CHU - China Unicom (Hong Kong) Limited

NYSE - NYSE Delayed Price. Currency in USD
6.06
+0.32 (+5.57%)
At close: 4:00PM EDT

6.00 -0.06 (-0.99%)
After hours: 6:11PM EDT

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Slow Stochastic

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close5.74
Open5.97
Bid6.08 x 2200
Ask6.06 x 1300
Day's Range5.97 - 6.12
52 Week Range5.08 - 11.15
Volume759,034
Avg. Volume658,293
Market Cap18.548B
Beta (5Y Monthly)1.10
PE Ratio (TTM)18.94
EPS (TTM)0.32
Earnings DateN/A
Forward Dividend & Yield0.21 (3.63%)
Ex-Dividend DateMay 29, 2020
1y Target Est9.95
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    Chinese telecom firms urge FCC not to block U.S. operations

    Pacific Networks Corp and its wholly owned subsidiary ComNet (USA) LLC on Monday urged the Federal Communications Commission (FCC) not to shut down its U.S. operations. In April, the FCC issued show cause orders to three state-controlled Chinese telecommunications companies, including Pacific, citing national security risks. The FCC directed China Telecom Americas, China Unicom Americas and Pacific Networks to explain why it should not start revoking authorizations enabling their U.S. operations.

  • Should China Unicom (Hong Kong) Limited’s (HKG:762) Weak Investment Returns Worry You?
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    Should China Unicom (Hong Kong) Limited’s (HKG:762) Weak Investment Returns Worry You?

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    Reuters

    Nokia says won share of China Unicom 5G core network order

    "We are the only foreign supplier in China Unicom for 5G core," Suri said. Nokia provides a wide range of telecom equipment in the China market but saw its Greater China revenue drop 29% year-on-year in January-March.

  • Bloomberg

    FCC Threatens to Bar China Telecom and Others Over Security

    (Bloomberg) -- The Federal Communications Commission threatened to bar four telecommunications operators unless they can show they’re independent from the Chinese government, the latest in the agency’s efforts to limit Beijing’s role in U.S. networks.The agency named China Telecom Americas, China Unicom Americas, Pacific Networks and its subsidiary ComNet, and told them to respond within 30 days. The companies need to explain why the agency shouldn’t move to revoke their authorizations, according to the FCC.The action reflects “deep concern” among U.S. government agencies, FCC Chairman Ajit Pai said in an emailed statement.Pai said the companies are vulnerable “to the exploitation, influence, and control of the Chinese Communist Party, given that they are subsidiaries of Chinese state-owned entities. We simply cannot take a risk and hope for the best when it comes to the security of our networks.”The U.S. and China are at odds over a suite of issues such as the spread of the novel coronavirus, trade, and security of telecommunications networks. U.S. officials have moved to bar Chinese equipment maker Huawei Technologies Co. as a security threat, an assertion the company denies.China Telecom “has been operating in good standing in the United States for nearly 20 years,” Ge Yu, a spokesman, said in an email. “We look forward, in the coming weeks, to sharing information with the FCC that speaks to our role as a responsible telecom company.”Emails to China Unicom weren’t immediately returned, and the telephone system at ComNet’s California offices didn’t accept a voicemail. ComNet and Pacific Networks are owned by Citic Group Corp., a Chinese state-owned limited liability company, according to the FCC. An email to Citic’s telecommunications unit wasn’t immediately returned.In an earlier filing by U.S. security agencies, the FCC told China Telecom to respond to concerns the Beijing-based telecommunications provider is a national security threat. China Telecom said it “unequivocally” denied the allegations.The FCC barred China Mobile from the U.S. market last year and said it would review other companies’ record.Senator Tom Cotton, an Arkansas Republican, said he supports the FCC’s action.“No matter their cries to the contrary, these firms are beholden to the Chinese Communist Party, and their operation in the United States will continue to pose a threat to our critical networks as long as it continues,” Cotton said in a news release. “Chairman Pai has rightly identified the magnitude of the Chinese telecom contamination.”(Updates with statement from China Telecom in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    FCC may revoke ability of four Chinese-controlled firms to operate in U.S.

    The Federal Communications Commission (FCC) on Friday said it may revoke the ability of four Chinese government-controlled telecommunications companies to operate in the United States, citing national security risks. The FCC issued show cause orders to China Telecom Americas , China Unicom Americas, Pacific Networks, and ComNet directing them to explain why the FCC should not start the process of revoking their domestic and international section authorizations enabling them to operate in the United States. Earlier this month, the U.S. Justice Department and other federal agencies called on the FCC to revoke China Telecom's ability to operate in the United States.

  • China Unicom (Hong Kong) Limited 2019 Annual Report on Form 20-F Filed With The SEC
    Business Wire

    China Unicom (Hong Kong) Limited 2019 Annual Report on Form 20-F Filed With The SEC

    China Unicom (Hong Kong) Limited and its subsidiaries ("China Unicom" or "the Company" and "the Group") (HKEx: 0762; NYSE: CHU) announced that the Company filed its Annual Report on Form 20-F for the year ended December 31, 2019 (the "2019 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC").

  • U.S. agencies back revoking ability of China Telecom to operate in U.S.
    Reuters

    U.S. agencies back revoking ability of China Telecom to operate in U.S.

    The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp's authorization to provide international telecommunications services to and from the United States. China Telecom is the U.S. subsidiary of a People’s Republic of China (PRC) state-owned telecommunications company.

  • Reuters

    U.S. agencies recommend revoking ability of China Telecom to operate in U.S.

    The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp's authorization to provide international telecommunications services to and from the United States. China Telecom is the U.S. subsidiary of a People’s Republic of China (PRC) state-owned telecommunications company.

  • Is China Unicom (Hong Kong) Limited (CHU) A Good Stock To Buy?
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    Is China Unicom (Hong Kong) Limited (CHU) A Good Stock To Buy?

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

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  • China Unicom Attains Multiple Top International Accolades
    PR Newswire

    China Unicom Attains Multiple Top International Accolades

    China Unicom (Hong Kong) Limited ("China Unicom" or "the Company") (HKEx: 0762; NYSE: CHU) is pleased to be honored with multiple top international accolades in the year 2019, including:

  • China Offers 5G Discounts in Race to Scale Biggest Network
    Bloomberg

    China Offers 5G Discounts in Race to Scale Biggest Network

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.China’s phone carriers offered discounts to subscribers after switching on the world’s largest 5G network Thursday, seeking to spur growth for an ultra-fast wireless system that’s key to technology supremacy. The country’s three wireless operators need to attract users to help pay for infrastructure they’ve spent more than $43 billion on in this year alone. While the technology is essential for developing industrial applications expected to drive a new digital economy, its faster speeds and lower lag times may be less compelling for consumers than previous upgrades.On the launch day of fifth-generation services in Beijing’s financial district, stores were quiet as carriers said they expect more users to sign up online.On the Twitter-like Weibo, “5G launching in 50 cities” and “5G package prices” were among the top-20 trending topics. But some Chinese consumers are balking at the high prices for handsets and service plans.“I don’t have money to buy a 5G phone, or to pay for a plan,” said Weibo user Yuanyao. “Too expensive. I can’t afford it,” said another named XBACK-No fear.Smartphone SupremacyWhile carriers look to lure more users to pay up for faster services, China’s handset makers also stand to benefit from fast uptake.Huawei Technologies Co., which also supplies the biggest slice of 5G network equipment, saw its smartphone market share jump to 42% in the third quarter, up from around 25% a year ago, according to research firm Canalys. It has already introduced several 5G models, as have Chinese brands including ZTE, Xiaomi and Vivo.Luring users to the world’s largest 5G networks may also help Chinese handset makers increase their global market share. Samsung Electronics Co. is the world’s top seller of smartphones, followed by Huawei. and Apple Inc.Huawei has already debuted models that work on the super-fast network in the U.K. and other markets in addition to China. On Wednesday, the Nikkei reported that Apple is telling suppliers that it expects to ship at least 80 million iPhones with 5G wireless modems next year.5G DealsAs of Thursday, China Mobile Ltd. was offering discounts of as much as 30% for users that pre-registered for 5G. Consumers buying 5G handsets from the carrier will get as much as 600 yuan ($85) off and gifts worth 699 yuan, the biggest operator by users said in a statement.China Unicom Hong Kong Ltd., the No. 3 carrier, and No. 2 China Telecom Corp. are also offering similar discounts to pre-registered users, along with other discounts and gifts via online lotteries and through their branches throughout the country.South Korea’s wireless carriers were the first to offer commercial 5G services, with SK Telecom Co. launching its network in April and Samsung already offering a 5G-enabled smartphone. Total 5G subscribers have surpassed 3 million in the country, although consumer reaction has been mixed.The faster network’s coverage was initially incomplete, leaving users to fall back on 4G more than some had expected, especially when using the service indoors.South Korean carriers SK Telecom Co., KT Corp. and LG Uplus Corp., have also sought to entice new users to adopt the technology, offering trade-ins and incentives that slash the price of new 5G phones to less than $200 from sticker prices of as much as $1,000. The subsidies have declined as the rollout expanded, said Kim Hee Sup, vice president at SK Telecom.“It’s true that the speed and coverage of 5G didn’t meet consumers’ expectations in early days,” said Kim Hee Sup, a vice president at South Korea’s largest carrier SK Telecom. “Now, the 5G service is rapidly improving as carriers are expanding the roll-out.”T-Mobile US Inc. earlier this week said it will flip on a nationwide 5G service by year end. Still, the carrier doesn’t offer yet offer a 5G compatible device yet and the service will be available only on one band of airwaves they are calling the “foundational layer,” with more layers of spectrum to come.The largest U.S. wireless carrier Verizon Communications Inc. launched 5G in April and has promised to have it available in parts of 30 cities this year. Rival AT&T Inc. has 5G in areas of 21 cities and plans to offer 5G nationwide by mid 2020. Sprint Inc., which has limited 5G available in nine cities, has promised a superior 5G network if its $26.5 billion merger with T-Mobile is approved.\--With assistance from Sohee Kim and Scott Moritz.To contact Bloomberg News staff for this story: Shirley Zhao in Hong Kong at xzhao306@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, Dave McCombs, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • China Rolls Out World’s Largest 5G Mobile Phone Network
    Bloomberg

    China Rolls Out World’s Largest 5G Mobile Phone Network

    (Bloomberg) -- China’s three state-owned wireless carriers debuted 5G mobile phone services Thursday, a milestone in the country’s push to become a technology power even as it remains locked in a trade war with the U.S.China Mobile Ltd., the country’s largest carrier, unveiled its network in 50 cities including Beijing, Shanghai and Shenzhen, with packages priced as low as 128 yuan ($18) a month. Rivals China Telecom Corp. and China Unicom Hong Kong Ltd. also introduced their services at comparable rates.The operators had planned to start the networks next year, but accelerated the rollout just as the U.S. dug in on a boycott of China-based 5G equipment supplier and technology giant Huawei Technologies Co. Operators in the U.S. have introduced 5G to parts of some cities, without using Huawei gear, and South Korea debuted its version in April, though China will quickly become the largest provider by virtue of its huge population and investment by the companies.“While some other countries launched 5G services earlier this year, China will have the largest commercial operating 5G network in the world on Friday,” Chris Lane and other analysts at Sanford C. Bernstein. wrote in a note to clients Wednesday. “The scale of its network and the price of its 5G services will have a pivotal impact throughout the supply chain.”How 5G Will Change China (Beyond Faster Video Games): QuickTakeLocal media had initially reported the carriers would make 5G available starting Friday. As of Thursday morning, all three were already offering access to the service.Subscribers in China -- more than 10 million have pre-registered for 5G -- will have access to faster videos and games, more virtual reality applications and improved performance for mobile videoconferencing.China Mobile’s 5G packages for the heaviest users are priced similar to 4G plans that go as high as 588 yuan a month.The largest cities including Beijing, Shanghai and Shenzhen will get full coverage first. The three operators have projected a combined capital spending of 302 billion yuan this year.Subsidies for Huawei Gear Would Be Banned Under FCC Proposal The scale of deploying 5G infrastructure across China is especially important for Huawei. Dominance in the world’s largest market can blunt the effects of a U.S. campaign against other countries installing Huawei gear, which it accuses of posing a security threat. Despite the U.S. pressure, Huawei said in July that it had signed more than 60 commercial contracts to supply 5G networks around the world, including at least 28 in Europe.(Updates with introductions Thursday in second paragraph)\--With assistance from Gao Yuan.To contact the reporter on this story: Shirley Zhao in Hong Kong at xzhao306@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, Dave McCombsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Should You Avoid China Unicom (Hong Kong) Limited (CHU) Like Hedge Funds Did?
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  • Senators want FCC to review Chinese telecom approvals to operate in U.S.
    Reuters

    Senators want FCC to review Chinese telecom approvals to operate in U.S.

    Two U.S. senators on Monday asked the FCC and national security agencies to review whether two Chinese state-owned telecom companies should be allowed to operate in the United States, at a time of heightened concern about possible Chinese spying. Senate Democratic Leader Charles Schumer and Senator Tom Cotton, a Republican, asked Federal Communications Commission chairman Ajit Pai to review approvals in the early 2000s that allow China Telecom and China Unicom to operate in the United States.

  • Reuters

    UPDATE 2-Senators want FCC to review Chinese telecom approvals to operate in U.S.

    Two U.S. senators on Monday asked the FCC and national security agencies to review whether two Chinese state-owned telecom companies should be allowed to operate in the United States, at a time of heightened concern about possible Chinese spying. Senate Democratic Leader Charles Schumer and Senator Tom Cotton, a Republican, asked Federal Communications Commission chairman Ajit Pai to review approvals in the early 2000s that allow China Telecom and China Unicom to operate in the United States.

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  • China Telecom Collaborates With China Unicom for 5G Network
    Zacks

    China Telecom Collaborates With China Unicom for 5G Network

    The "co-build, co-share" framework agreement between China Telecom (CHA) and China Unicom (CHU) is likely to foster a congenial environment for faster deployment of 5G networks through apportioned infrastructure investments.

  • China Telecom, Unicom will team up to build 5G network
    Reuters

    China Telecom, Unicom will team up to build 5G network

    China Telecom said last month it was ready to join rivals to build network for 5G, the fifth generation cellular network technology that promises to support new features such as autonomous driving. China is the world's biggest smartphone market and tie-ups between major operators there could lessen overall infrastructure spending, potentially affecting telecoms gear makers such as Huawei that are banking on the gradual rollout of 5G services. Countries like South Korea and the United States have already started 5G services, and China is rushing to join the race.

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  • China telcos weigh sharing 5G network to cut costs, potentially hurting Huawei
    Reuters

    China telcos weigh sharing 5G network to cut costs, potentially hurting Huawei

    China Telecom said on Thursday it is ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to cut multi-billion dollar equipment orders for vendors such as Huawei Technologies. China's big three state telcos are racing to roll out 5G services in more than 50 cities this year, following countries like South Korea and the United States which have already started the service that promises to support new technologies such as autonomous driving. While the gradual rollout of 5G services globally is a boon to telecoms gear makers, tie-ups by mobile operators in China, the world's biggest smartphone market, to build the network together threaten to cut the size of the overall 5G infrastructure spending.