TMT – Chinese Telcos - Growth Momentum Sustained
Despite their outperformance YTD, all three are still attractive in PE valuation with a range of 5.6-7.5x FY23 earnings and div yld of 9.5- 9.9%.
275 Views
China Unicom (762 HK) - The Brightest Star Dimmed a Little
1Q23 results dragged by slower than expected growth in industrial internet, which has been the brightest star of Chinese telcos in the past few years
464 Views
China Unicom (762 HK) - In-Line Results Foster Resilient Growth Trend
China Unicom’s 2022 results were largely in line with our expectations with decent growth in service revenue, driven by strong growth in industrial...
490 Views
China Unicom (762 HK) - Policy Support to Sustain 5G Momentum
We have trimmed our earnings forecasts and TP (HK$6.10), which reflects both faster than expected cost increase as well as a lowered FX assumption...
324 Views