Elevator Pitch
I maintain my Neutral rating on Hong Kong-listed Macau telecommunications services provider Citic Telecom International Holdings Ltd. (OTC:CCTTF) [1883:HK].
This is an update of my prior article on Citic Telecom published on March 20, 2020. Citic Telecom's share price has increased by +9% from HK$2.33 as of March 19, 2020 to HK$2.54 as of September 14, 2020, since my last update. Citic Telecom trades at 5.8 times consensus forward FY 2021 EV/EBITDA, and it offers a consensus forward FY 2021 dividend yield of 9.1%.
Citic Telecom maintained its interim dividend of