Glonghui, Feb. 26 | Morgan Stanley released a technical report. It is expected that Dianying's stock price will fall within 15 days. The probability of this happening is expected to exceed 80%. The rating is “in sync with the market”, and the target price is HK$4. Electric's total dividend for the full year increased by 1% year-on-year to 38.25 cents last year. According to the report, the dividend pass through rate (dividend pass through rate) of the Hong Kong Telecom subsidiary of 52% of the shares held by Electric Power last year fell to 97% from 100% in the previous two years, which was unexpected and had a negative impact on the market. Under pressure from free cash flow, the risk of a decline in dividend conductivity is expected to continue. Since HKT's dividend payouts are more visible, it is expected that the market will prefer HKT over Dengying, further dampening the short-term investment sentiment of TEK.