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SMARTONE TELE (00315.HK) plans to hold a Board of Directors meeting on February 26 to approve the interim results.
Gelonghui reported on February 13 that SMARTONE TELE (00315.HK) announced that the company will hold a Board of Directors meeting on Wednesday, February 26, 2025, to approve the interim performance of the company and its subsidiaries for the six months ending December 31, 2024, and to consider the payment of an interim dividend (if any).
SMARTONE TELE: Notification of Board Meeting
"The Street" reports that Morgan Stanley has lowered the Target Price for Hong Kong Telecom (06823.HK) to 10.3 HKD, reflecting potential competition and interest rates higher than expected.
Morgan Stanley published a Research Report indicating that the competitive landscape of the telecommunications Industry in Hong Kong is expected to remain largely unchanged, with service revenue continuing to record low single-digit growth. As for the average revenue per user (ARPU) for broadband, there may be more room for growth in the short term, but the competitive landscape is the key focus. The report forecasts that most telecommunications companies will deliver performance in line with expectations, with core service revenue projected to grow by 0% to 2%. The firm also listed competition and yield (the Federal Reserve's pause on interest rate cuts) as major risks. Simultaneously, any economic and market uncertainties could provide upward potential for stock prices. Morgan Stanley believes that Hong Kong telecommunications is approximately 8.
Morgan Stanley's investment ratings and Target Prices for Chinese and Hong Kong telecommunications stocks (table).
Morgan Stanley issued a research report, listing the investment ratings and Target Prices for Chinese and Hong Kong telecommunications stocks as follows: Stock | Investment Rating | Target Price GDS Holdings (GDS.US) | Shareholding | $30 21Vianet (VNET.US) | Shareholding | $7.4 SUNEVISION (01686.HK) | Shareholding | HK$4.9 CHINA TOWER (00788.HK) | Shareholding | HK$1.3 CHINA TELECOM (00728.HK) | Shareholding | HK$5.5 China United Network Communications (00762.HK) | Shareholding | HK$8
Morgan Stanley upgraded CHINA TOWER (00788.HK) to "Shareholding", making it the top choice in the mainland telecommunication Industry.
Morgan Stanley published a research report indicating that although there is still uncertainty regarding interest rates and the macro environment, it remains bullish on domestic telecom operators maintaining dividends. It also expects that the industry can benefit from a decrease in capital expenditure following the 5G cycle, as well as potential improvements in working capital conditions. Compared to telecom operators, Morgan Stanley is more optimistic about the development of Datacenter and tower-related companies in the Chinese market. Currently, Morgan Stanley's preference ranking for the three major telecom operators is China Telecom (00728.HK), China Unicom (00762.HK), and China Mobile (00941.HK), all recommended with a "Shareholding" rating. Morgan Stanley predicts that the service revenue growth rate of the domestic telecom industry will slightly increase this year.
SMARTONE TELE (00315.HK) canceled 0.142 million shares on December 18.
On December 18, Glorious Securities announced that SMARTONE TELE (00315.HK) will cancel 0.142 million shares on December 18, 2024.