Morgan Stanley published a report predicting that competition in the fixed network business of Hong Kong Telecom (06823-HK) will continue to improve. It also believes that HKT's dividend return of about 6% is still attractive. It reiterated that HKT's “increased holdings” rating was given, and the target price dropped from $12.5 to $12. The bank also expects Hedian Hong Kong (00215-HK) to have a dividend yield of 4.3% and Digitcom (00315-HK) to have a dividend return of 5.6%. The target price for the former is $2.8, while the target price for the latter is $13.
大摩降香港电讯(06823-HK)目标价12元
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