HKBN (01310) experienced a significant surge in its stock price, soaring 5.10% during the intraday trading session. This remarkable uptick comes on the heels of positive financial news and successful debt restructuring.

The company recently secured HK$10.75 billion in term loan financing through a subsidiary, completing a major debt refinancing initiative. While this move will incur a one-time cost of HK$140 million, Morgan Stanley analysts note that it is expected to reduce interest expenses moving forward, potentially improving the company's financial health.

Adding to the positive sentiment, HKBN reported impressive full-year service revenue growth of 13% year-on-year, surpassing Morgan Stanley's forecast of 8.4%. This outperformance was driven by a substantial HK$360 million increase in IDD revenue and a robust 14% annual rise in SI revenue. Furthermore, the company's adjusted free cash flow climbed 11% year-on-year to HK$551 million, exceeding Morgan Stanley's estimates by 8%, attributed to lower interest costs. These strong financial indicators likely contributed to investor confidence and the subsequent stock price surge.