HKBN Ltd.

SEHK:1310 Stock Report

Market Cap: HK$8.8b

HKBN Future Growth

Future criteria checks 4/6

HKBN is forecast to grow earnings and revenue by 43.8% and 1.7% per annum respectively. EPS is expected to grow by 43.6% per annum. Return on equity is forecast to be 34.8% in 3 years.

Key information

43.8%

Earnings growth rate

43.64%

EPS growth rate

Telecom earnings growth8.6%
Revenue growth rate1.7%
Future return on equity34.83%
Analyst coverage

Low

Last updated27 Apr 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 24

1310: Year-End Alignment And Interim Dividend Will Support Bullish Case

Analysts have kept their HKBN fair value estimate steady at HK$7.30, but a slightly lower discount rate and a marginally reduced future P/E assumption have led to a modest trim in their overall price target narrative for the stock. What’s in the News for HKBN HKBN changed its financial year end from 31 August to 31 December with immediate effect, aligning the company’s reporting calendar with controlling shareholder China Mobile Hong Kong Company Limited and the wider China Mobile group.
Narrative Update • Jun 04

1310: Interim Dividend Decision Will Support Bullish Case Despite Higher Discount Rate

Analysts are maintaining HKBN's fair value estimate at HK$7.30, with only modest adjustments to underlying assumptions, including a slightly higher discount rate and a small change to the forward P/E applied in their price target analysis. What's in the News HKBN has scheduled a board meeting for Apr 24, 2026, to approve the announcement of interim results for the six months ended Feb 28, 2026.
Narrative Update • May 03

1310: Fair Value Update Will Weigh Dividend Prospects And Lower Forward P/E

Analysts have raised HKBN's fair value estimate from HK$6.50 to HK$7.30, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E as the key drivers behind the change. What's in the News A board meeting is scheduled for April 24, 2026, to approve the announcement of interim results for the six months ended February 28, 2026 (Key Developments).
Narrative Update • Apr 18

1310: Lower Forward P/E And Interim Dividend Decision Will Sustain Overvaluation Risk

Analysts have trimmed their HKBN price target to HK$14.26 from HK$17.46, reflecting the new assumed forward P/E of 14.26x versus 17.46x, while keeping fair value and key operating assumptions broadly unchanged. What's in the News Board meeting scheduled for Apr 24, 2026 to approve the announcement of interim results for the six months ended Feb 28, 2026, giving you a clear date to watch for fresh financial disclosures (Key Developments).
Narrative Update • Apr 02

1310: Distribution Agreement Will Sustain Risk Of Persistent Share Overvaluation

Analysts have kept their HKBN fair value unchanged at HK$6.50, with only minor tweaks to assumptions such as discount rate, profit margin and future P/E, underpinning a marginally lower price target. What's in the News HKBN entered into a Distribution Framework Agreement with Venustech for the supply, purchase and distribution of network security products and solutions in Hong Kong and Macao, running from the agreement date to 31 December 2028, with exclusive distribution rights for Venus Firewall products in the first year.
Narrative Update • Mar 18

1310: Distribution Agreement Will Sustain Risk Of Persistent Share Overvaluation

Analysts have kept their HKBN price target effectively unchanged at about HK$6.50, reflecting only slight tweaks to assumptions such as discount rate and future P/E, rather than any shift in their overall view of the shares. What's in the News HKBN entered into a Distribution Framework Agreement with Venustech for the supply, purchase and distribution of network security products and solutions services in Hong Kong and Macao, with the term running from the agreement date to 31 December 2028.
Narrative Update • Mar 03

1310: Exclusive Distribution Deal And Dividend Will Sustain Risk Of Overvaluation

Analysts have kept their HKBN fair value estimate steady at HK$6.50, with only minor tweaks to inputs such as discount rate, revenue growth, profit margin, and future P/E. They view these as refinements rather than a shift in their overall assessment.
Narrative Update • Feb 17

1310: Dividend Payout And New Distribution Agreement Will Support Balanced Risk Profile

Analysts have kept their HKBN fair value estimate unchanged at HK$6.50, with a slightly lower discount rate and a marginally reduced forward P/E assumption helping to fine tune their price target while keeping the overall valuation view intact. What's in the News HKBN entered into a Distribution Framework Agreement with Venustech for the supply, purchase and distribution of network security products and solutions services in Hong Kong and Macao, running from the agreement date to 31 December 2028 (Key Developments).
Narrative Update • Feb 02

1310: Future Dividends And Distribution Agreement Will Support Balanced Risk Profile

Analysts have trimmed their price targets on HKBN, with a lower profit margin outlook and a higher assumed future P/E of 17.70x, while slightly adjusted discount rate and revenue growth assumptions keep fair value around HK$6.50. What's in the News A board meeting is scheduled for 7 January 2026 to consider and approve the Distribution Framework Agreement and other matters (Key Developments).
Narrative Update • Jan 19

1310: Future Dividends And New Distribution Agreement Will Support Balanced Risk Profile

Analysts have maintained their HKBN fair value estimate at HK$6.50, citing only minor adjustments to assumptions for discount rate, revenue growth and profit margins as the main reasons for keeping their price target essentially unchanged. What's in the News Board meeting held on 7 January 2026 to consider and approve a Distribution Framework Agreement and other matters.
Narrative Update • Jan 04

1310: Future Dividend Payouts Will Support Stable Earnings And Balanced Risk Profile

Analysts have modestly raised their price target on HKBN, highlighting the stock's improved risk profile. This is driven by a slightly higher expected future earnings multiple and updated discount rate assumptions, despite unchanged fair value estimates around HK$6.50 per share.
Narrative Update • Dec 17

1310: Dividend Outlook Will Support Stable Earnings Profile Amid Modest Risk Shift

Analysts have trimmed their price target on HKBN slightly, to HK$6.50 from HK$6.50. This reflects a marginally higher perceived risk profile driven by a modest increase in the discount rate, even as revenue growth, profit margins and valuation multiples remain effectively unchanged.
Narrative Update • Dec 02

1310: Acquisition Completion And Leadership Change Will Support Steady Outlook Amid Uncertainty

Analysts have maintained their price target for HKBN at $6.50, citing small improvements in the discount rate and future price-to-earnings ratio as supporting factors for their steady outlook. What's in the News China Mobile Hong Kong Company Limited completed the acquisition of an 88.03% stake in HKBN Ltd.
Narrative Update • Nov 18

1310: Acquisition And Leadership Transition Will Shape Stability Amid Industry Shifts

Narrative Update on HKBN Price Target Analysts have maintained their price target for HKBN at $6.50, citing stable revenue growth projections and only marginal shifts in key financial metrics as the basis for their unchanged stance. What's in the News China Mobile Hong Kong Company Limited completed the acquisition of a 78.08% stake in HKBN Ltd.
Narrative Update • Nov 03

1310: Majority Stake Acquisition And Leadership Change Will Shape Future Prospects

Analysts have maintained their price target for HKBN at $6.50. They cite adjustments to discount rate, revenue growth, and profit margin assumptions that balance out to keep the fair value estimate unchanged.
Narrative Update • Oct 20

GigaFast And CyberZafe Deployment Will Expand Global Networks

Analysts have raised their price target for HKBN from $5.69 to $6.50. This change reflects improved profit margins, even though projected revenue growth is expected to be softer.
User avatar
New Narrative • Feb 17

Subscription-Based ICT Services Will Strengthen Future Earnings Stability

Integrating SI and Telecom businesses enhances service offerings, while ICT strategy boosts revenue growth and margins.
Analysis Article • Apr 28

HKBN (HKG:1310) Has Announced That Its Dividend Will Be Reduced To HK$0.20

HKBN Ltd. ( HKG:1310 ) is reducing its dividend from last year's comparable payment to HK$0.20 on the 31st of May. The...
Analysis Article • Dec 21

Here's Why HKBN (HKG:1310) Has A Meaningful Debt Burden

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Dec 06

There Are Reasons To Feel Uneasy About HKBN's (HKG:1310) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Earnings and Revenue Growth Forecasts

SEHK:1310 - Analysts future estimates and past financials data (HKD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
8/31/202811,935959N/AN/A1
8/31/202711,703803N/AN/A1
8/31/202611,519573N/AN/A1
2/28/202611,4232071,2971,839N/A
11/30/202511,2762071,3491,875N/A
8/31/202511,1292071,4001,911N/A
5/31/202510,8521621,5562,014N/A
2/28/202510,5761161,7122,117N/A
11/30/202410,614631,7042,088N/A
8/31/202410,651101,6962,058N/A
5/31/202410,722-6391,5811,959N/A
2/29/202410,794-1,2891,4671,860N/A
11/30/202311,243-1,2781,4801,922N/A
8/31/202311,692-1,2671,4931,983N/A
5/31/202311,611-4981,4661,975N/A
2/28/202311,5302721,4381,966N/A
11/30/202211,5784131,3921,914N/A
8/31/202211,6265531,3461,862N/A
5/31/202211,8325081,4431,968N/A
2/28/202212,0374631,5402,074N/A
11/30/202111,7503351,6612,214N/A
8/31/202111,4642071,7822,354N/A
5/31/202111,3451101,7712,362N/A
2/28/202111,225131,7592,370N/A
11/30/202010,339551,6992,275N/A
8/31/20209,453971,6382,179N/A
5/31/20208,4001221,4491,958N/A
2/29/20207,3461471,2611,736N/A
11/30/20196,227181N/A1,544N/A
8/31/20195,108215N/A1,352N/A
5/31/20194,704285N/A1,248N/A
2/28/20194,299355N/A1,144N/A
11/30/20184,124376N/A1,110N/A
8/31/20183,949397N/A1,077N/A
5/31/20183,757381N/A1,034N/A
2/28/20183,566366N/A992N/A
11/30/20173,399269N/A946N/A
8/31/20173,232171N/A901N/A
5/31/20173,163163N/A890N/A
2/28/20173,093155N/A879N/A
11/30/20162,939200N/A903N/A
8/31/20162,784245N/A926N/A
5/31/20162,612265N/A880N/A
2/29/20162,441286N/A835N/A
11/30/20152,400133N/A770N/A
8/31/20152,341104N/A657N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1310's forecast earnings growth (43.8% per year) is above the savings rate (3%).

Earnings vs Market: 1310's earnings (43.8% per year) are forecast to grow faster than the Hong Kong market (12.6% per year).

High Growth Earnings: 1310's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1310's revenue (1.7% per year) is forecast to grow slower than the Hong Kong market (8.9% per year).

High Growth Revenue: 1310's revenue (1.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1310's Return on Equity is forecast to be high in 3 years time (34.8%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 16:43
End of Day Share Price 2026/07/13 00:00
Earnings2026/02/28
Annual Earnings2025/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HKBN Ltd. is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wen DuBarclays
Wai Kit ChuBofA Global Research
Kai QianChina International Capital Corporation Limited