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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.
China United Network Communications (600050.SH) will distribute an annual A-share cash dividend of 0.0524 yuan per share for 2023. The record date for the dividend is July 18th.
China United Network Communications (600050.SH) released the announcement of cash dividend implementation at the end of 2023. Based on the total share capital on the record date determined by the profit distribution announcement minus the shares of the repurchase special securities account, cash dividend of CNY 0.0524 per share (including tax) will be distributed. The record date for stock ownership is July 18, 2024, and the ex-dividend (interest) date is July 19, 2024.
Express News | China Unicom Passes Motion on Construction of Smart Computing Power in 2024
China United Network Communications (00762): Wang Limin appointed as Senior Vice President of the company.
China United Network Communications (00762) announced that Mr. Wang Limin has been appointed as Senior Vice President of the company, effective July 2024...
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