According to a report from UBS, the firm assessed the implications of the U.S. Federal Communications Commission (FCC) potentially revoking the telecom service license of HKT-SS (06823) for its subsidiary operating in the United States. UBS believes that the potential ban will have a limited impact on the company's profitability, as its exposure to the U.S. market is minimal; the U.S. market contributes to less than 1% of total revenue, and the profit margin from this business segment is relatively low. The firm finds a projected dividend yield of around 7.6% for 2026 attractive amid increasing regulatory uncertainty, which could support the stock price. UBS has now assigned a "Buy" rating to HKT-SS with a target price of HKD 13.4.