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Real-time News
On February 24, industry sources said that the demand for Nvidias latest Blackwell architecture GPU chip is strong, and it has booked more than 70% of TSMCs CoWoS-L advanced packaging capacity this year, with shipments increasing quarter by more than 20% quarter-on-quarter.The Singapore dollar rose to 1.3313 against the U.S. dollar, its highest point since early November last year.On February 24, UBS published a report stating that Hong Kong Telecom (06823.HK) recorded service revenue of HK$16.3 billion in the second half of last year, an increase of 1.4% over the same period last year; EBITDA was HK$7.6 billion, an increase of 2.5% over the same period last year; and net profit was HK$3.1 billion, an increase of 1.3% over the same period last year. Its service revenue was roughly the same as the banks forecast, while EBITDA and net profit were 1 to 7% lower than the banks forecast, mainly due to reduced mobile phone sales and increased income tax. The report stated that Hong Kong Telecom declared a final dividend of HK$0.4588 per share, an increase of 3.2% over the same period last year, with a dividend payout ratio of 100%, which was similar to the banks forecast, meaning that the full-year dividend yield was above 8%. After the results were announced, the banks profit forecast for Hong Kong Telecom remained roughly unchanged, and raised the target price from HK$12.5 to HK$13, maintaining a buy rating.On February 24, UBS published a report stating that PCCWs (00008.HK) revenue in the second half of last year rose 2% year-on-year to 19.9 billion yuan, and EBITDA remained flat at 7.2 billion yuan, which was lower than expected, mainly due to increased expenses for the expansion of the media business. The company announced a final dividend of 0.2848 yuan per share, similar to last year, which is equal to 95% of the full-year dividend of Hong Kong Telecom (06823.HK). The bank lowered PCCWs revenue and EBITDA forecasts from this year to 2027 by 0% to 6%, and lowered its dividend per share forecast by 1% to 5%, expecting the dividend per share to remain flat, rather than maintaining a stable pass-through ratio for Hong Kong Telecoms dividends to support the media and solutions business that may still be burning money. The bank raised the companys target price from HK$5 to HK$5.5, with a dividend yield of 7.8%, and maintained its buy rating.Hong Kong-listed electronic parts stocks fluctuated and retreated, with Q Technology (01478.HK) falling more than 4.5%, AAC Technologies (02018.HK) falling more than 3.5%, and Sunny Optical Technology (02382.HK) falling more than 3%.
