The "New Shares" report that FWD Group has resubmitted its listing application to the Stock Exchange after turning a profit last year.
PCCW (00008.HK) Chairman Li Ze-kai's FWD Group has announced that it has resubmitted the A1 form to the Hong Kong Stock Exchange (00388.HK) for a Main Board listing, with joint sponsors being Morgan Stanley and Goldman Sachs.
According to reports, FWD has applied for a listing in Hong Kong for the fourth time and plans to raise several hundred million dollars.
According to foreign media reports, Li Ka-shing's chairman of Power Asset Holdings (00008.HK) has submitted a listing application for FWD Group for the fourth time to the Hong Kong Stock Exchange, expected to raise several hundred million dollars. The reports indicate that FWD has received preliminary interest from potential investors regarding the IPO, and that considerations are still ongoing, with details such as issuance timing and scale likely to change.
PCCW LIMITED To Go Ex-Dividend On May 20th, 2025 With 0.36655 USD Dividend Per Share
May 18th (Eastern Time) - $PCCW LIMITED(PCCWY.US)$ is trading ex-dividend on May 20th, 2025.Shareholders of record on May 20th, 2025 will receive 0.36655 USD dividend per share on June 27th, 2025.
Li Ze-kai: The Hong Kong economy will not be too bad with support from the Central Government, and there are 'no winners' in the trade war affecting the Global economy.
The Executive Chairman of PCCW (00008.HK) and Hong Kong Telecom (06823.HK), Li Ka-shing, recently stated at the Shareholder meeting that he is confident in Hong Kong's economy. With support from the Hong Kong government and central authorities, the outlook for the local economy will not be too bad; even if the economy is average, the company will maintain its current dividend policy by controlling costs. He noted that the stock prices and dividend returns of the two stocks have outperformed the market in the past. Regarding the US-China tariff war, he mentioned that the trade war has 'no winners' for the Global economy and is an action that leads to losses on all sides. If tariff negotiations do not yield reasonable results, it will negatively impact many business clients. Furthermore, Hong Kong has previously experienced SARS, the COVID-19 pandemic, and...
PCCW To Go Ex-Dividend On May 19th, 2025 With 0.2848 HKD Dividend Per Share
May 15th (Beijing Time) - $PCCW(00008.HK)$ is trading ex-dividend on May 19th, 2025.Shareholders of record on May 20th, 2025 will receive 0.2848 HKD dividend per share on June 20th, 2025. The ex-
"Morgan Stanley: If HIBOR remains below 3% for an extended period, it will benefit Hong Kong Telecom (06823.HK), PCCW (00008.HK), and New World Telecommunications (01686.HK)."
Morgan Stanley pointed out that due to the weakness of the US dollar and the peg limiting the appreciation of the Hong Kong dollar, the one-month Hong Kong Interbank Offered Rate (HIBOR) dropped from 4% to 1.9% in just four days. High-leverage stocks such as Hong Kong Telecom (06823.HK), HKT (00008.HK), and New World Development (01686.HK) are beneficiaries. The bank believes that if HIBOR remains below 3% for a longer period (2 to 3 months), compared to 3.5% to 4% at the beginning of this year, significant growth in cash flow and profits for these companies may be observed. The bank estimates that for every 100 basis point change in HIBOR, it can bring annual benefits to Hong Kong.
FWD Hong Kong launches cross-border Medical plan and strengthens cooperation with YANG HO.
FWD Hong Kong announced the launch of a cross-border Medical Excellence plan, which includes the "Greater Bay Area Smart Access Outpatient Program" that covers outpatient protection in designated cities within the Greater Bay Area, as well as the "Cross-Border Unlimited Medical Elite" providing lifetime Medical protection in Greater China, Asia, and even globally, to meet the Medical protection needs of residents in the region. In addition, FWD is strengthening cooperation with Yang He to expand one-stop cancer support, adding cross-border doctor consultations and dedicated nurse follow-up services to provide more comprehensive health protection for customers. FWD's Executive Director for the Greater China region and CEO of Hong Kong, Liu Zhijian, stated that with the increasing frequency of exchanges in the Greater Bay Area, there is a noticeable demand for coverage that includes cities in mainland Greater Bay Area.
Hong Kong Telecommunications (06823.HK) PCCW Global successfully completed low earth Satellite testing with Galaxy Space in Hong Kong.
HKT Trust and HKT (06823.HK) subsidiary international telecommunication services provider PCCW Global has recently successfully completed content transmission and communication tests using low Earth orbit satellite technology in collaboration with the leading private commercial aerospace enterprise GalaxySpace, demonstrating a wide range of application scenarios. Earlier this year, PCCW Global set up GalaxySpace's first low Earth broadband satellite communication demonstration station located in Hong Kong. Both parties subsequently completed the testing of connecting the demonstration station to GalaxySpace's experimental constellation "Little Spider Web," composed of eight low Earth communication satellites, applying high-speed and low-latency satellite networks to remote high-definition video transmission and automation.
PCCW has granted a total of 4.12525 million shares as reward shares.
PCCW (00008) announced that on April 25, 2025, the company will grant a total of 4.12525 million shares as part of the PCCW Limited 2024 Share Award Plan (2024 Share Award Plan) adopted on May 30, 2024.
PCCW (00008.HK) granted a total of 4.125 million reward shares.
Gelonghui, April 25丨PCCW (00008.HK) announced that on April 25, 2025, the company will grant a total of 4.125 million shares as rewards under the PCCW Limited 2024 Share Award Plan adopted on May 30, 2024.
PCCW Limited Announces HKT Financial Results and Stake Details
Morgan Stanley: Raises the Target Price of HKT Trust and HKT to HKD 11.5 and includes it in the preferred stocks.
Morgan Stanley released a Research Report stating that it has raised the Target Price for HKT Trust and HKT (06823) from HKD 10.3 to HKD 11.5, maintaining a Shareholding rating and listing the stock as an industry preferred stock. The Target Price corresponds to a forecast dividend yield of 7.1 cents, which has a 350 basis point spread over the target yield of 3.6 cents for USA ten-year Bonds. This spread has narrowed by 50 basis points compared to the original assumption, reflecting the market's recognition of high visibility dividend payments amid tariff and policy uncertainties. The bank also raised the Target Price for PCCW (00008) from HKD 3.9 to HKD 4.5, based on the revaluation of HKT.
Morgan Stanley raised the Target Price of Hong Kong Telecom (06823.HK) to 11.5 dollars, included in the preferred stocks.
Morgan Stanley released a report, raising the Target Price for HKT Trust and HKT (06823.HK) from HKD 10.3 to HKD 11.5, maintaining a Shareholding rating, and listing the stock as the preferred stock in the Industry. The Target Price corresponds to a forecast dividend yield of 7.1%, with a spread of 350 basis points over the USA 10-year Bonds target yield of 3.6%. This spread has narrowed by 50 basis points from the original assumption, reflecting the market's recognition of high visibility dividend payments amidst tariffs and policy uncertainty. The firm also raised the Target Price for PCCW (00008.HK) from HKD 3.9 to HKD 4.5, based on the valuation adjustment of HKT.
PCCW: 2024 ANNUAL REPORT
The Hong Kong government has launched a pilot project for a low-altitude economy 'regulatory sandbox.'
The government has announced the first batch of pilot projects for the low-altitude economy "regulatory sandbox", receiving applications from a total of 72 applicants. After review by the working group for developing the low-altitude economy, 38 projects have been decided for implementation. The applying Institutions include both mainland and local organizations, university research institutions, public agencies, and commercial organizations, including CHINA MOBILE Hong Kong, China Light and Power, the Fire Services Department, the Highways Department, the University of Science and Technology, Kangaroo Limited under Meituan (03690.HK), subsidiaries of Power Assets Holdings (00008.HK), the University of Hong Kong, SF Express, and the Hospital Authority, among others. The project content covers emergency rescue and Logistics.
TVB (00008.HK) Viu launched multiple Viu Original dramas this year and started a proposal collection in the second quarter with South Korea's KOCCA.
PCCW (00008.HK) announced that its streaming platform Viu will launch several Viu Original dramas this year, including "My Youth" starring South Korean actors Song Joong-ki and Shin Hye-sun, which is expected to premiere in the second half of 2025. This is Song Joong-ki's first major series since the Viu original drama "The Youngest Son of a Conglomerate" in 2022, which became the most-watched program on the Viu platform within just 10 days of its release. In addition to "My Youth", Viu also announced the release of three new Viu Original dramas, including a South Korean romance.
Hang Seng Index Limited launched the Hang Seng High Dividend Stock 30 Index.
Hang Seng Index Company today launched the Hang Seng High Dividend Yield 30 Index.
In the performance report, FWD's net profit after tax last year reached 24 million USD, marking the first net profit recorded after adopting IFRS 17.
FWD Group announced that as of December 31, 2024, the annual after-tax net profit reached 24 million USD, marking the first net profit recorded by the Group after applying International Financial Reporting Standards No. 17, compared to a net loss of 0.733 billion USD in 2023. The after-tax operating profit reached 0.463 billion USD, representing a 29% year-on-year growth at fixed Exchange Rates. The service margin for new business contracts was 1.222 billion USD, with a corresponding benchmark showing a 31% year-on-year increase, but a 6.7% decline at fixed Exchange Rates. The Group's new business sales grew by 19% at fixed Exchange Rates, reflecting strong performances in Hong Kong and Macau, as well as continuous growth in Emerging Markets. New business value.
Express News | Four foreign enterprises in Peking have obtained approvals for the expansion of pilot value-added telecommunications business, leading the country in both number and types of businesses.
The Hang Seng Index Company has launched the Hang Seng Stock Connect free cash flow Indices.
The Hang Seng Index company announced the launch of the Hang Seng Stock Connect free cash flow index, which will be calculated and released in real time every two seconds. The index will undergo a semi-annual review in the second and fourth quarters of each year according to the review and adjustment schedule of the Hang Seng Index series. The latest changes to the constituent stocks will take effect after the close on March 7 and will be effective from March 10. The latest 50 constituent stocks include PetroChina (00857.HK), CNOOC (00883.HK), China Shenhua Energy (01088.HK), China Coal Energy (01898.HK), Yankuang Energy (01171.HK), and SHOUGANG RES (00639.