Company Update: Surfing on the digitalisation wave
- Residential and enterprise business to grow by 1.4% and 14% y-o-y in FY8/24, accelerating from -1.7% and 9% growth in FY8/23, respectively
- Raised AFF forecasts by 6-7% for FY8/24-FY8/26, on higher residential and enterprise business revenue assumptions
- Forecast AFF to grow by 3.1%, 9.6%, and 6.4% for FY8/24-FY8/26, respectively
- Maintain BUY on attractive dividend yield of 12%; TP of HK$5.7
