HK's Hutchison Telecommunications hits 3-mth high; MS raises rating, TP

Hutchison Telecommunications Hong Kong Holdings

17/09/2018 07:52

** Shares in Hutchison Telecommunications Hong Kong Holdings
Ltd  0215.HK  climb 4.3 pct to a 3-month peak
    ** Stock set for its best day since last December 
    ** Morgan Stanley upgraded the firm's rating to "buy" and
raised the target price to HK$ 3.4 from HK$ 3.2, on expectation
of continued growth in Hong Kong's telecom industry
    ** As of its last close, stock had fallen 10.19 percent so
far this year
    ** The company has underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 1.8 percentage points in the
past one month
    **  About 15.95 million shares of the company have been
traded, about 499.6 percent of their 30-day moving average of
3.19 million shares a day
    ** Hong Kong benchmark index  .HSI  falls 1.03 pct
    

 ((Reuters Messaging: Cheng.Li.thomsonreuters.com@reuters.net))