According to a report published by UBS, HKT's service revenue, EBITDA and net profit increased by 3.1%, 2.2%, and 1.6% year-on-year respectively in the second half of last year, in line with UBS and market forecasts. The final interest rate per share increased 2.9% year-on-year, in line with UBS and market forecasts, meaning a dividend ratio of more than 8%. After the announcement of the results, UBS kept HKT's 2024-2026 forecast unchanged, and continued to expect an annual dividend growth rate of 2 to 3% per share. The bank raised its target price from HK$11.8 to HK$12.1, with a “buy” rating.
大行评级｜瑞银：上调香港电讯目标价至12.1港元 评级“买入”
Major Bank Rating | UBS: Raising HKT's Target Price to HK$12.1 Rating “Buy”
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