Added to YB: 2024-12-06
Pitch date: 2024-12-04
1310.HK [bullish]
HKBN Ltd.
+36.84%
current return
Author Info
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Company Info
HKBN Ltd., an investment holding company, provides fixed telecommunications network, international telecommunications, and mobile services to residential and enterprise customers in Hong Kong, Mainland China, and Macao.
Market Cap
HKD 6.7B
Pitch Price
HKD 4.84
Price Target
N/A
Dividend
6.14%
EV/EBITDA
8.05
P/E
732.86
EV/Sales
1.60
Sector
Diversified Telecommunication Services
Category
special_situation
HKBN Takeover Bid: What Shareholders Need to Know About the HK$5.23 Offer
1310.HK: China Mobile offers HK$5.23/share for HKBN, below IPO price. Financials mixed: rev/FCF grew, earnings/dividends declined. Undervalued at 0.6x PS (vs 1.2x 5yr avg), 18% FCF yield (vs 27%), 6.1% div yield (vs 11%). Competing offer from I Squared Asia possible. 25% secured, 90% needed for compulsory acquisition.
Read full article (2 min)