HKT Trust hits 1-month low as H1 profit falls, group MD retires

HKT Trust and HKT

07/08/2018 03:46

** Share Stapled Unit of HKT Trust and HKT Ltd  6823.HK 
falls 2.9 pct to HK$10.12, its lowest since July 6, after the
telecoms firm posts a decline in first half profit 
    ** The telecommunications services firm posts a 12.7 pct
fall in H1 profit. It also says its group managing director Alex
Arena will retire with effect from end-August
 urn:newsml:reuters.com:*:nL5N1UX1YG urn:newsml:reuters.com:*:nFWN1UX100
    ** As of the previous close, the Share Stapled Unit had
risen 4.62 percent so far this year 
    ** HKT Trust and HKT Ltd has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 6.1 percentage
points in the past one month
    ** As of 0216 GMT, about 2.57 million Share Stapled Unit of
the Hong Kong-based company changed hands, compared with their
30-day moving average of 5.02 million Share Stapled Unit a day
    ** Among the 10 analysts that cover HKT Trust and HKT Ltd,
the current average rating on the Share Stapled Unit is "buy";
the breakdown of recommendations is 8 "strong buy" or "buy", and
two "hold". The analyst mean price target is HK$11.71
    ** Hong Kong benchmark index  .HSI  gains 0.2 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)