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RTNominal unchange1.270 0.000 (0.000%)

29/07/2021 16:52

{I-bank focus}HSBC raises Hutchtel HK (00215) to HK$1.45

[ET Net News Agency, 29 July 2021] HSBC Global Research raised its target price for
Hutchtel HK (00215) to HK$1.45 from HK$1.43 and maintained its "hold" rating.
The research house said Hutchtel had expanded 5G sites by 30% by 1H21, and this
contributed to a rise in network operating costs relating to site rental, utility and
transmission. It expects these costs to increase further as 5G rollout continues,
partially offset by continued restructuring in the distribution network. (RC)

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