Glonghui, March 7 | Morgan Stanley published a research report stating that in the volatile competitive environment of the industry, the growth resilience of telecom companies is even more valuable. It is expected that in the face of continued competitive pressure in the market, there may be differences in the performance of telecom companies, which will affect the growth and investment prospects of local telecommunications stocks this year. It is recommended to focus on leading companies. Among them, the “leader” Hong Kong Telecom is more optimistic, and maintains a “gain” rating. The target price is HK$10.5. Damo pointed out that in the high-end market, HKT relies on user loyalty, network quality and brand awareness to consolidate its stable market position and achieve steady growth. It is expected that the company will continue to outperform Digitcom and Hottron this year. Daimo's current stock selection priority is HKT, PCCW, Digitcom and Hong Kong Broadband, all of which have a “in sync with the market” rating. Digitcom's target price remained at HK$4.5, while the target price for Heda dropped slightly from HK$1.2 to HK$1.1. The target price for broadband in Hong Kong was reduced from HK$3.5 to HK$3.3, and PCCW's target price was lowered from HK$4 to HK$3.7.