HKT(HK:06823) 智通财经网·2025-10-17 03:51Core Viewpoint - UBS reports that the potential revocation of telecommunications service licenses for Hong Kong Telecom-SS (06823) by the FCC will have a limited impact on the company's profitability due to its minimal exposure to the U.S. market, which accounts for less than 1% of total revenue [1] Summary by Category - Regulatory Impact - The FCC's proposed ban is not expected to significantly affect Hong Kong Telecom's earnings as the U.S. market represents a small portion of its overall revenue [1] - Financial Metrics - The business in the U.S. has a relatively low profit margin, further mitigating the potential impact of the regulatory changes [1] - Investment Outlook - UBS forecasts an attractive dividend yield of approximately 7.6% for 2026, which could support the stock price amid rising regulatory uncertainties [1] - The firm maintains a "Buy" rating on Hong Kong Telecom with a target price of HKD 13.4 [1]