HKBN Ltd
OTC:HKBNF
HKBN Ltd
HKBN Ltd. is an investment holding company, which engages in the provision of fixed telecommunications network services. The company employs 5,218 full-time employees The company went IPO on 2015-03-12. The firm provides ICT services to both enterprise and residential markets, including broadband, data connectivity, managed Wi-Fi, mobile, voice communications services. The firm also engages in provision of integrated cloud solutions, data center services, information security services, business continuity and system integration services.
HKBN Ltd. is an investment holding company, which engages in the provision of fixed telecommunications network services. The company employs 5,218 full-time employees The company went IPO on 2015-03-12. The firm provides ICT services to both enterprise and residential markets, including broadband, data connectivity, managed Wi-Fi, mobile, voice communications services. The firm also engages in provision of integrated cloud solutions, data center services, information security services, business continuity and system integration services.
Results Hold Up: HKBN reported a resilient first half of FY22, with core telecom business described as solid despite ongoing market competition and pandemic headwinds.
Dividend Maintained: Interim dividend per share was HKD 0.40, matching the previous full-year run rate and demonstrating HKBN's commitment to shareholder returns.
Strategic Partnerships: The company deepened key partnerships with firms like Disney+, 3 Hong Kong, StarHub, and UiPath, aiming to layer high-margin services atop their existing customer base.
Subscriber Growth Focus: Management is pursuing aggressive price competition to expand its broadband and 5G customer base, with 5G and Disney+ bundles supporting fixed broadband retention and growth.
Operational Efficiency: Headcount reduced from 5,700 to 4,700 over 12 months, contributing to stronger EBITDA and a leaner structure.
Positive Outlook: Management expects the second half of FY22 to be as good or better than the first, with full-year dividend payout anticipated to normalize to 100% of AFF.
