Previous Close | 67.100 |
Open | 67.250 |
Bid | 66.900 x 0 |
Ask | 66.950 x 0 |
Day's Range | 66.700 - 67.600 |
52 Week Range | 60.900 - 70.200 |
Volume | |
Avg. Volume | 17,554,547 |
Market Cap | 1.473T |
Beta (5Y Monthly) | 0.31 |
PE Ratio (TTM) | 10.03 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 4.80 (7.15%) |
Ex-Dividend Date | Jun 06, 2024 |
1y Target Est | N/A |
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China's latest economic indicators are hinting at potential long-term difficulties, raising concerns among economists globally. The world's second-largest economy has shown a disappointing growth rate for the second quarter of this year, following three years of stringent Covid restrictions. This sluggish recovery, coupled with increasingly rigid regulations imposed on the private sector and a declining property market, could indicate substantial challenges ahead.
Huawei Technologies will supply over half of the 5G base stations for China's top telecoms company China Mobile between 2023 and 2024, a deal which analysts say will help shore up its core revenue base after losing its lucrative smartphone business amid tough US sanctions. Huawei secured 52 per cent of China Mobile's 5G base station work, the largest portion of the contracts put out for tender this year. The deal would involve the sale of 45,426 5G base stations worth about 4.1 billion yuan (US$
State-owned China Mobile Ltd is exploring a buyout of Hong Kong's leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at $1 billion. China Mobile in recent weeks sent a request for proposal (RFP) to a small group of banks to advise on acquiring and taking-private the Hong Kong telecom provider, which offers services including broadband and Wi-Fi management, said the people. HKBN shares jumped more than 17% after the Reuters report and closed at HK$6.57 a piece Tuesday, valuing the company at HK$8.6 billion ($1.1 billion).