HKT Trust (HKG:6823) DBS Favoured

HKT Trust (HKG:6823) DBS Favoured

HKT Trust (HKG:6823) DBS Favoured

  • “We favour HKT Trust & HKT, HKBN and Telekom Malaysia which provide stable dividend yields,” says DBS
  • PCCW to sell $1.1 bln HKT Trust units to fund core businesses
  • HKT Trust Plans Rights Issue
  • PCCW confirms it currently holds about 51.97% of share stapled units of HKT Trust and HKT Ltd

HKT Trust and HKT Limited is a Hong Kong-based provider of telecommunication services. The Company is mainly engaged in the provision of telecommunication and related services. The Company operates through three segments. Telecommunication Services segment provides local telephony, broadband access services, local and international data, international direct dials, maintenance and subcontracting services and teleservices. Mobile segment is engaged in telecommunication businesses in Hong Kong. Other Businesses segment includes corporate support businesses and businesses of its subsidiary, Keycom plc. Keycom plc is engaged in the provision of communications and multimedia services.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 10.33.

The projected lower bound is: 9.86.

The projected closing price is: 10.09.

HKT-SS closed up 0.040 at 10.100. Volume was 79% below average (consolidating) and Bollinger Bands were 62% narrower than normal.

Open         High         Low           Close         Volume
10.100      10.140      10.060      10.100      5,968,746

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period        50-period       200-period
Close:                      10.04                10.10               10.48
Volatility:               9                        15                     27
Volume:                 10,214,924      12,896,139      17,511,744

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

HKT-SS is currently 3.7% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of 6823.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on 6823.HK and have had this outlook for the last 5 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.6496. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 55.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 70 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 85. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 9 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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