HKBN (01310) stock continued its upward trajectory in intraday trading, soaring 5.10% as investors reacted positively to the company's recent financial developments and strong performance metrics. This surge builds upon the earlier gains reported in the trading session, reflecting growing investor confidence in the telecommunications company's strategic moves.

The stock's impressive climb can be attributed to several factors. HKBN recently secured HK$10.75 billion in term loan financing through a subsidiary, demonstrating the company's strong credit standing. Additionally, the completion of a HK$10.7 billion debt refinancing is expected to reduce interest expenses, despite incurring a one-time cost of HK$140 million. These financial maneuvers have strengthened HKBN's balance sheet and improved its long-term financial outlook.

Investor enthusiasm was further fueled by HKBN's robust financial performance. The company reported a 13% year-on-year growth in full-year service revenue, surpassing Morgan Stanley's forecast of 8.4%. This growth was driven by a significant HK$360 million increase in IDD revenue and a 14% annual rise in SI revenue. Moreover, HKBN's adjusted free cash flow climbed 11% year-on-year to HK$551 million, exceeding analyst expectations. These strong financial indicators, coupled with the successful refinancing efforts, have contributed to the stock's significant appreciation, reflecting growing investor confidence in HKBN's business strategy and future prospects.