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PCCW Limited ( (HK:0008) ) just unveiled an update.
PCCW, HKT Trust and HKT have entered into a new set of continuing connected transaction agreements with the FWD Group covering telecommunications, insurance-related, and branding and marketing services for a further three-year term ending 31 December 2028, replacing existing arrangements that expire at the end of 2025. Because FWD is controlled by PCCW and HKT executive Richard Li, the deals are classified as connected transactions under Hong Kong listing rules, with the applicable transaction size ratios falling between 0.1% and 5% for most of the framework agreements, triggering announcement, reporting and annual review requirements but exempting them from independent shareholders’ approval, while the branding and marketing framework with HKT is small enough to be fully exempt from disclosure and review obligations.
The most recent analyst rating on (HK:0008) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on PCCW Limited stock, see the HK:0008 Stock Forecast page.
More about PCCW Limited
PCCW Limited is a Hong Kong-based telecommunications and media group whose core businesses include fixed-line and mobile communications, internet services and related technology solutions, while HKT Trust and HKT Limited operate the group’s principal telecom services platform in Hong Kong. The companies also engage in branding, marketing and value-added service collaborations with partners in adjacent sectors, such as insurance, to deepen customer engagement and diversify revenue streams.
Average Trading Volume: 7,301,988
Technical Sentiment Signal: Buy
Current Market Cap: HK$45.22B
Learn more about 0008 stock on TipRanks’ Stock Analysis page.