01310 HKBN
- 2.590
- +0.100+4.02%
HKBN News
Buy Rating Affirmed for HKBN on Strong Growth Prospects and Rising ARPU
Changes in Hong Kong stocks | Hong Kong broadband fell to a record low of nearly 5%, net profit fell by more than 90% in the medium term, and problems such as debt burden may be difficult to improve in the short term
Hong Kong Broadband (01310) fell by nearly 5%, hitting a record low of HK$2.4. As of press release, it decreased by 6.35% to HK$2.36, with a turnover of HK$56.1272 million.
Xiaomo: Maintaining the Hong Kong Broadband (01310) “Reduced Holdings” Rating and Lowering the Target Price to HK$2.2
Komo lowered its dividend payout forecast for FY2024 and FY2025 by 28% and 36% respectively to $0.3 for both years.
Changes in Hong Kong stocks | Hong Kong broadband fell more than 17%, and mid-term net profit fell by more than 90% year on year
Hong Kong Broadband (01310) fell by more than 17%. At press time, it was down 17.55% to HK$2.49, with a turnover of HK$50.204 million.
HKBN To Go Ex-Dividend On May 21st, 2024 With 0.15 HKD Dividend Per Share
April 27th - $HKBN(01310.HK)$ is trading ex-dividend on May 21st, 2024. Shareholders of record on May 22nd, 2024 will receive 0.15 HKD dividend per share on June 5th, 2024. The ex-dividend date is
Hong Kong Broadband 2024 Interim Results Reverse to Yield
Strengthening Core Business Performance Enhancing Operational Efficiency Lays the Basis for Sustainable Growth Hong Kong April 26, 2024/US Communication/ -- Hong Kong Broadband Limited (“Hong Kong Broadband” or the “Company”; Stock Code: 1310) today announced its six months ended 29 February 2024 (“2024” Operating performance and financial results for the first half of the year”). Despite the uncertain and challenging business environment, Hong Kong's successful loss to earnings marks a key moment in the path to sustainable profitability. By improving operational efficiency and strengthening the core business table
Hong Kong Broadband (01310) will pay an interim dividend of HK$0.15 per share on June 5
Hong Kong Broadband (01310) announced that the company will pay an interim dividend of 0.1 per share on June 5, 2024...
Hong Kong Broadband (01310.HK) mid-term revenue decreased by 13% to HK$5.809 billion
On April 26, GLONGHUI Hong Kong Broadband (01310.HK) announced that for the six months ended February 29, 2024, the company's revenue decreased by 13% year-on-year to HK$5.809 billion, mainly due to sales performance of mobile phones and other products falling short of expectations. Despite this, the Group's core business, including fixed-line telecommunication network services, technology solutions and consulting services, grew steadily by 1% year-on-year. Profit before interest, tax, depreciation and amortization decreased by 4% year-on-year to HK$1.151 billion, mainly due to weak sales performance of mobile phones and other products, although the decline was partially offset by reduced operating expenses due to improved operations.
香港寬頻：截至2024年2月29日止六個月中期業績公告
Hong Kong Broadband (01310.HK) held a board meeting on April 26 to approve publication of interim results
Glonghui, April 11 | Hong Kong Broadband (01310.HK) announced that the company's board of directors meeting will be held on April 26, 2024 (Friday) at VIKeLand, 8th floor, Kowloon Bay International Trade and Exhibition Centre, 1 Trademart Drive, Kowloon Bay, Hong Kong to (among other things) approve the publication of the company and its subsidiaries's interim results announcements for the six months ended February 29, 2024, and consider the payment of an interim dividend (if applicable).
HKBN: DATE OF BOARD MEETING
Changes in Hong Kong stocks 丨 Hong Kong broadband rises against the market, most shareholders say they are considering privatization
Glonghui, March 22 | Rumor has it that the majority shareholders are considering privatization. Hong Kong Broadband (1310.HK) rose 5.7% to HK$3.15 at the beginning of the session, but as the market weakened, the increase in Hong Kong broadband narrowed, up 2% so far. According to the news, Hong Kong Broadband's previous acquisition negotiations with I Squared Asia Advisors, the majority shareholder of Global Telecom (HGC), were terminated, and the company's major shareholders are reportedly reconsidering potential transaction options, covering privatization and the introduction of new investors. Major shareholders including private equity firms MBK Partners and TPG, according to Bloomberg
HKBN's Owners Said to Revive Deal Options for Hong Kong Broadband Provider
Bank Ratings | J.P. Morgan Chase: HKT's fundamentals diverge, HKT is preferred
Glonghui, March 18 | J.P. Morgan Chase released a report stating that due to the fundamental differences in Hong Kong Telecom stocks and the outlook for US interest rates is still uncertain, the bank advises investors to select stocks selectively. According to the bank, PCCW downgraded its rating from “increase” to “neutral” after outperforming its peers by about 30% since last year. Due to concerns about dividend prospects and potential profit pressure, the target price was lowered from HK$4.4 to HK$4, which is equivalent to 6.3 times the predicted embedded value of EBITDA. At the same time, Hong Kong's broadband rating was cut from “increase in holdings” to “reduced holdings” due to the company's execution, corporate governance, and assets and liabilities
Hong Kong Broadband (01310.HK) was reduced by 1,428,500 shares by GIC Private Limited
Glonghui, March 18 | According to the Stock Exchange's latest equity disclosure data, on March 12, 2024, Hong Kong Broadband (01310.HK) was reduced by GIC Private Limited by 1,428,500 shares at an average price of HK$2.7986 per share on the market, involving approximately HK$3.9978 million. After the holdings were reduced, GIC Private Limited's latest shareholding was 904.476 million shares, and the shareholding ratio dropped from 7.00% to 6.90%.
The Singapore Government Investment Corporation sold 1,428,500 common shares of Hong Kong Broadband (01310.HK) worth approximately HK$3.9978 million
On March 15, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 15, Singapore Government Investment Corporation (GIC Private Limited) sold $1,428,500 common shares worth HK$3.9978 million at an average price of HK$2.7986 per share on March 12. After the sale, the latest number of shares held by the Singapore Government Investment Corporation was 94.444,800 shares, and the good position ratio dropped from 7.00% to 6.90%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? By Hong Kong Stock Exchange
HKBN Enterprise Solutions Becomes Hong Kong's First Certified Alibaba Cloud Landing Zone Partner
HKBN's CEO Stesp Down; Interim Replacement Named
HKBN Ltd. (HKG:1310) said Ni Quiaque LAI, the company's CEO, stepped down from his position. Lai will be succeeded by Chu Kwong YEUNG as an interim CEO. Both changes are effective Feb. 28, 2024. Lai w
Hong Kong Broadband (01310): Yang Zhuguang was temporarily appointed as Chief Executive Officer
Hong Kong Broadband (01310) announced that Lai Yu Kit has resigned as an executive director; the company's Environmental, Social and Governance Committee has...
Hong Kong Broadband (01310.HK) was reduced by 543,500 shares by GIC Private Limited
Glonghui, Feb. 22 | According to the latest equity disclosure data from the Stock Exchange, Hong Kong Broadband (01310.HK) was reduced by 5443,500 shares by GIC Private Limited at an average price of HK$3.2162 per share on the market, involving an investment of approximately HK$1,748,000. After the holdings reduction, GIC Private Limited's latest shareholding was 104,510,760 shares, and the shareholding ratio dropped from 8.01% to 7.97%.
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