PCCW Aims for Deleveraging with Dividend Policy Shift, S&P Says

MT Newswires Live2024-08-01

PCCW (HKG:0008) could be aiming to deleverage given changes in its payout policy, although its immediate impact is seen as modest, S&P Global Ratings said in a note published on Tuesday.

The telco did not raise its final 2023 and interim 2024 dividends to shareholders despite an increase in subsidiary Hong Kong Telecommunications' payout for the periods, saying that it "will adopt a prudent dividend policy" as it looks to boost its financial base.

S&P said a greater shift in the telco's dividend policy, a more robust media segment, and increased divestments could further support its leverage.

The company saw slightly higher cash outflows in the interim period due to working capital constraints and a weak media business, although S&P said it sees some recovery in H2 due to payouts from the project-based solutions unit.

Price (HKD): $4.12, Change: $+0.07, Percent Change: +1.73%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2456848560?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-01 19:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2456848560","market":"fut","top_or_hot":-1,"title":"PCCW Aims for Deleveraging with Dividend Policy Shift, S&P Says","media":"MT Newswires Live","content":"<html><body><p> PCCW (HKG:0008) could be aiming to deleverage given changes in its payout policy, although its immediate impact is seen as modest, S&amp;P Global Ratings said in a note published on Tuesday.</p><p>The telco did not raise its final 2023 and interim 2024 dividends to shareholders despite an increase in subsidiary Hong Kong Telecommunications' payout for the periods, saying that it \"will adopt a prudent dividend policy\" as it looks to boost its financial base.</p><p>S&amp;P said a greater shift in the telco's dividend policy, a more robust media segment, and increased divestments could further support its leverage.</p><p>The company saw slightly higher cash outflows in the interim period due to working capital constraints and a weak media business, although S&amp;P said it sees some recovery in H2 due to payouts from the project-based solutions unit.</p><p>Price (HKD): $4.12, Change: $+0.07, Percent Change: +1.73%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PCCW Aims for Deleveraging with Dividend Policy Shift, S&P Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPCCW Aims for Deleveraging with Dividend Policy Shift, S&P Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-01 19:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PCCW (HKG:0008) could be aiming to deleverage given changes in its payout policy, although its immediate impact is seen as modest, S&P Global Ratings said in a note published on Tuesday.The telco did ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2456848560","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2456848560","pubTimestamp":1722513042,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"PCCW  could be aiming to deleverage given changes in its payout policy, although its immediate impact is seen as modest, S&P Global Ratings said in a note published on Tuesday.The telco did not raise its final 2023 and interim 2024 dividends to shareholders despite an increase in subsidiary Hong Kong Telecommunications' payout for the periods, saying that it \"will adopt a prudent dividend policy\" as it looks to boost its financial base.S&P said a greater shift in the telco's dividend policy, a more robust media segment, and increased divestments could further support its leverage.The company saw slightly higher cash outflows in the interim period due to working capital constraints and a weak media business, although S&P said it sees some recovery in H2 due to payouts from the project-based solutions unit.Price : $4.12, Change: $+0.07, Percent Change: +1.73%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"标准普尔表示，电讯盈科旨在通过股息政策转变来去杠杆化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00008":1,"HKD":1},"content_text":"PCCW (HKG:0008) could be aiming to deleverage given changes in its payout policy, although its immediate impact is seen as modest, S&P Global Ratings said in a note published on Tuesday.The telco did not raise its final 2023 and interim 2024 dividends to shareholders despite an increase in subsidiary Hong Kong Telecommunications' payout for the periods, saying that it \"will adopt a prudent dividend policy\" as it looks to boost its financial base.S&P said a greater shift in the telco's dividend policy, a more robust media segment, and increased divestments could further support its leverage.The company saw slightly higher cash outflows in the interim period due to working capital constraints and a weak media business, although S&P said it sees some recovery in H2 due to payouts from the project-based solutions unit.Price (HKD): $4.12, Change: $+0.07, Percent Change: +1.73%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2456848560"}