Elevator Pitch
I maintain my "Neutral" rating on Hong Kong-listed telecommunications services operator HKT Trust and HKT Limited (HKTTY) (HKTTF) [6823:HK]. This is an update of my initiation article on HKT Trust published on August 14, 2019.
The current coronavirus outbreak is expected to have a mixed impact on HKT Trust, with potentially lower roaming revenue offset by higher data usage. HKT Trust is favored as a defensive yield play in this current risk-off environment due to the coronavirus outbreak, and it has growth opportunities in 5G, corporate digitization, and digital banking.
However, a "Neutral"