Elevator Pitch
I like Hong Kong-listed telecommunications services operator HKBN Group Limited (OTC:HKBNF) (OTC:HKBNY) [1310:HK] for the synergies to be realized from its acquisition of enterprise solution company WTT Holding Corp. and its promising mid-term dividend growth target.
HKBN trades at 10.7 times consensus forward FY2020 (YE August) EV/EBITDA and 9.5 times consensus forward FY2021 EV/EBITDA, making it the most expensive Hong Kong telecommunications services operator on the basis of forward EV/EBITDA. The stock offers a trailing dividend yield of 5.0% and a consensus forward FY2020 dividend yield of 5.5%.
HKBN's