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City Telecom (H.K.) Limited (ADR) (NASDAQOTH:HKTVY)

CAPS Rating: No stars

Provides international telecommunications and, through HKBN, international telecommunications, Internet access, local telephony, pay-TV and other fixed telecommunications network services in Hong Kong.

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Caps

How do you think NASDAQOTH:HKTVY will perform against the market?

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All Players

135 Outperform
43 Underperform
 

All-Star Players

16 Outperform
13 Underperform
 

Wall Street

2 Outperform
1 Underperform
 

Top NASDAQOTH:HKTVY Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

dsp2008 (84.98)
Submitted May 21, 2008

I live in Hong Kong and City Telecom is a leader there in terms of business internet service as well as now increasing its number of residential users and taking market share from PCCW. Provides the fastest residential internet service in the world… More

jed71 (99.76)
Submitted December 05, 2014

I don’t know why I chose not to down thumb this at $11 a few days ago when I researched it. I spent a bunch of time reading about it, it seemed a very good down thumb yet my undiagnosed ADD apparently disagreed and it slipped off of my radar. When I… More

NASDAQOTH:HKTVY VS S&P 500 (SPY)

Fools bullish on NASDAQOTH:HKTVY are also bullish on:

Fools bearish on NASDAQOTH:HKTVY are also bearish on:

Recent Community Commentary

Read the most recent pitches from players about HKTVY.

Recs

0
Member Avatar EvanBuck (99.92) Submitted: 12/6/2014 4:42:12 PM : Underperform Start Price: $9.04 NASDAQ OTHER:HKTVY Score: +56.77

Went to check SEC filings, and they are few and far between. Can't find the info I am looking for regarding revenue, etc. so the seeming lack of transparency is a big red flag. Plus it's China-based, which is notorious for its stock scams, and jed71 downthumbed it. Underperform.

Recs

2
Member Avatar jed71 (99.76) Submitted: 12/5/2014 11:56:18 AM : Underperform Start Price: $9.04 NASDAQ OTHER:HKTVY Score: +56.77

I don’t know why I chose not to down thumb this at $11 a few days ago when I researched it. I spent a bunch of time reading about it, it seemed a very good down thumb yet my undiagnosed ADD apparently disagreed and it slipped off of my radar. When I was tooling around the market this morning, I stumbled across it and, for a change, remembered some of my old research. Unfortunately, it’s already fallen to the 9’s but my thinking is it still has some ways to go. Here is the best way I can summarize the business plan (out of the recent financial filing):

“In short, we are now in full force, full speed to ready our launch and we look forward to meeting everyone on our Shoppertainment journey in 2014. Let’s shop and watch together.”

I am not an expert on the Honk Kong broadcast market, but this seems flat out weird. They are attempting to combine private label in-house programming with a shopping website. You watch a TV show and then browse lady's shoes (I think I found a new use for the name Ultimate Rack)? Just seems strange they are attempting to put the two together. The CEO readily admits it’s never been done before and represents a big risk. If you look at the viewership and number of downloads, the figures are not very impressive. But like I said, this might appeal to Hong Kong natives and I may be missing something. Help me out here, but this next section isn’t very good news, right?

“2014 is still a year of preparation for HKTV. While we are still waiting for the Court’s judgment on the two Judicial Review cases on the rejection of our domestic free television programme service licence (the free TV licence) application and the transmission standard for mobile TV service, the Group is going to launch its new business by phases starting from mid-November ? building a new platform for TV entertainment and online shopping on the Internet, the HKTV Mall.”

I am guessing this isn’t good news, but maybe smarter minds will disagree. Remember that this license was applied for in 2009 and they have yet to receive it. While there’s a chance that they might get the license, I think the situation looks bleak based on the fact that after 6 years they still have not obtained it.

So the stock has shot higher over the past month and a half going from the $7’s to the high $11’s. I think most of this is sheer speculation and the company has confirmed no additional news on a number of occasions.

“a. Increase in write off of artiste prepayments and provision for committed artiste payments of HK$19.0 million due to the under-utilisation during the period, and provision made for onerous commitments which do not expect to be utilized because of programme production slow down and suspension;
b. Uncapitalised talent costs increased by HK$21.5 million as a result of the reduction in capitalisation due to the programme production slow down and suspension, partially net off by the saving in talent costs resulted from the redundancy made in October 2013 and April 2014;”

It’s obvious they are cutting costs and reducing talent for their broadcasting. They have also slashed current and planned future content. What should scare shareholders the most is expenses have INCREASED because of the contractual obligations the company has with its hired talent.

“Increase in other operating expenses by HK$44.1 million to HK$245.6 million for the twelve months ended 31 August 2014”

I’ll end with this last piece. They are cutting costs and trying to salvage what cash they have left:

“Including the directors of the Company, as at 31 August 2014, the Group had 283 permanent full-time talents versus 527 as of 31 August 2013. The decrease in number of talents was mainly due to the lay-off plan announced on 16 October 2013 and 11 April 2014 due to business and operation scale down on Multimedia Business in particular on the programme production, which was partially off-set by the new hiring for the Shoppertainment.”

This probably won’t go to zero anytime soon, but the situation does look bleak. I would personally avoid this firm.

Recs

0
Member Avatar FoxForce5contest (< 20) Submitted: 8/20/2012 2:36:35 AM : Outperform Start Price: $4.31 NASDAQ OTHER:HKTVY Score: -28.56

iamlard
picked this

Leaderboard

Find the members with the highest scoring picks in HKTVY.

Score Leader

dejawn69

dejawn69 (66.64) Score: +739.86

The Score Leader is the player with the highest score across all their picks in HKTVY.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
dejawn69 66.64 3/5/2007 Outperform NS $0.80 +867.42% +127.56% +739.86 0 Comment
smarttalk888 < 20 4/13/2007 Outperform NS $0.87 +795.95% +115.78% +680.18 0 Comment
dolbridge < 20 2/6/2007 Outperform 5Y $0.87 +787.74% +117.27% +670.48 0 Comment
martinlemalin < 20 1/29/2007 Outperform 1Y $0.88 +777.09% +120.74% +656.35 1 Comment
lumpfishroe4 < 20 2/7/2007 Outperform 3M $0.89 +769.22% +116.07% +653.15 2 Comments
asbestosman1 < 20 2/6/2007 Outperform 5Y $0.89 +769.22% +116.50% +652.72 0 Comment
mutantninjaturtl 51.08 2/6/2007 Outperform 1Y $0.89 +769.22% +116.50% +652.72 1 Comment
hellosamleung 79.42 1/19/2007 Outperform 5Y $0.90 +763.32% +119.76% +643.56 0 Comment
sonnyis1 < 20 2/12/2007 6/29/2009 Outperform 5Y $0.90 +756.45% +118.06% +638.39 0 Comment
TechnicalTommy 63.93 1/17/2007 Outperform 3W $0.92 +741.57% +119.71% +621.86 3 Comments

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackJimCramer 86.29 10/24/2011 Underperform 3W $3.00 +158.14% +135.64% -22.49 0 Comment
TrackOppenheimer < 20 5/4/2010 Outperform NS $4.57 +69.48% +148.47% -79.00 0 Comment
TrackJimCramer 86.29 3/18/2010 Outperform 3W $11.68 -19.57% +7.22% -26.79 10/25/2011 @ $9.39 0 Comment
TrackCitigroup 87.90 6/4/2009 Outperform NS $1.30 +494.87% +217.88% +276.99 0 Comment

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