Company Update: Still a trusted choice
- Expect local data services revenue to grow by 4% y-o-y in FY24, supported by higher residential ARPU and enterprise business
- Mobile roaming recovery on track; expect revenue reach 90% of the pre-COVID level in FY24
- We expect AFF to grow by 2%, 4%, and 4% for FY23, FY24, and FY25, respectively
- Maintain BUY on attractive dividend yield of c.9%; TP of HK$13.1
