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Hong Kong-based provider of international telecom and ICT services, including cross-border enterprise connectivity, under the CITIC group.
Hong Kong-based provider of international telecom and ICT services, including cross-border enterprise connectivity, under the CITIC group.
Sells connectivity and managed network services to multinational companies in China and Asia, usually on multi-year contracts, while holding a controlling stake in CTM, Macau's long-established operator, which gives it a steady base of local subscribers. It belongs to the CITIC group.
In one line: A HK CITIC-backed international carrier/ICT services provider.
Moat: narrow (regulatory licence, installed base). Licensed international gateway/carrier infrastructure and long-standing carrier relationships.
Headquarters: Hong Kong · Founded: 1999 · Employees: 2,416
Size CITIC Telecom International (1883.HK) is a Hong Kong Communication Services company (Specialty Telecommunications) with a market value of $1.14B, the 569th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.40 on 6 Nov 2026.
Performance Over six months the shares fell 14.4%, against -12.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +5.3%); the operating margin is 12.4% (peer median 6.8%).
Valuation It trades at 9.2× forward earnings against a peer median of 24.9× (2nd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (5.9% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$9.51B | HK$9.57B | HK$9.57B | HK$9.99B | HK$10.1B |
| Revenue growth | — | 0% | -4% | -1% | — |
| Gross profit | HK$1.86B | HK$1.83B | HK$1.80B | HK$2.19B | HK$2.25B |
| EBITDA | HK$1.87B | HK$1.90B | HK$1.96B | HK$2.55B | HK$2.66B |
| Net income | HK$922M | HK$920M | HK$910M | HK$1.23B | HK$1.19B |
| Free cash flow | HK$1.68B | HK$1.94B | HK$983M | HK$1.40B | HK$2.17B |
| Capital expenditure | HK$345M | HK$366M | HK$404M | HK$311M | HK$323M |
| Total debt | n/a | HK$3.56B | HK$4.23B | HK$4.27B | HK$4.97B |
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 |
|---|---|---|---|---|---|---|
| CITIC Telecom International 1883.HK | $1.14B | -14% | 0% | 12% | 9.2× | -10.5% |
| 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% |
| PCCW 0008.HK | $5.04B | -17% | +7% | 13% | 46.4× | 1.2% |
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 | 1883.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.8% | +0.8% | 11th highest of 21 |
| 6-month return | -14.4% | -12.3% | 9th lowest of 21 |
| Distance from 52-week high | -15.9% | -29.1% | 6th highest of 21 |
| Revenue growth (TTM) | +0.2% | +5.3% | 7th lowest of 21 |
| Operating margin | 12.4% | 6.8% | 10th highest of 20 |
| Forward P/E | 9.2× | 24.9× | 2nd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -10.5% | 7.5% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +1.4% | +8.4% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -11.9 pp | -6.7 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +1.9 pp | +0.5 pp | 8th highest of 20 |
| EV / EBITDA | 5.6× | 9.7× | 2nd cheapest of 13 |
| Net debt / EBITDA | 0.8× | 1.2× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CITIC Telecom International 1883.HK | Hong Kong | $1.14B | -14% | 0% | 12% | 9.2× | -10.5% | +1.4% |
| Guomai Technologies 002093.SZ | China | $1.08B | -14% | +3% | 24% | n/a | 11.7% | +6.5% |
| Guangzhou Frontop Digital Creative Technology 301313.SZ | China | $1.02B | +90% | +1% | -31% | 93.0× | n/a | n/a |
| Ituran Location and Control ITRN | United States | $987M | -18% | +16% | 22% | 12.9× | -3.4% | +7.9% |
| Aussie Broadband ABB.AX | Australia | $968M | -13% | +9% | 7% | 14.7× | 13.1% | +29.9% |
| Net263 002467.SZ | China | $939M | -33% | +14% | -29% | n/a | n/a | n/a |
| StarHub CC3.SI | Singapore | $1.41B | +4% | -8% | 5% | 48.0× | 7.2% | +3.0% |
| cyber_Folks CBF.WA | Poland | $899M | +8% | +27% | n/a | 40.2× | n/a | n/a |
| Macquarie Technology MAQ.AX | Australia | $890M | -34% | +6% | 15% | 58.2× | n/a | n/a |
| Tata Teleservices (Maharashtra) TTML.NS | India | $824M | -11% | -1% | 44% | n/a | 22.7% | +2.1% |
| Chief Telecom 6561.TWO | Taiwan | $796M | +2% | -1% | 39% | 19.7× | -0.7% | +9.0% |
| Telesat TSAT.TO | Canada | $644M | -18% | -24% | -8% | n/a | n/a | n/a |
| U-NEXT 9418.T | Japan | $2.04B | +17% | +20% | 6% | 17.6× | 0.4% | +17.7% |
| KINX 093320.KS | South Korea | $623M | +68% | +7% | 19% | 32.8× | 7.8% | +17.7% |
| Eastone Century Technology 300310.SZ | China | $575M | -24% | +3% | 0% | n/a | n/a | n/a |
| Juneyao Grand Healthy Drinks 605388.SS | China | $524M | -15% | +5% | -19% | n/a | n/a | n/a |
| Beijing Waluer Information Technology 301380.SZ | China | $440M | -14% | +7% | 7% | n/a | 16.4% | +16.4% |
| Helios Towers HTWS.L | United Kingdom | $3.05B | -8% | +6% | 36% | 30.1× | 13.4% | +15.0% |
| freenet FNTN.DE | Germany | $3.06B | -7% | +10% | 14% | 11.4× | -11.3% | -1.1% |
| Shunya International Martech (Beijing) 300612.SZ | China | $341M | -17% | -45% | -24% | n/a | n/a | n/a |
| PLDT, Inc. Sponsored ADR PHI | United States | $3.88B | -11% | -2% | 22% | 8.7× | -2.9% | +0.8% |