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China United Network Communications (00762) rose nearly 2% in the afternoon of Hong Kong Stock Connect. The total number of users of the 'Grand Connection' has exceeded 1 billion households.
Jingu Financial News | China United Network Communications (00762) has surpassed 1 billion cumulative users with its 'Big Connection' program, with a slight increase in the afternoon, and as of press time, it was reported at 7.46 Hong Kong dollars, an increase of 1.91%, with a turnover of 0.19 billion Hong Kong dollars. In terms of news, the company announced that as of June 2024, the cumulative number of 'Big Connection' users reached approximately 1.066 billion, the cumulative number of 5G package users reached approximately 0.276 billion, and the cumulative number of internet of things terminal connections reached approximately 0.562 billion. The number of 5G industry virtual private network service customers was 12,016. The problem resolution rate of smart customer service customers in that month was 98.7%.
China United Network Communications (00762.HK) released its operational data for June: Cumulative number of 5G package users reached 0.276 billion households.
On July 22nd, Gelonhui: China United Network Communications (00762.HK) released its operational data for June 2024. As of June 2024, the total number of "Big Connection" users reached 1.065692 billion, the total number of 5G package users reached 276.15 million, and the cumulative number of Internet of Things (IoT) terminal connections reached 562.383 million.
China United Network Communications' problem-solving rate for June's intelligent customer service was 98.7%.
China United Network Communications (00762) announced that as of June 2024, the total number of 'Big Connection' users reached approximately 1.066 billion households, the total number of 5G package users reached approximately 0.276 billion households, and the total number of internet of things terminal connections reached approximately 0.562 billion households.
Nomura downgrades China United Network Communications' rating to 'neutral' and lowers target price to HK$7.
Nomura released a research report stating that it downgraded China United Network Communications (00762) from 'buy' to 'neutral' with a target price of 7 HKD, lowered from 7.1 HKD. The bank believes that Unicom's industry internet plus-related business may be impacted by the slowdown in economic growth, which may lead to lower service revenue growth in the second quarter than the industry average. At the same time, it is believed that Unicom's development in the government-enterprise digital business may affect its accounts receivable, resulting in bad debt risks and slower cash flow growth. The report pointed out that the company should be able to maintain a better net profit growth rate compared with the low-unit revenue growth forecast for the second quarter, benefiting from more rigorous cost control. The bank.
Hong Kong stocks move unexpectedly | Telecommunication sector rebounds in early trading. Morgan Stanley expects steady profits for the second quarter of telecom operators and reiterates its "shareholding" rating.
The telecommunication sector rebounded in early trading. As of press time, China United Network Communications (00762) rose 2.82% to HKD 7.28; China Telecom (00728) rose 2.8% to HKD 4.78; China Mobile (00941) rose 1.53% to HKD 76.15.
Telecommunication sector rebounds, China United Network Communications (00762) rises by 2.82%. MIIT promotes Beidou application pilot.
Golden Guard Financial News | Telecommunication sector rebounds, China United Network Communications (00762) up 2.82%, China Telecom (00728) up 2.58%, China Mobile (00941) up 1.84%, Hutchtel HK (00215) up 0.98%. Recently, the Ministry of Industry and Information Technology issued a notice on selecting pilot cities for Beidou scale application in the industrial and information fields. It proposed to actively carry out pilot work around the three areas of mass consumption, industrial manufacturing and integration innovation, combined with local Beidou industrial foundation, city development characteristics and construction situation, accelerate the increase of Beidou penetration rate, and promote Beidou equipment and applications towards Beidou III.
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