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HKBN
(1310)
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Rating:53Neutral
Price Target:
HK$5.50
â–¼(-7.09% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by balance-sheet leverage and a weakened equity cushion, alongside volatile earnings and free cash flow. Technicals are neutral with only modest short-term support versus a weaker longer-term trend. Valuation is stretched on P/E despite a solid dividend yield, limiting upside appeal unless the profitability rebound proves durable.
Positive Factors
Recurring Revenue Model
Subscription-based residential connectivity and recurring enterprise technology fees provide a recurring revenue foundation. This model can support visibility and customer retention over the next several quarters, while upselling higher-tier plans and managed services may deepen account value.
Negative Factors
High Leverage
High debt combined with a sharply smaller equity cushion reduces financial flexibility and leaves less room to absorb weaker operating performance. The capital structure may constrain investment and deleveraging choices, making sustained earnings and cash improvement important to balance-sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Revenue Model
Subscription-based residential connectivity and recurring enterprise technology fees provide a recurring revenue foundation. This model can support visibility and customer retention over the next several quarters, while upselling higher-tier plans and managed services may deepen account value.
Read all positive factors
HKBN (1310) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.19B
Dividend Yield6.27%
Average Volume (3M)782.51K
Price to Earnings (P/E)39.0
Beta (1Y)0.16
Revenue Growth8.01%
EPS Growth58.51%
CountryHK
Employees3,636
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding1,478,921,500
10 Day Avg. Volume1,191,463
30 Day Avg. Volume782,513
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)3.05
Price to Sales (P/S)0.63
P/FCF Ratio8.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.54
Revenue Forecast (FY)HK$11.70B
HKBN Business Overview & Revenue Model
Company Description
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. The company offers fibre br...
How the Company Makes Money
HKBN primarily generates revenue by selling subscription-based connectivity and telecom services and charging recurring fees for business technology services. Key revenue streams include: (1) Residential/consumer telecommunications services: month...
HKBN Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
44
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.42B | 11.13B | 10.65B | 11.69B | 11.63B | 11.46B |
| Gross Profit | 2.80B | 2.58B | 2.51B | 2.61B | 2.84B | 2.80B |
| EBITDA | 2.28B | 2.43B | 2.14B | 1.21B | 2.83B | 2.59B |
| Net Income | 206.98M | 206.86M | 10.28M | -1.27B | 553.32M | 206.87M |
Balance Sheet | ||||||
| Total Assets | 16.85B | 17.25B | 17.67B | 18.15B | 20.43B | 21.77B |
| Cash, Cash Equivalents and Short-Term Investments | 994.70M | 1.19B | 1.22B | 1.03B | 1.21B | 1.42B |
| Total Debt | 11.25B | 11.28B | 11.47B | 11.49B | 11.73B | 11.78B |
| Total Liabilities | 14.73B | 14.97B | 15.11B | 15.10B | 15.50B | 16.23B |
| Stockholders Equity | 2.12B | 2.29B | 2.55B | 3.05B | 4.92B | 5.54B |
Cash Flow | ||||||
| Free Cash Flow | 846.02M | 796.35M | 1.70B | 881.57M | 918.28M | 1.36B |
| Operating Cash Flow | 1.35B | 1.29B | 2.06B | 1.37B | 1.43B | 1.93B |
| Investing Cash Flow | -525.41M | -500.00M | -352.62M | -464.32M | -308.68M | -586.60M |
| Financing Cash Flow | -910.61M | -814.49M | -1.50B | -1.63B | -1.94B | -928.43M |
HKBN Technical Analysis
Negative
5.92
Price Trends
5.93
Negative
6.34
Negative
6.57
Negative
Market Momentum
-0.13
Positive
35.03
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1310, the sentiment is Negative. The current price of 5.92 is above the 20-day moving average (MA) of 5.84, below the 50-day MA of 5.93, and below the 200-day MA of 6.57, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 35.03 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1310.
HKBN Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.73T | 11.12 | 9.13% | 6.87% | 4.26% | -4.41% | |
78 Outperform | HK$93.95B | 17.63 | 14.86% | 6.71% | 7.09% | 4.21% | |
70 Outperform | HK$5.36B | 10.32 | 9.66% | 6.60% | 5.60% | 9.64% | |
63 Neutral | HK$5.49B | -278.05 | 0.25% | 6.54% | 23.04% | -192.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | HK$8.19B | 39.01 | 9.40% | 6.27% | 8.01% | 58.51% | |
52 Neutral | HK$42.43B | -498.62 | -6.77% | 7.04% | 7.10% | 70.22% |
* Communication Services Sector Average
HK:1310
HKBN
5.49
0.66
13.66%
HK:0941
China Mobile
78.85
-2.87
-3.51%
HK:6823
HKT and HKT
12.34
1.20
10.80%
HK:0215
Hutchison Telecommunications Hong Kong Holdings
1.14
0.12
11.55%
HK:0315
SmarTone Telecommunications Holdings
4.85
0.36
7.97%
HK:0008
PCCW Limited
5.44
0.38
7.45%
HKBN Corporate Events
HKBN Names China Mobile Hong Kong CEO Shi Xiaoping as New Chair Amid Board Reshuffle
Sep 11, 2026
HKBN Ltd. announced that executive director and chairman Mr. Ling Hao will step down from the board, the chairmanship and the nomination committee on 11 September 2026 due to other work commitments. The board noted that Ling has no disagreement wi...
HKBN Sets Out Board Line-Up and Governance Committee Roles
Sep 11, 2026
HKBN Ltd. has announced an updated list of its board of directors and clarified their respective roles and committee memberships, underscoring a structured approach to corporate governance. The Board is led by Chairman and Executive Director Ms. S...
HKBN reshapes governance team with new company secretary appointment
Aug 11, 2026
HKBN has announced a change in its corporate governance team, with company secretary and authorised representative Ms. Ng Yuk Yee Feona resigning effective 11 August 2026, while confirming she has no disagreement with the board and no issues requi...
HKBN Reshapes Board with New Executive Director and Committee Changes
Aug 6, 2026
HKBN has announced changes to its senior leadership, with executive director Lei Liqun resigning from the board and the remuneration committee effective 6 August 2026 to focus on personal commitments, and confirming no disagreement with the board ...
HKBN Restructures Board Roles and Strengthens Governance Committees
Aug 6, 2026
HKBN Ltd. has updated its board composition, naming Ling Hao as chairman and executive director alongside two other executive directors, one non-executive director and three independent non-executive directors, reflecting a governance structure th...
HKBN Revises China Mobile Linked Agreements and Caps After Year-End Change
Jul 2, 2026
HKBN has entered into 2026 supplemental agreements with CMHK and CMI to amend the scope of services under existing master agreements and renew their term, while revising annual transaction caps following a change in its financial year-end from 31 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.