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Hong Kong broadband internet, fixed-line and enterprise telecom services provider.
Hong Kong broadband internet, fixed-line and enterprise telecom services provider.
Residential subscriptions bring steady monthly fees, while enterprise customers pay for connectivity, cloud and managed services under multi-year contracts. The 2017 purchase of Wharf T&T, a business-network operator, expanded the enterprise side.
In one line: A Hong Kong regional ISP/telecom operator, like a smaller Comcast Business.
Moat: narrow (installed base, distribution). Extensive fiber network built over years across Hong Kong, competing against HKT/PCCW in a mature market.
Headquarters: Hong Kong · Founded: 1999 · Employees: 3,588
Size HKBN (1310.HK) is a Hong Kong Communication Services company (Major Telecommunications) with a market value of $1.02B, the 589th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.42 on 6 Nov 2026.
Performance Over six months the shares fell 25.0%, against -17.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +1.9%); the operating margin is 3.0% (peer median 10.0%).
Valuation It trades at 10.1× forward earnings against a peer median of 18.4× (3rd cheapest of 13).
Capital Return on invested capital runs 2.8 points below its cost of capital (5.2% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | HK$11.8B | HK$11.8B | HK$11.1B | HK$10.7B | HK$11.7B |
| Revenue growth | — | +6% | +4% | -9% | — |
| Gross profit | HK$2.63B | HK$2.63B | HK$2.58B | HK$2.51B | HK$2.61B |
| EBITDA | HK$1.82B | HK$2.52B | HK$2.43B | HK$2.42B | HK$2.36B |
| Net income | HK$317M | HK$317M | HK$207M | HK$10.3M | -HK$1.27B |
| Free cash flow | n/a | n/a | HK$796M | HK$954M | HK$882M |
| Capital expenditure | n/a | n/a | HK$511M | HK$363M | HK$489M |
| Total debt | n/a | HK$11.2B | HK$11.3B | HK$11.5B | HK$11.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| HKBN 1310.HK | $1.02B | -25% | +6% | 3% | 10.1× | n/a |
| HKT Trust and HKT 6823.HK | $11.9B | -2% | +7% | 22% | 16.8× | -3.1% |
| China Unicom 0762.HK | $21.3B | -26% | +4% | 2% | 8.2× | -8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1310.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | +0.8% | 8th lowest of 21 |
| 6-month return | -25.0% | -17.1% | 8th lowest of 21 |
| Distance from 52-week high | -35.4% | -33.4% | 10th lowest of 21 |
| Revenue growth (TTM) | +6.2% | +1.9% | 7th highest of 21 |
| Operating margin | 3.0% | 10.0% | 6th lowest of 21 |
| Forward P/E | 10.1× | 18.4× | 3rd cheapest of 13 |
| ROIC minus cost of capital | -2.8 pp | -2.0 pp | 8th lowest of 18 |
| EV / EBITDA | 9.9× | 10.3× | 8th cheapest of 16 |
| Net debt / EBITDA | 5.5× | 2.1× | 4th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HKBN 1310.HK | Hong Kong | $1.02B | -25% | +6% | 3% | 10.1× | n/a | n/a |
| Hicon Network Technology (Shandong) 301262.SZ | China | $1.21B | +1% | +2% | 38% | 30.8× | 5.4% | +0.1% |
| Grupo Televisa, S.A.B. Sponsored ADR TV | United States | $1.24B | -18% | +6% | 11% | 9.9× | 1.1% | -7.5% |
| Uniti UNIT | United States | $1.27B | -54% | +200% | 10% | n/a | n/a | n/a |
| RailTel Corp. of India RAILTEL.NS | India | $817M | -31% | +23% | 10% | 18.8× | 31.3% | +25.4% |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 11.9× | -0.4% | +10.4% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 13.8× | -1.5% | +5.9% |
| Bahnhof BAHN-B.ST | Sweden | $681M | +12% | +8% | 11% | 25.2× | 10.9% | +8.5% |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | n/a | 0.5% | +3.4% |
| Shenandoah Telecommunications SHEN | United States | $534M | -40% | +6% | -3% | n/a | n/a | n/a |
| NOVA Technology 300921.SZ | China | $504M | -32% | +2% | 5% | n/a | 23.9% | +2.2% |
| Ooma OOMA | United States | $497M | -7% | +17% | 5% | 13.0× | 22.7% | +10.1% |
| IDT IDT | United States | $2.18B | +54% | +5% | 9% | 19.5× | 5.7% | -2.2% |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
| ATN International ATNI | United States | $432M | -1% | +2% | 8% | 31.5× | 4.5% | +9.8% |
| Ovzon OVZON.ST | Sweden | $417M | -26% | +77% | 26% | 18.0× | 13.1% | +35.6% |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | n/a | n/a | n/a |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 44.5× | 16.0% | +2.3% |
| Cogeco CGO.TO | Canada | $349M | -20% | -4% | 26% | 5.5× | -11.3% | +2.1% |
| Liberty Global LBTYB | United States | $3.09B | -17% | -27% | -1% | n/a | n/a | n/a |
| China Changbaishan International 0989.HK | Hong Kong | $318M | -27% | -71% | -48% | n/a | n/a | n/a |