HKT-SS

Hong Kong Telecom edged down 0.24% to HK$12.39, retreating from an intraday high of HK$12.49, as profit-taking followed strong recent gains. The underlying strength stems from H1 2026 results: operating revenue of HK$9.343 billion rose 7.87% year-over-year, net profit climbed 4% to HK$1.077 billion, and interim dividend per share increased to HK$0.348. Now TV's acquisition of exclusive Premier League broadcasting rights for three seasons adds high-quality content assets. Yet operating profit declined 0.55% year-over-year, raising concerns about margin sustainability. The stock trades 8.76% below its 52-week high of HK$13.58 while gaining 6.44% year-to-date, positioning it at relative elevated levels. Investors will watch whether margin pressure can ease as growth drivers persist.

Hong Kong Telecom Trust & HKT Ltd closed essentially flat today at 12.42 HKD, a marginal gain of 0.24% from the previous close. Intraday trading ranged between 12.39 and 12.56 HKD, with the morning session reaching a high of 12.56 HKD before the afternoon session pulled back to the closing level. The stock drew support from robust interim earnings that exceeded expectations: net profit grew 4% year-over-year while revenue climbed 7.87%, with interim dividend raised to HK$0.348 per share. Morgan Stanley maintained an overweight rating, affirming confidence in the company's trajectory. The stock recently hit a 52-week record high of 13.58 HKD in early August and has gained 6.7% year-to-date, signaling robust investor confidence in long-term growth. Adding to the positive narrative, Now TV recently secured exclusive broadcast rights for the Premier League and FA Cup for three additional seasons, diversifying content and revenue. On the downside, operating profit declined 0.55% year-over-year despite revenue expansion, and today's trading activity remained subdued with only 7.41 million shares exchanged at a 0.1% turnover rate.

HKT-SS climbed 1% to HK$12.39 today, touching HK$12.43 intra-day, supported by solid H1 results and Morgan Stanley's overweight rating. Revenue rose 7.87% YoY to HK$18.69 billion, while net profit increased 4.01% to HK$2.15 billion; interim dividend was raised to HK$0.348. Morgan Stanley highlights growth prospects in 5G, broadband and AI infrastructure. Now TV's recent three-year Premier League broadcasting deal strengthens content portfolio. Valuation-wise, the stock has gained 6.44% year-to-date, trading 8.76% below its 52-week high of HK$13.58 and slightly below the 20-day moving average. While the PE of 17.5 sits at the higher end for telecom stocks, the 6.68% dividend yield and steady earnings growth provide support.

HKT Trust and HKT declined roughly 1% to HK$12.26 today, primarily reflecting profit-taking pressure following the stock's recent surge to a 52-week high of HK$13.58 in early August. First-half 2026 interim results showed solid performance, with net profit climbing 4% YoY to HK$2.153 billion and revenue up 8% to HK$18.69 billion, supporting the earlier rally. Morgan Stanley maintained an overweight rating on the stock, while the group's Now TV subsidiary secured exclusive three-season broadcasting rights for the Premier League and FA Cup, strengthening content assets. Trading year-to-date up 5.33% with a P/E of 17.31 and dividend yield of 6.75%, the stock trades 9.72% below its recent 52-week peak. Currently positioned above the 60-day moving average of HK$12.29 but below the 20-day average of HK$12.92, the stock reflects market digestion of recent positive catalysts, with supply temporarily outweighing demand as investors balance profit-taking against fundamental support.

HKT Trust and HKT Limited gained 0.32% to HK$12.38 today, yet sits 8.84% below its 52-week high of HK$13.58 reached in early August, reflecting profit-taking after the company's robust interim results. First-half 2026 earnings showed solid momentum: net profit reached HK$2.153 billion, up 4% year-over-year, while operating revenue climbed to HK$18.69 billion, +8% YoY, driven by broadband, 5G, and AI infrastructure expansion. The interim dividend per share rose to HK$0.348, and Morgan Stanley maintained an 'Overweight' rating on the stock. Year-to-date, shares have advanced 6.36%, with a forward P/E of 17.48 and P/B of 2.65, suggesting fair valuation; however, operating profit declined 0.55% YoY, and the stock trades below its 20-day moving average of HK$12.93, signaling near-term weakness in momentum.