|Bid||11.420 x 0|
|Ask||11.460 x 0|
|Day's Range||11.440 - 11.480|
|52 Week Range||8.400 - 13.240|
|PE Ratio (TTM)||343.15|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Bernstein's Chris Lane and his team take a look at the China telecom and global semiconductor industries today, writing that the mobile market grew, even as smartphone shipments fell ahead of the latest refresh from Apple (AAPL). The overall mobile market saw net additions climb 8.9 million in August, up from 7.6 million the month before. China Mobile (CHL) grew to 3.87 million, China Unicom (CHU) grew to 2.33 million, and China Telecom (CHA) dropped slightly to 2.66 million.
China's securities regulator said that company ownership reform plans must strictly abide by existing regulations, hinting there will be no repeat of the special treatment given to China Unicom in its $11.7 billion restructuring. The China Securities Regulatory Commission (CSRC) said in a statement on Friday that it would "continue to support mixed-ownership reforms" of state-owned firms.
China Unicom (Hong Kong) Ltd. will raise as much as HK$88.1 billion ($11.3 billion) by selling new shares to its parent as part of a government-led ownership overhaul of the nation’s second-largest wireless ...