GLONGHUI, September 8 | Morgan Stanley published a report saying that the performance of Hong Kong Telecom stocks in the first half of the year was generally in line with expectations, but the improvement in competition was not as obvious as expected. Despite stable growth prospects, interest rate risks continued to affect sector sentiment. Damo lowered the target price of 5 telecommunications stocks, the target price of HKT was lowered from HK$12 to HK$10.5, and the rating was “increased”; PCCW's target price was lowered from HK$4.5 to HK$4, and the rating was lowered from “increase and maintenance” to “synchronize with the market”; Hong Kong's broadband target price was lowered from HK$4.5 to HK$4, and the target price of Digitcom was lowered from HK$5.5 to HK$4.7, and the target price of Telecom was lowered from HK$1.3 to HK$1.2, all maintaining “same pace with the market”” Ratings. The bank said it preferred Hong Kong Telecom, which had a dividend rate of about 9% in 2023.