Hong Kong's mobile and fixed-line markets stayed solid, without notable roaming revival so far as the border has yet to be rebooted. Morgan Stanley preferred integrated solutions providers like HKT-SS (06823.HK), being the sector top-pick.
Comments of HUTCHTEL HK (00215.HK) and PCCW (00008.HK) on special dividend and business sale would be key catalysts to watch.
PCCW was upgraded from Equalweight to Overweight, with an unchanged target of $5.2. HUTCHTEL HK was downgraded from Overweight to Equalweight, with an unchanged target of $1.7.
Comments of HUTCHTEL HK (00215.HK) and PCCW (00008.HK) on special dividend and business sale would be key catalysts to watch.
PCCW was upgraded from Equalweight to Overweight, with an unchanged target of $5.2. HUTCHTEL HK was downgraded from Overweight to Equalweight, with an unchanged target of $1.7.