HKTTY - HKT Trust And HKT Limited: Stable And Defensive Characteristics Of This Yield Play Priced In
Elevator Pitch
I like Hong Kong-listed telecommunications services operator HKT Trust and HKT Limited (OTCPK:HKTTY) (OTCPK:HKTTF) [6823:HK] for its attractive 5.6% forward FY2019 dividend yield and its stable growth prospects in its various business segments.
HKT's broadband and enterprise businesses benefit from consumers upgrading to fiber and enterprises pushing for digital transformation respectively. In the mobile segment, HKT has steered clear of price competition leveraging on its multi-brand strategy and loyalty program. A call option in the mid-to-long term is HKT's participation in the virtual banking business in Hong Kong via