＜Research＞UBS Adds HKT-SS (06823.HK) TP to $12.5; 1H24 Div. in Line

　　In a recent report, UBS raised its target price on HKT-SS (06823.HK) +0.110 (+1.194%) Short selling $2.00M; Ratio 6.474% from $12.1 to $12.5 and maintained its Buy rating.

　　HKT's interim dividend was $32.92 cents per share stapled unit, up 2.7% YoY, in line with the broker's full-year forecast. The projected dividend yield at the current unit price reached 8.6%.

　　Related NewsHKT-SS Interim NP $1.99B, Up 1.9%; Interim Div. $32.92 Cents per Shr Stapled Unit

　　The broker also pointed out that HKT's service revenue for 1H24 rose 2.9% YoY to $15.7 billion, while EBITDA elevated 2.6% YoY to $6.2 billion, both broadly in line with market consensus. Net profit inclined 1.9% YoY to $2 billion, 5% lower than the market's expectation, probably due to higher-than-expected interest expenses.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-26 12:25.)

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