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Damo: Target price of HK$6.5 for China Unicom (00762) “gain” rating
The Zhitong Finance App learned that Morgan Stanley released a research report saying that the first quarter results of China Unicom (00762) were in line with expectations, and service revenue increased 3.4% year on year. Among them, revenue from the Internet ICT business and the Internet Digital Intelligence business all grew steadily, and Unicom's cloud revenue increased 30% year on year. The company's net profit for the first quarter was over RMB 5.6 billion, up 8.9% year on year. Although it was in line with Damo's expectations, it was slightly lower than the company's full-year double-digit growth guide. Damo generally kept its profit forecast unchanged. The investment rating is still “increase in holdings”, with a target price of HK$6.5.
Zhitong FinanceApr 22 03:26 ET
China Unicom's Q1 Profit Jumps 10% as Revenue Rises 2%
China United Network Communications Group's (SHA:600050) attributable profit rose 10% year over year to 7.17 billion yuan in the first quarter, according to a Monday filing with the Shanghai bourse. E
MT NewswiresApr 21 23:53 ET
Hong Kong Stock Announcement Nuggets | China Unicom's profit attributable to shareholders of RMB 5.613 billion increased 8.9% year-on-year in the first quarter
China Unicom's profit attributable to shareholders of 5.613 billion yuan in the first quarter increased 8.9% year on year; China Tower achieved operating income of 23.974 billion yuan in the first quarter, an increase of 3.3% year on year
Zhitong FinanceApr 21 07:17 ET
China Unicom Logs Nearly 269 Million 5G Subscribers in March
China Unicom (HKG:0762, SHA:600050) recorded around 268.9 million 5G subscribers in March, according to a Friday filing by the telecommunications company. Overall subscribers, which consist of mobile
MT NewswiresApr 19 08:49 ET
China Unicom: Strive to Achieve Annual Target of Steady Rev Growth, Double-Digit Profit Growth >0762.HK
China Unicom: Strive to Achieve Annual Target of Steady Rev Growth, Double-Digit Profit Growth >0762.HK
Dow JonesApr 19 05:13 ET
China Unicom 1Q Net CNY5.61B Vs. Net CNY5.155B >0762.HK
China Unicom 1Q Net CNY5.61B Vs. Net CNY5.155B >0762.HK
Dow JonesApr 19 05:08 ET
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