Hutchison Telecommunications Hong Kong Holdings Ltd
SWB:4C6
Hutchison Telecommunications Hong Kong Holdings Ltd
Hutchison Telecommunications Hong Kong Holdings Ltd. engages in the provision of mobile and fixed-line telecommunications services. The company employs 1,045 full-time employees The company went IPO on 2009-05-08. The company provides 5G, 4G long-term evolution (4G LTE), 3G and global system for mobile communications (GSM) dual-band mobile telecommunications services under the '3' brand.
Hutchison Telecommunications Hong Kong Holdings Ltd. engages in the provision of mobile and fixed-line telecommunications services. The company employs 1,045 full-time employees The company went IPO on 2009-05-08. The company provides 5G, 4G long-term evolution (4G LTE), 3G and global system for mobile communications (GSM) dual-band mobile telecommunications services under the '3' brand.
Revenue Decline: Total revenue dropped by 9% to HKD 4,882 million, mainly due to a significant fall in hardware sales from supply chain issues.
Service Revenue Growth: Service revenue rose 1% to HKD 3,278 million, buoyed by a 14% rebound in roaming revenue and higher local service activity in the second half.
Net Loss: The company reported a net loss of HKD 158 million, attributed to lower hardware revenue, higher depreciation, and increased spectrum costs.
5G Penetration: 5G penetration on Hong Kong postpaid customers reached 30%, up 9 percentage points, with strong growth in both upgrades and new sales.
Cash Position: Cash and bank balances remained healthy at HKD 3.7 billion, with management open to considering special dividends or investments based on future needs.
CapEx Peaked: Capital expenditure fell 43%, as 5G-related investment peaked, helping boost free cash flow.
Dividend Maintained: A final dividend of HKD 5.21 per share was recommended, keeping payout steady at the HKD 361 million level until annual net profit exceeds this amount.
Roaming Recovery: Roaming revenue recovered to 50% of pre-pandemic levels by January 2023 and is expected to further improve as travel resumes.
