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PCCW Limited's (HKG:8) Top Owners Are Retail Investors With 42% Stake, While 41% Is Held by Public Companies
Key Insights PCCW's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public 50% of the business is held by the top 4 shareholders
Xiaomo: Investors are advised to selectively invest in the Hong Kong telecommunications industry and prefer HKT-SS
J.P. Morgan Chase released a research report saying that the Hong Kong Telecom sector performed mixed in the second half of last year, while HKT-SS (06823) is the only company that saw an increase in dividends this year. The report suggests that investors should selectively invest in this industry because of the fragmentation of company fundamentals and the outlook for US interest rates is still uncertain. The preferences for HKT are HKT, PCC (00008), and Hong Kong Broadband (01310) in that order. According to the report, PCCW's rating was downgraded from “increased holdings” to “neutral”, and the target price was lowered by 9% from HK$4.4 to HK$4, worrying that its dividend prospects are uncertain; Xiang
Damo: Target price of HK$4 for PCCW's “Synchronize with the Market” rating
Morgan Stanley released a research report saying that it is expected that the stock price of PCCW (00008) will fall within 15 days. The probability of this happening is expected to exceed 80%. The rating is “in sync with the market”, and the target price is HK$4. The company's total dividend for the full year of last year increased 1% year over year to 38.25 cents. According to the report, the dividend transmission rate of the subsidiary HKT-SS (06823), which holds 52% of the shares in the previous two years, fell to 97% last year, which was unexpected for the market and had a negative impact. Under pressure from free cash flow, the risk of a decline in dividend conductivity is expected to continue. Due to the increased visibility of HKT dividends
Changes in Hong Kong stocks | Telecom's (00008) net profit fell by more than 6% after the results, net profit for the whole year changed from profit to loss, and final interest of HK28.48 HK cents
Telecom (00008) dropped more than 6% after the results. As of press release, it was down 5.52% to HK$3.94, with a turnover of HK$658.94 million.
Selected Announcements | Haohai Biotech's annual net profit to mother increased by 130% year-on-year; Zijin Mining's 17.5 billion yuan mine expansion project approved
Huahong Semiconductor: Net profit due to mother decreased by 35.64% year on year in 2023; Times Electric: net profit to mother increased by 21.51% year on year in 2023; BYD Chairman and CEO Wang Chuanfu proposed to repurchase A-shares to 400 million yuan.
PCCW: CLARIFICATION ANNOUNCEMENT - ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
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Amrose : Coal seems like a bad investment on account of the whole global transition to clean energy...
Col LambertOP Amrose: Yes and no. I used to invest in green energy for years as well as but it appears that the green initiatives aren't really solid, e.g. hydrogen power, solar & wind. On the other hand, nuclear and coal are back to the forefront by countries. For coal, it's something tie to country's GDP, while for nuclear it seems to be the less of two evils (no energy vs fast energy). Just my two cents.
Col LambertOP Amrose: I like oil companies too like $Petroleo Brasileiro SA Petrobras (PBR.US)$$Petroleo Brasileiro SA Petrobras (PBR.A.US)$ but hell their CEO suddenly said something like "shareholders will understand" about their "cautious" decisions in dividends payout right before their earnings announcements. Damn it ...... Last night dropped 9%+ already ...
Col LambertOP : Time for rebound all in..
Col LambertOP : DLLMH up up up