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What China Communications Services Corporation Limited's (HKG:552) P/E Is Not Telling You
There wouldn't be many who think China Communications Services Corporation Limited's (HKG:552) price-to-earnings (or "P/E") ratio of 7.8x is worth a mention when the median P/E in Hong Kong is
Chinacomservice (00552.HK) received a shareholding of 0.78 million shares from FMR LLC.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on July 16, GuoLongHui reported that on July 10, 2024, Chinacomservice (00552.HK) received an increase of 0.78 million shares at an average price per share of HKD 4.4954, involving approximately HKD 3.5064 million. After the shareholding, the latest holding number of FMR LLC is 167,879,326 shares, and the shareholding ratio has risen from 6.99% to 7.02%.
Chinacomservice (00552.HK) and China Telecom have entered into a financial services framework agreement for 2024.
ChinaComService (00552.HK) announced on July 12th that the company entered into a financial services framework agreement with China Telecom Finance on July 12th, 2024. According to the agreement, China Telecom Finance agreed to provide the group with further financial services for a period of three years from January 1st, 2025 to December 31st, 2027.
htsc: How should telecommunications operators layout new productive forces?
The development of new industries such as low-altitude economy, vehicle-road cloud, satellite internet, and AI smart computing relies on the upgrade of underlying communication and digital infrastructure. As the national team for digital infrastructure, operators naturally undertake the mission of being the chain leader of the industry chain and serving national strategic needs.
Hong Kong Stock Market Dynamics: Chinacomservice (00552) rose over 3%. The domestic 5G user penetration rate has exceeded 60%. The company is the largest domestic telecom infrastructure service provider.
Chinacomservice (00552) rose over 3%, as of press time, up 3.61%, at HKD4.59, with a turnover of HKD 24.8282 million.
Hong Kong stocks fluctuate | The telecommunication sector continues its recent upswing. The three major telecom operators are exploring the commercial potential of 5G-A. Goldman Sachs says that dividend assets are still undervalued.
According to the news from Zhitong Finance APP, the telecommunication sector continues its recent upward trend. As of press time, Chinacomservice (00552) rose 4.29% to HKD 4.11; China United Network Communications (00762) rose 3.47% to HKD 7.16; China Mobile (00941) rose 2.07% to HKD 76.55; China Telecom (00728) rose 1.51% to HKD 4.72. On the news front, the 2024 Shanghai World Mobile Communications Conference started on June 26. The three major telecommunications operators including China Mobile have announced plans to lay out industries such as low-altitude economy to further tap into the 5G-A.
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