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PCCW's Floating- and Fixed-rate Debt Ratio 50:50; User Growth Expected to Juice Monetization
Marco Wong, Head of Investor Relations at PCCW (00008.HK), said that the company's operational efficiency is further advancing. As it remained focused on improving operational ...
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PCCW's Floating- and Fixed-rate Debt Ratio 50:50; User Growth Expected to Juice Monetization
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Marco Wong, Head of Investor Relations at PCCW (00008.HK)  +0.010 (+0.242%)    Short selling $1.61M; Ratio 5.380%   , said that the company's operational efficiency is further advancing. As it remained focused on improving operational efficiency and cost optimization last year, the full-year operating expenses decreased by 6% year-on-year to USD692 million, mainly attributable to HKT-SS (06823.HK)  -0.040 (-0.438%)    Short selling $8.14M; Ratio 9.493%   's efficiency enhancement.

He disclosed that the company's current floating- and fixed-rate debt ratio remained about 50:50. The rise in HIBOR within the year shores the average cost of debt up to 4.2%, and the average maturity of existing debt is 4 years.

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PCCW Acting Group Managing Director, Susanna Hui, said that Viu, the group's pan-regional video streaming service, had more than 62 million monthly active users as of the fourth quarter of last year, with paid subscribers growing by 10% to 13.4 million during the year.

She believed that the growth in the high-end user base had helped juice business monetization, and expected that the company would continue to cement its position as a leading streaming platform.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)

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