HKT Trust and HKT Limited (6823.HK) stock analysis
In our weekly check, HKT Trust and HKT Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 6, red flags: 2.
About HKT Trust and HKT Limited
HKT Trust and HKT Limited is a Communication Services company (Telecommunications Services) based in Hong Kong, listed on HKSE as 6823.HK.
What our checks show for 6823.HK
Red flags
- Operating profit does not cover the interest bill (0.6x): interest is paid from cash or new debt.
- The dividend takes 896% of profit: little cushion if profit falls.
Warning signs
- Net debt is 3.1x a year of EBITDA (debt/equity 1.43). That limits room in a downturn and raises refinancing risk.
- The gross margin fell by 2.5 points, to 31.7%: costs are rising faster than prices.
- Analysts expect only about 2.1% a year of growth in revenue.
- Revenue grew only 2.3% a year over the last 3 years.
- Recovering from its deepest fall took about 2.7 years.
- Return on capital (ROCE) is only 8.9%.
Strengths
- Operating cash flow is 2.2x net profit: the profit arrives as real cash.
- Free cash flow is 16.7% of revenue: cash for dividends, buybacks or growth.
- A large company: market value $11.74 billion.
- The price moves calmly: 14.6% annual volatility.
- Beta 0.44: the stock usually moves less than the market.
- Actively traded: about 7.3 million shares a day.
Similar companies
CMCSA · TEL2-B.ST · AMX · Z74.SI · 600050.SS · DTEGF
Questions
What grade does HKT Trust and HKT Limited (6823.HK) have?
In our weekly check, HKT Trust and HKT Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 6, red flags: 2. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of 6823.HK stock?
This week's biggest flags for HKT Trust and HKT Limited: Weak interest cover, Dividend stretched, High debt. In total 8 of 25 checks show a warning or a red flag.
What does HKT Trust and HKT Limited do?
HKT Trust and HKT Limited is a Communication Services company (Telecommunications Services) based in Hong Kong, listed on HKSE as 6823.HK.
The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.
Updated 2026-10-31
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