HSBC Global Research Upgrades PCCW (00008.HK) to Buy with TP Added to $5.4
HSBC Global Research Upgrades PCCW (00008.HK) to Buy with TP Added to $5.4
PCCW (00008.HK)'s media business is poised to break even in EBITDA this year, whereas its solutions business achieved shiny recovery in 2H21, said HSBC Global Research in its report. The broker upgraded the stock to Buy from Hold, lifting the target price to $5.4 from $4.8.
PCCW's disposal of the HK and Malaysia data centre business, and the de-consolidation of PCPD (00432.HK) in December 2021 streamlined reporting procedure, letting investors focus on the strength of the company's media and solutions businesses.
Besides, investors were cheered by Viu's resilience in a fiercely competitive environment in Southeast Asia with MAU/ paid subscriber growth of 30% and 58% last year.
滙豐環球研究(HSBC Global Research)在其報告中稱，電訊盈科(00008.HK)的媒體業務今年有望實現EBITDA收支平衡，而其解決方案業務在21年下半年實現了閃亮的復甦。該經紀公司將該股評級從持有上調至買入，將目標價從4.8美元上調至5.4美元。
電訊盈科出售香港和馬來西亞數據中心業務，以及在2021年12月拆分電訊盈科(00432.HK)，簡化了報告程序，讓投資者專注於公司媒體和解決方案業務的實力。
此外，投資者對Viu在東南亞競爭激烈的環境中的韌性感到鼓舞，去年MAU/付費用户分別增長了30%和58%。