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Hong Kong stocks movent: China United Network Communications (00762) rose more than 3% in the closing session, and the dividend rate of the operator may increase. The operation cash flow is expected to stabilize in the second half of the year.
China United Network Communications (00762) rose more than 3% in the final trading session, as of the time of writing, up 2.99% to HKD 6.21, with a turnover of HKD 0.125 billion.
Hong Kong stock concept tracking | Ministry of Industry and Information Technology's heavy document release! Which symbols will benefit from the mobile Internet of Things? (Attached concept stocks)
As of the end of July 2024, the number of mobile internet of things terminal users in China reached 2.547 billion households, accounting for 59% of the total number of mobile network terminal connections. The development of mobile internet of things has achieved significant results.
CICC expects the Hang Seng Index to hover between 16800 and 18300 points in September.
Yan Zhaojun, an analyst at CITIC International, believes that the current valuation of Hong Kong stocks is still low, and policy expectations will help repair valuation. The forecasted PE ratio of the Hang Seng Index is expected to recover to 8.3 times, but it is still at a historically low level. Based on factors such as fundamentals, profitability, capital, and valuation, it is expected that the reasonable operating range of the Hang Seng Index in September will be from 16,800 to 18,300 points.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The notice is based on the development pace of the mobile internet of things industry and the current status of mobile internet of things applications in various industries, and clarifies the development goal of the mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, which is the category 1 rate type of 4G network) and 5G (including NB-IoT, narrowband internet of things).
Here's Why China Unicom (Hong Kong) (HKG:762) Has Caught The Eye Of Investors
China United Network Communications (00762.HK) has appointed Haoli Qian as Senior Vice President.
On September 4, Gelonhui announced that Haoliqian was appointed as the Senior Vice President of China United Network Communications, effective from September 4, 2024.
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