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HKBN
(OTC:1310)
HKBN (1310) vs. iShares MSCI Hong Kong ETF (EWH)
HKBN Business Overview & Revenue Model
HKBN Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 10.65B | 11.69B | 11.63B | 11.46B | 9.45B | Gross Profit |
| 2.51B | 2.61B | 2.84B | 2.80B | 2.71B | EBIT |
| 901.00M | 758.30M | 976.63M | 857.23M | 640.27M | EBITDA |
| 2.14B | 1.21B | 2.83B | 2.59B | 2.60B | Net Income Common Stockholders |
| 10.28M | -1.27B | 553.32M | 206.87M | 97.17M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.22B | 1.03B | 1.21B | 1.42B | 716.97M | Total Assets |
| 17.67B | 18.15B | 20.43B | 21.77B | 22.12B | Total Debt |
| 11.47B | 11.49B | 11.73B | 11.78B | 11.11B | Net Debt |
| 10.25B | 10.48B | 10.60B | 10.36B | 10.43B | Total Liabilities |
| 15.11B | 15.10B | 15.50B | 16.23B | 15.66B | Stockholders Equity |
| 2.55B | 3.05B | 4.92B | 5.54B | 6.46B |
| Cash Flow | Free Cash Flow | |||
| 1.70B | 881.57M | 918.28M | 1.36B | 1.21B | Operating Cash Flow |
| 2.06B | 1.37B | 1.43B | 1.93B | 1.75B | Investing Cash Flow |
| -352.62M | -464.32M | -311.54M | -586.60M | -904.51M | Financing Cash Flow |
| -1.50B | -1.63B | -1.51B | -502.38M | -834.02M |
HKBN Technical Analysis
HKBN Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $4.83B | 10.06 | 9.25% | 8.21% | -0.35% | 86.29% | |
77 Outperform | HK$31.65B | 8.09 | 8.19% | 5.51% | -0.99% | -1.64% | |
71 Outperform | $8.40B | 9.35 | 8.46% | 8.30% | -4.15% | -26.13% | |
62 Neutral | HK$40.54B | ― | -14.69% | 7.30% | 3.33% | 36.39% | |
62 Neutral | HK$4.72B | 833.33 | 0.06% | 8.01% | -2.33% | ― | |
61 Neutral | $14.37B | 5.86 | -4.31% | 3.69% | 2.75% | -35.55% | |
51 Neutral | HK$7.31B | 55.69 | 4.51% | 6.48% | -2.02% | ― |
HKBN Corporate Events
HKBN Ltd. announced an update regarding its securities, noting the cancellation of 257,984 unvested restricted share units due to employee departures. This announcement is part of ongoing developments related to a potential takeover offer by China Mobile Hong Kong Company Limited, which has yet to be finalized and remains subject to certain conditions. Stakeholders are advised to stay informed about disclosure obligations related to the company’s securities under the Takeovers Code.
The most recent analyst rating on (HK:1310) stock is a Buy with a HK$3.30 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
HKBN Ltd. has announced an update regarding a potential separate offer involving I Squared Asia Advisors Pte Ltd. Discussions and evaluations are ongoing, and no definitive agreement has been reached. The outcome of these negotiations could impact HKBN’s market positioning and operations, but there is no assurance that an offer will be made. Stakeholders are advised to exercise caution as the process unfolds.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
China Mobile Hong Kong Company Limited has announced a pre-conditional voluntary general cash offer to acquire all issued shares in HKBN Ltd., excluding those already owned by China Mobile and its affiliates. The offer price has been confirmed at HK$5.075 per share, adjusted for the interim dividend declared by HKBN, while the 2024 final dividend will not affect the offer price. This acquisition move by China Mobile is significant as it could potentially reshape its market position and influence stakeholders by consolidating its presence in the telecommunications industry.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
HKBN Ltd. has announced updates related to the potential acquisition by China Mobile Hong Kong Company Limited, which involves a pre-conditional voluntary general cash offer. The announcement highlights the cancellation of certain unvested restricted share units due to an employee resignation and reminds associates to disclose dealings in relevant securities. The outcome of the China Mobile offer remains uncertain as it is contingent upon the fulfillment of specific pre-conditions and conditions.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
HKBN Ltd. announced the resignation of Mr. Zubin Jamshed Irani as a Non-executive Director and member of the audit and remuneration committees, effective May 13, 2025. This follows the sale of shares by TPG to China Mobile Hong Kong Company Limited, resulting in TPG ceasing to hold any interest in HKBN. The company has appointed Ms. Ming Ming Anna Cheung as a new member of the Audit Committee. This change reflects the ongoing shift in the company’s shareholder structure and board composition, potentially impacting its strategic direction and governance.
The most recent analyst rating on (HK:1310) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on HKBN stock, see the HK:1310 Stock Forecast page.
China Mobile Hong Kong Company Limited is progressing with a pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd., not already owned by them, through China International Capital Corporation Hong Kong Securities Limited. The company has received approval from the State-Owned Assets Supervision and Administration Commission and is actively engaging with relevant authorities to satisfy pre-conditions for the offer. The deadline for the offer document dispatch has been extended, and the company is finalizing the necessary information for its release.
China Mobile Hong Kong Company Limited has completed the acquisition of shares in HKBN Ltd., marking a significant step in its strategic expansion. The transaction, finalized on May 7, 2025, results in China Mobile Hong Kong and its affiliates holding approximately 15.46% of HKBN’s total issued share capital, potentially impacting the competitive landscape and stakeholder interests in the telecommunications sector.
HKBN Ltd. has announced an ongoing evaluation of a Possible Separate Offer involving discussions with I Squared Asia Advisors Pte Ltd. and HGC Global Communications Limited. The company has not yet reached any definitive agreement, and any potential offer will depend on internal approvals. Monthly updates will be provided as required under the Takeovers Code, and stakeholders are advised to exercise caution as there is no assurance of an offer being made.
HKBN Ltd. announced its interim results for the six months ending February 28, 2025, reporting a 1% decrease in total revenue to HK$5,734 million due to weaker handset sales, despite a 4% increase in revenue excluding handsets. The company achieved a 5% increase in EBITDA to HK$1,206 million, driven by strong operational performance and strategic growth initiatives. Net profit surged from HK$1.5 million to HK$108 million, attributed to operational efficiencies and reduced finance costs. The board declared an interim dividend of 15.5 cents per share, reflecting its commitment to long-term shareholder value.
HKBN Ltd. has announced an interim cash dividend of HKD 0.155 per share for the six months ending February 28, 2025. This announcement reflects the company’s ongoing commitment to delivering shareholder value and may positively impact its market positioning by demonstrating financial stability and rewarding investors.
HKBN Ltd. announced the conversion of Vendor Loan Notes held by TPG into shares, resulting in TPG holding approximately 15.46% of the company’s total shares. This development is part of ongoing corporate activities involving a potential acquisition offer by China Mobile, which has been delayed but remains a significant factor in HKBN’s strategic positioning and market dynamics.
China Mobile Hong Kong Company Limited is proceeding with the acquisition of shares in HKBN Ltd. from TPG Wireman, L.P. The acquisition involves the conversion of a Vendor Loan Note into shares, which is expected to be completed by April 24, 2025. The completion of this transaction is not contingent upon any other conditions, and both parties intend to finalize the acquisition as soon as practicable. The agreement includes provisions for termination under specific circumstances, ensuring both parties have recourse if obligations are not met.
China Mobile Hong Kong Company Limited, through its financial adviser China International Capital Corporation Hong Kong Securities Limited, has announced a pre-conditional voluntary general cash offer to acquire all issued shares of HKBN Ltd. not already owned by it. The company has received approval from the State-owned Assets Supervision and Administration Commission of the State Council, marking a significant step forward in the acquisition process. However, approvals from the National Development and Reform Commission and the Ministry of Commerce are still pending. The acquisition is part of China Mobile Hong Kong’s strategic expansion, potentially impacting its market positioning and stakeholder interests.
HKBN Ltd. has announced that its board of directors will meet on April 25, 2025, to approve the interim results for the six months ending February 28, 2025, and consider the payment of an interim dividend. This meeting is significant for stakeholders as it will provide insights into the company’s financial health and potential returns on investment.
China Mobile Hong Kong Company Limited has entered into a Share Purchase Agreement with TPG Wireman, L.P. to acquire shares in HKBN Ltd. This acquisition involves purchasing 144,966,345 shares, representing approximately 10.39% of HKBN’s issued share capital, along with converting and acquiring Vendor Loan Note Conversion Shares, which will result in China Mobile owning approximately 15.46% of HKBN’s enlarged issued share capital. This strategic move is expected to enhance China Mobile’s market position and influence within the telecommunications sector, potentially impacting stakeholders by increasing China Mobile’s shareholding and control over HKBN.
HKBN Ltd. has announced an update regarding ongoing discussions with I Squared Asia Advisors Pte Ltd. concerning a potential separate offer. The company has not yet reached any formal agreement, and I Squared Asia Advisors is finalizing the terms of a possible offer, which will be subject to internal approvals. HKBN will continue to provide monthly updates as per the Takeovers Code, and stakeholders are advised to exercise caution as there is no assurance that an offer will be made.
HKBN Ltd., a telecommunications company, is the subject of a pre-conditional voluntary general cash offer by China Mobile Hong Kong Company Limited. The offer is being facilitated by China International Capital Corporation Hong Kong Securities Limited, aiming to acquire all issued shares not already owned by China Mobile. The process is ongoing, with China Mobile actively engaging with regulatory authorities to satisfy pre-conditions. The offer document’s dispatch has been delayed, with a new deadline set, contingent on the satisfaction of pre-conditions.
HKBN Ltd. announced the conversion of Vendor Loan Notes held by Twin Holding Ltd into shares, increasing Twin Holding’s stake to approximately 16.39% of the company’s total shares. This conversion is part of ongoing developments related to a possible acquisition offer by China Mobile, which may impact HKBN’s market positioning and shareholder dynamics.