- Barrons.com•8 days ago
China Unicom (762.Hong Kong/CHU) soared 4.4% after reporting its full-year results. Further, China Unicom slashed its 2017 capex target down to 45 billion yuan. What this means is that China Unicom will have healthier free cash flow.
- Barrons.com•9 days ago
BMO Capital’s Tim Long today weighs in with some thoughts of concern for investors in telecom names such as Ericsson (ERIC) and Nokia (NOK), and also fiber optic stocks such as FInisar (FNSR) and Ciena (CIEN). Long looks over the annual financials just reported by China’s China Unicom (CHU), one of the big three of wireless and wired in China, along with China Mobile (CHL) and China Telecom (CHA), and finds not so pretty a picture. China Unicom’s spending on property, plant and equipment in 2016 was 72.1 billion Renminbi, writes Long, which is less than the 75 billion he had been expecting.
- Barrons.com•16 days ago
Telecom operator China Unicom (762.Hong Kong/CHU) soared 3.2% in Hong Kong after talk of mixed-ownership reform resurfaced. Yumin Lu, Vice Chairman of Unicom, said at the State Council's news conference on Monday that mixed-ownership reform proposals are being evaluated and may soon be approved. Old News! The reform of China's state-owned enterprises is progressing at a snail's pace! Last October, Unicom said it was working on a so-called "mixed ownership reform" plan, which was interpreted by the investment community as the SOE receiving strategic investments from the private sector, including China's Internet giants such as Tencent (700.Hong Kong), Alibaba (BABA) and Baidu (BIDU).
0762.HK : Summary for CHINA UNICOM - Yahoo Finance
CHINA UNICOM (0762.HK)
HKSE - HKSE Delayed Price. Currency in HKD
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|Day's Range||10.06 - 10.46|
|52 Week Range||7.70 - 10.48|
|PE Ratio (TTM)||313.16|
|Dividend & Yield||0.03 (2.31%)|
|1y Target Est||N/A|