HKBN 1H17 Disappoints and Near-Term Earnings Outlook Disappoints but Focus on Returns a Positive

HKBN: No More Deals (For Now). Focus on Execution and Rising Returns.

HKBN, Second Half Turnaround Expected as Management Focus on Ebitda Growth

HKBN Expands Its Presence in Household and Enterprise Businesses

HKBN Moves into Commercial Market with Acquisition of New World Telecoms

HKBN (1310 HK): Expect Stronger 2H FY16 Growth

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Equity Bottom-Up

<p>Although <a href="https://www.smartkarma.com/entities/289" target="_blank" data-smartkarma-citation="entities:289">Hkbn Ltd</a> (HKBN) had guided for lower estimates, the actual numbers were slightly lower again with Ebitda up a modest 6% YoY. Subscriber growth was strong despite much of the growth being back loaded into 2H16 (LeEco OTT, MyTV Super and EPL sales). However, revenue and Ebitda lagged in part due to promotional pricing and the added costs of adding subscribers. The enterprise segment continues to grow strongly as noted in our last note. </p><p>While we see continued near term cost pressures, we…</p>

Although Hkbn Ltd (HKBN) had guided for lower estimates, the actual numbers were slightly lower again with Ebitda up a modest 6% YoY. Subscriber growth was strong despite much of the growth being back loaded into 2H16 (LeEco OTT, MyTV Super and EPL sales). However, revenue and Ebitda lagged in part due to promotional pricing and the added costs of adding subscribers. The enterprise segment continues to grow strongly as noted in our last note. While we see continued near term cost pressures, we…

HKBN's Weaker 1Q Numbers Reflect Its Growth Strategy

HKBN Ltd

HKBN's Weaker 1Q Numbers Reflect Its Growth Strategy