Asia300

PCCW Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Feb 23, 2018
Prev close: 4.52
Feb 23, 2018
Market cap:
Market cap(USD):
34,892.76M
4,459.31M
Shares: 7,719.63M

Currency in HKD

Company profile

Market(Ticker): HKG(8)
Sector:
Industry:
Communications
Major Telecommunications
Full time employees: --

Business summary

PCCW Ltd. is an investment holding company, which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses. It operates through the following business segments: HKT, Media Business, Solutions Business, Pacific Century Premium Developments, and Other businesses. The HKT segment provides a range of services, including local telephone, local data and broadband, international telecommunications, mobile and other telecommunications business such as customer premises equipment sales, outsourcing, consulting, and contact centers. The Media Business segment includes interactive pay-TV service and Internet portal multimedia entertainment platform. The Solutions Business segment offers information and communications technologies services and solutions. The Pacific Century Premium Developments segment covers the property portfolio in Hong Kong and mainland China. The Other Businesses segment offers the wireless broadband business in the United Kingdom and all corporate support functions. The company was founded on April 24, 1979 and is headquartered in Hong Kong.

Company background

PCCW is a major telecommunications company in Hong Kong. It has a workforce of more than 23,000. The company also works in real estate development and investment, media and information technology solutions. Its does business in East Asia, Europe, the U.S. and the Middle East. PCCW has a majority stake in HKT, Hong Kong's largest cellphone carrier. HKT operates telecom services including broadband, equipment sales, outsourcing and consulting businesses as a core unit of PCCW.

PCCW has also been strengthening its presence in broadcasting. It owns now TV, Hong Kong's leading subscription broadcaster. The company plans to expand its video-on-demand business in emerging markets through U.S.-based subsidiary Vuclip. PCCW also received a free-to-air broadcasting license from the Hong Kong government in April 2015. Its subsidiary Hong Kong Television Entertainment will launch a 24-hour Cantonese channel in 2016 and an English-language channel by 2017. PCCW will invest 2.7 billion Hong Kong dollars ($348 million) in the new channels over their first 10 years.

Chairman Richard Li Tzar-kai is the second son of Li Ka-shing, one of Asia's richest men. Li Ka-shing leads Hong Kong conglomerate CK Hutchison Holdings. PCCW is around 25% owned by Singapore-based investment company Pacific Century Regional Developments, which is also led by Richard Li Tzar-kai.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 37,050M
Gross profit 13,483M
Operating income 5,883M
Income before tax 5,734M
Net income 2,246M
EBITDA 12,593M
Diluted EPS 0.29
Dividends per share 0.29
Total assets 91,900M
Total liabilities 68,695M
Total equity 19,941M
Operating cash flow --

Currency in HKD

Revenue 4,754.37M
Gross profit 1,730.18M
Operating income 754.92M
Income before tax 735.80M
Net income 288.21M
EBITDA 1,615.97M
Diluted EPS 0.03
Dividends per share 0.03
Total assets 11,755.97M
Total liabilities 8,787.56M
Total equity 2,550.88M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER 15.57
ROA 2.61%
ROE 14.05%
Operating margin 15.87%
Profit margin 6.06%

Key executive

  • Group Managing Director & Executive Director: Srinivas Bangalore Gangaiah
  • Group Chief Financial Officer & Executive Director: Hon Hing Hui
  • Managing Director: Janice Lee
  • Head-Investor Relations: Marco Wong
  • Head-Group Human Resources: Lai Sim Chow

Share holders

  • Pacific Century Regional Developments Ltd.(22.7%)
  • China State-Owned Assets Supervision & Admn Commission(18.4%)
  • LI TZAR KAI RICHARD(6.2%)
  • BlackRock Fund Advisors(1.5%)
  • The Vanguard Group, Inc.(1.3%)
  • Norges Bank Investment Management(0.9%)
  • Allianz Global Investors Asia Pacific Ltd.(0.8%)
  • Pictet Asset Management Ltd.(0.7%)
  • BlackRock Asset Management Deutschland AG(0.7%)
  • Eastspring Investments (Hong Kong) Ltd.(0.6%)

Address

  • Website: http://www.pccw.com
  • Address: 41st Floor, PCCW Tower, TaiKoo Place, 979 King's Road, Hong Kong, Hong Kong
  • Phone: +852.2888.2888

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