Hong Kong stocks movement | The telecommunication sector rose in the afternoon, with china united network communications (00762) at one point surging over 3%. ubs group stated that telecommunication companies are expected to achieve full-year profit guida

The telecommunication sector rose in the afternoon; as of the time of writing, china united network communications (00762) is up 2.62%, priced at 6.67 HKD; china telecom (00728) is up 0.88%, priced at 4.59 HKD; china mobile (00941) is up 0.62%, priced at 72.7 HKD.

Zhitong FinanceDec 4 01:16 ET

citic sec: Four industry associations have spoken out, calling for the localization of chips, which has a significant guiding role in the direction.

On December 3, 2024, the four major industry associations of china's semiconductors/autos/internet/communication companies collectively issued a statement, firmly opposing the usa's export restrictions against china, stating that relevant chip products from the usa are no longer safe or reliable, and calling for the active use of chips produced by domestic and foreign enterprises in china.

Zhitong FinanceDec 3 19:30 ET

Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.

In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.

cls.cnDec 3 19:29 ET

[Brokerage Focus] ubs group: The china telecom industry is experiencing a moderate recovery and telecom companies are expected to meet their full-year profit guidance.

Jingwu Financial News | In a recent research report by ubs group regarding china telecom industry, it was pointed out that, according to data from China's Ministry of Industry and Information Technology, in October 2024, telecommunication services revenue is expected to increase by 2.6% year-on-year, rebounding from 1.8% in the third quarter, but still remaining moderate compared to 1.6% in the same period last year. The report mentioned that mobile data revenue and fixed data revenue grew by 1.7% and 5.2% year-on-year, respectively, improving from 2.0% and 1.1% in September. Traditional telecommunication services revenue grew by 2.1% year-on-year, while value-added services revenue increased by 4.2%, compared to 5.0% in the third quarter and the same period last year.

金吾财讯Dec 3 04:23 ET

Hong Kong's HKBN Shares Jump After Receiving Acquisition Offer

WSJDec 2 23:32 ET

China Mobile Launches Up to HK$7.8 Billion Takeover Offer for HKBN

MT NewswiresDec 2 22:56 ET