According to the J.P. Morgan report, observing a resurgence in competition in the mobile and fixed network markets in Hong Kong this year, it is believed that the interim results of Hong Kong Broadband (01310.HK), Hutchison Telecom Hong Kong (00215.HK) and Digital Communications (00315.HK) are weak. The bank continued to prefer Hong Kong Telecom (06823.HK), which is better able to maintain a high dividend ratio due to its excellent performance in the past when the environment was unfavorable, combined with a balanced business portfolio and structural cost advantages, and benefiting from the synergies brought about by business integration. On the contrary, the bank is most dismissive of Digital Communications because the business is too concentrated on mobile services and the cost structure is not advantageous. In addition, Motong cut Hong Kong's broadband EBITDA growth forecast for this year and next two years by 4% and 7%, and the dividend per share was also reduced by 11% and 16%. The bank expects the Group's EBITDA to grow by only 3% this year, with dividends remaining flat, under pressure from the group's pricing and sales promotion costs. Shares │Rating│ Target Price Hong Kong Telecom (06823.HK) │Increased Holdings│$11.8 ->$12.5 Profit (00008.HK) │Increased Holdings│$5.4 ->$5.8 Hong Kong Broadband (01310.HK) │Increased Holdings│$10.5 ->$9 Hutchison Hong Kong (00215.HK) │Neutral│ $2.75 Digital (00315.HK) │Neutral│ $13