HKBN Past Earnings Performance
Past criteria checks 3/6
HKBN's earnings have been declining at an average annual rate of -14.8%, while the Telecom industry saw earnings growing at 1.5% annually. Revenues have been declining at an average rate of 1.4% per year. HKBN's return on equity is 9.8%, and it has net margins of 1.8%.
Key information
-14.77%
Earnings growth rate
-15.45%
EPS growth rate
| Telecom Industry Growth | 7.49% |
| Revenue growth rate | -1.42% |
| Return on equity | 9.77% |
| Net Margin | 1.81% |
| Next Earnings Update | 31 Oct 2026 |
Recent past performance 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.
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...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How HKBN makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Feb 26 | 11,423 | 207 | 30 | 0 |
| 30 Nov 25 | 11,276 | 207 | 28 | 0 |
| 31 Aug 25 | 11,129 | 207 | 27 | 0 |
| 31 May 25 | 10,852 | 162 | 29 | 0 |
| 28 Feb 25 | 10,576 | 116 | 30 | 0 |
| 30 Nov 24 | 10,614 | 63 | 29 | 0 |
| 31 Aug 24 | 10,651 | 10 | 27 | 0 |
| 31 May 24 | 10,722 | -639 | 34 | 0 |
| 29 Feb 24 | 10,794 | -1,289 | 42 | 0 |
| 30 Nov 23 | 11,243 | -1,278 | 52 | 0 |
| 31 Aug 23 | 11,692 | -1,267 | 62 | 0 |
| 31 May 23 | 11,611 | -498 | 147 | 0 |
| 28 Feb 23 | 11,530 | 272 | 233 | 0 |
| 30 Nov 22 | 11,578 | 413 | 302 | 0 |
| 31 Aug 22 | 11,626 | 553 | 372 | 0 |
| 31 May 22 | 11,832 | 508 | 371 | 0 |
| 28 Feb 22 | 12,037 | 463 | 370 | 0 |
| 30 Nov 21 | 11,750 | 335 | 370 | 0 |
| 31 Aug 21 | 11,464 | 207 | 370 | 0 |
| 31 May 21 | 11,345 | 110 | 363 | 0 |
| 28 Feb 21 | 11,225 | 13 | 356 | 0 |
| 30 Nov 20 | 10,339 | 55 | 376 | 0 |
| 31 Aug 20 | 9,453 | 97 | 397 | 0 |
| 31 May 20 | 8,400 | 122 | 397 | 0 |
| 29 Feb 20 | 7,346 | 147 | 397 | 0 |
| 30 Nov 19 | 6,227 | 181 | 385 | 0 |
| 31 Aug 19 | 5,108 | 215 | 373 | 0 |
| 31 May 19 | 4,704 | 285 | 444 | 0 |
| 28 Feb 19 | 4,299 | 355 | 515 | 0 |
| 30 Nov 18 | 4,124 | 376 | 565 | 0 |
| 31 Aug 18 | 3,949 | 397 | 615 | 0 |
| 31 May 18 | 3,757 | 381 | 312 | 0 |
| 28 Feb 18 | 3,566 | 366 | 10 | 0 |
| 30 Nov 17 | 3,399 | 269 | 12 | 0 |
| 31 Aug 17 | 3,232 | 171 | 15 | 0 |
| 31 May 17 | 3,163 | 163 | 50 | 0 |
| 28 Feb 17 | 3,093 | 155 | 85 | 0 |
| 30 Nov 16 | 2,939 | 200 | 48 | 0 |
| 31 Aug 16 | 2,784 | 245 | 12 | 0 |
| 31 May 16 | 2,612 | 265 | 221 | 0 |
| 29 Feb 16 | 2,441 | 286 | 430 | 0 |
| 30 Nov 15 | 2,400 | 133 | 414 | 0 |
| 31 Aug 15 | 2,341 | 104 | 399 | 0 |
Quality Earnings: 1310 has a large one-off loss of HK$138.5M impacting its last 12 months of financial results to 28th February, 2026.
Growing Profit Margin: 1310's current net profit margins (1.8%) are higher than last year (1.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1310's earnings have declined by 14.8% per year over the past 5 years.
Accelerating Growth: 1310's earnings growth over the past year (78%) exceeds its 5-year average (-14.8% per year).
Earnings vs Industry: 1310 earnings growth over the past year (78%) exceeded the Telecom industry 1.1%.
Return on Equity
High ROE: 1310's Return on Equity (9.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/01 19:22 |
| End of Day Share Price | 2026/07/31 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/08/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Wen Du | Barclays |
| Wai Kit Chu | BofA Global Research |
| Kai Qian | China International Capital Corporation Limited |