CHUFF - China Unicom (Hong Kong) Limited

Other OTC - Other OTC Delayed Price. Currency in USD
1.0200
0.0000 (0.00%)
At close: 1:09PM EST
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Previous Close1.0200
Open1.0200
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.0200 - 1.0200
52 Week Range0.9000 - 1.2400
Volume150
Avg. Volume383
Market Cap28.775B
Beta (3Y Monthly)1.23
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.02 (1.95%)
Ex-Dividend Date2019-05-16
1y Target EstN/A
  • China races U.S. pressure as it launches massive 5G mobile network
    MarketWatch

    China races U.S. pressure as it launches massive 5G mobile network

    China has begun offering cellphone customers superfast 5G service, a technological leap that comes despite U.S. attempts to contain Beijing’s largest telecom company. China Mobile Ltd. (CHL)(CHLKF)(HK:941) , China Telecom Corp. (CHA)(HK:728)and China Unicom Hong Kong Ltd. (CHU)(CHUFF)(HK:762)are offering plans starting around 128 yuan ($18) a month, going up to roughly $100, with speeds up to 100 times faster than existing 4G services, according to the companies’ promotional materials. Beijing already has some 10,000 operational 5G base stations, and over 100,000 are planned across the country, according to the Ministry of Industry and Information Technology.

  • Barrons.com

    China’s 5G Networks Go Live Today. It Could Be Bad News for Apple.

    Chinese carriers are aggressively pricing the new service, making Apple’s current lineup of non-5G-capable iPhone less attractive.

  • 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.

  • China Telecom profit falls on lower investment income
    MarketWatch

    China Telecom profit falls on lower investment income

    Net profit decreased to 18.39 billion yuan ($2.60 billion), as investment income and income from investments in associates fell 50%, China Telecom said.

  • Should You Avoid China Unicom (Hong Kong) Limited (CHU) Like Hedge Funds Did?
    Insider Monkey

    Should You Avoid China Unicom (Hong Kong) Limited (CHU) Like Hedge Funds Did?

    Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]

  • 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.

  • 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.

  • 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.

  • 4 Hang Seng Index Shares Set to be Hurt by the RMB’s Depreciation
    Motley Fool

    4 Hang Seng Index Shares Set to be Hurt by the RMB’s Depreciation

    The decline in China's RMB could take a bite out of the earnings of these four Hong Kong-listed companies. Here's what investors should know.

  • Reuters

    BRIEF-China United Network Communications Says Q1 Net Profit Up 24.8 Percent Y/Y

    April 23 (Reuters) - China United Network Communications Ltd : * SAYS Q1 NET PROFIT UP 24.8 PERCENT Y/Y AT 1.6 BILLION YUAN ($238.16 million) Source text in Chinese: https://bit.ly/2PmZAmL Further company ...

  • Reuters

    BRIEF-China Unicom Hong Kong Posts Qtrly Profit Attributable Of RMB 3.68 Bln

    April 23 (Reuters) - China Unicom Hong Kong Ltd: * QTRLY PROFIT ATTRIBUTABLE RMB 3,675 MILLION VERSUS RMB 3,005 MILLION * QTRLY REVENUE RMB 73,147 MILLION VERSUS RMB 74,935 MILLION Source text for Eikon: ...

  • Should You Buy China Mobile's Post-Earnings Dip?
    Motley Fool

    Should You Buy China Mobile's Post-Earnings Dip?

    The world’s largest wireless carrier faces near-term headwinds, but its long-term outlook remains bright.

  • Reuters

    BRIEF-China United Network Communications Says 2018 Net Profit Up 858.3 Percent Y/Y

    March 13 (Reuters) - China United Network Communications Ltd : * SAYS 2018 NET PROFIT UP 858.3 PERCENT Y/Y AT 4.08 BILLION YUAN ($608.16 million) Source text in Chinese: https://bit.ly/2CkCkjO Further ...

  • Reuters

    China Unicom Hong Kong 2018 profit jumps more than five-fold

    Chinese telecom operator China Unicom Hong Kong on Wednesday reported a more than five-fold jump in 2018 net profit, beating estimates, which it attributed to a mixed-ownership reform. Net profit for the full year was 10.2 billion yuan ($1.52 billion), the company said in a statement, while 15 analysts polled by Refinitiv had an average forecast of 8.5 billion yuan. Total revenue for the full year rose 5.8 percent to 291 billion yuan, against the average estimate of 287 billion yuan by 21 analysts on Refinitiv.

  • Reuters

    BRIEF-China Unicom Hong Kong Says FY Profit Attributable RMB10.20 Bln

    March 13 (Reuters) - China Unicom Hong Kong Ltd: * FY REVENUE RMB 290,877 MILLION VERSUS RMB 274,829 MILLION * FY PROFIT ATTRIBUTABLE RMB10,197 MILLION VERSUS RMB1,828 MILLION * PROPOSED PAYMENT OF A FINAL ...

  • Reuters

    BRIEF-Arm And China Unicom Sign Partnership Agreement To Drive Iot Adoption In China

    Feb 26 (Reuters) - Arm: * ARM AND CHINA UNICOM SIGN PARTNERSHIP AGREEMENT TO DRIVE IOT ADOPTION IN CHINA Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-China Unicom Hong Kong Jan Mobile Billing Subscribers 317.799 Mln

    Feb 19 (Reuters) - China Unicom Hong Kong Ltd: * JANUARY AGGREGATE NUMBER OF MOBILE BILLING SUBSCRIBERS 317.799 MILLION * JAN NET ADDITION OF FIXED-LINE BROADBAND SUBSCRIBERS FOR MONTH 0.627 MILLION * ...

  • Reuters

    BRIEF-China Unicom Hong Kong Appoints Fan Yunjun As Senior Vice President

    Jan 30 (Reuters) - China Unicom Hong Kong Ltd: * FAN YUNJUN, HAS BEEN APPOINTED AS A SENIOR VICE PRESIDENT Source text for Eikon: Further company coverage:

  • Reuters

    Microsoft's Bing blocked in China - FT

    Microsoft Corp's Bing search engine has been blocked in China following a government order, the Financial Times reported on Thursday, citing people familiar with the matter. China Unicom, one of China's ...

  • Reuters

    BRIEF-China Unicom Hong Kong Posts December Operational Statistics

    Jan 18 (Reuters) - China Unicom Hong Kong Ltd: * DEC AGGREGATE NUMBER OF MOBILE BILLING SUBSCRIBERS 315.036 MILLION * DEC AGGREGATE NUMBER OF FIXED-LINE BROADBAND SUBSCRIBERS 80.880 MILLION * DEC NET ADDITION ...

  • Reuters

    China Stocks-Factors to watch on Friday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -0.4 pct, CSI300 -0.2 pct, HSI +0.2 pct * HK- Shanghai Connect daily quota used 1.9 pct * HK- Shenzhen Connect daily quota used 1.7 pct * CNY official close ...

  • Reuters

    BRIEF-China Unicom November Net Addition Of Mobile Billing Subscribers 1.499 Mln

    Dec 19 (Reuters) - China Unicom Hong Kong Ltd: * NOVEMBER NET ADDITION OF MOBILE BILLING SUBSCRIBERS FOR MONTH 1.499 MILLION * NOV AGGREGATE NUMBER OF FIXED-LINE BROADBAND SUBSCRIBERS 81.101 MILLION * ...

  • Reuters

    BRIEF-China United Network Communications Unit And China Merchants Bank To Boost JV Capital

    Dec 4 (Reuters) - China United Network Communications Ltd : * SAYS UNIT AND CHINA MERCHANTS BANK PLAN TO BOOST CAPITAL OF ITS CONSUMER FINANCE JV BY 1.0 BILLION YUAN ($146.26 million)EACH Source text in ...