters02-26

** Shares of telecommunications and technology group PCCW Ltd drop as much as 6.2% to HK$3.91, their lowest since Dec. 5

** Stock on track for the biggest one-day pct drop since May 2022 if losses hold; biggest pct loser in Hang Seng Composite Index on telecommunication stocks

** PCCW says its 2023 net loss amounting to HK$471 mln ($60.2 mln) as compared to HK$158 mln profit in 2022, with revenue up 1% to HK$36.3 bln

** Hang Seng Composite Index on telecommunication stocks

falls 1.4%, while both Hang Seng Composite Index

and Hang Seng Index slip 0.6%

** Stock down 4.6% YTD

($1 = 7.8247 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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