HKT Trust Placement - Strong Track Record and FY2016 Results Outweighs Large Deal Size

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Hong Kong Wireless: HKT Remains Our Top Pick on Consolidation Benefits.

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Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

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We also provide debt research on:
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Equity Bottom-Up

<p>After a disappointing stock market performance in 2H16, when yield names fell from favor, <a href="https://www.smartkarma.com/entities/874" target="_blank" data-smartkarma-citation="entities:874:1">HKT Trust (6823 HK)</a> managed to deliver strong 2H16 numbers. These were well ahead of our expectations as mobile service revenue and Ebitda performed impressively. The Hong Kong telecom market has seen consolidation (HKT's purchase of CSL) and remains generally well disciplined. There is also the prospect of further consolidation, with <a href="https://www.smartkarma.com/entities/289" target="_blank" data-smartkarma-citation="entities:289:1">HKBN (1310 HK)</a> often mentioned as a player in this.</p><p>Our long-term view has…</p>

After a disappointing stock market performance in 2H16, when yield names fell from favor, HKT Trust (6823 HK) managed to deliver strong 2H16 numbers. These were well ahead of our expectations as mobile service revenue and Ebitda performed impressively. The Hong Kong telecom market has seen consolidation (HKT's purchase of CSL) and remains generally well disciplined. There is also the prospect of further consolidation, with HKBN (1310 HK) often mentioned as a player in this.Our long-term view has…

HKT's Strong 2H16 Results Helped by CSL Synergies. PCCW an Attractive Entry into HKT?

HKT Ltd

HKT's Strong 2H16 Results Helped by CSL Synergies. PCCW an Attractive Entry into HKT?