[Exclusive Big V] Deng Shengxing: Mainland data is weak, Hong Kong stocks' trend is lacklustre.
On Wednesday, the Hang Seng Index closed at 17,113, down 60 points or 0.35%. The turnover of the market was 68 billion yuan throughout the day. The national index fell by 24 points or 0.40%, at 6025. The science and technology index fell by 33 points or 1%, to 3395. Tencent (00700), which released its semi-annual performance after the market closed, fell 1.3%, while Tencent Music (01698) dropped 18.1% at the close. Tencent announced after the market closed that its profits for the first half of the year were 107.578 billion yuan RMB, up 53% year-on-year based on non-IFRS financial reports. The Dow Jones industrial average closed on Wednesday (14th) at 4.
Shanghai CDXJ Digital Technology (603887.SH): Subsidiary selected for China Telecom Jiangbei 2024 computing project.
On August 14th, Gelonhui announced that on August 13th, 2024, China Communication Services Procurement Portal published the "China Telecom Jiangbei Data Center (Yizheng Park) 2024 Computing Infrastructure Maintenance Service Project Sole Source Procurement Announcement" and confirmed that the company's wholly-owned subsidiary, Hong Kong Systems Engineering Co., Ltd., is the sole source procurement supplier for the China Telecom Jiangbei 2024 Computing Project. The procurement budget is 1.5 billion yuan (inclusive of taxes).
[Brokerage Focus] Galaxy Securities: National integrated computing power system infrastructure expected to be strengthened.
Galaxy Securities said that the supply and demand of the algorithm network industry chain are both increasing, and high-quality symbols in sub-industries with improved prospects should be preferred. In the context of the digital economy's continuous pursuit of AI+ action and the empowerment of new applications on the industry, the new national integrated computing power system infrastructure is expected to be consolidated. The communication+AI new infrastructure industry chain is expected to have a higher expected growth rate, the ICT cornerstone optical network industry chain has double increase in supply and demand, the new technology of liquid cooling empowers the construction of data centers, and the operating performance of sub-industries is expected to marginally improve: there are great opportunities for submarine cables to go offshore, leading companies are expected to benefit first; operators improve quality and efficiency, high dividend payments bring out the value, and the reform of central governm
China Telecom (601728.SH): 0.662 billion restricted A-shares will be listed for circulation on August 20.
China Telecom (601728.SH) announced that the restricted shares to be listed this time are the first A-share restricted shares issued by the company...
HKEX Moves | Three major telecom operators rebound collectively, industry profit margin is expected to continue to improve, and factors such as shareholder returns are still attractive.
The three major mobile operators have rebounded. As of press time, China United Network Communications (00762) rose by 3.52%, to HKD 6.18; China Telecom (00728) rose by 2.38%, to HKD 4.3; and China Mobile (00941) rose by 1.9%, to HKD 72.25.
HK stocks fluctuate | China United Network Communications (00762) fell more than 5%, leading the decline in telecommunication sector. Institutions said that the performance of Chinese telecommunication stocks will be relatively weak in the first half of t
Telecommunication sector continued to decline early this morning. As of press time, China United Network Communications (00762) fell 5.05% to HKD 6.02; China Telecom (00728) fell 2.84% to HKD 4.11; China Mobile (00941) fell 0.35% to HKD 71.05.
South-to-North Water Transfer reduced holdings of multiple technology stocks, while North-to-South Water Transfer has been net buying Tencent for 12 consecutive days and selling China Mobile and China Telecom.
Track the latest trends of north-south directional funds.
Hong Kong stocks closed (08.09) and the Hang Seng Index rose 1.17%. Autos and mainland real estate stocks rose. The three major operators collectively fell.
The three major Hong Kong stock indices opened high and rose today, the Hang Seng Index successfully recovered the 17,000 mark, and the Heng Seng technology index rose more than 3% at one point. At the close, the Hang Seng Index rose 1.17% or 198.4 points to 17090.23 points.
Hong Kong stocks fluctuate | Telecommunication sector under pressure, China Mobile (00941) revenue growth slows down in the first half of the year, Lyon expects weak midterm performance of the industry.
The telecommunication sector is under pressure. As of press time, China Telecom (00728) fell 3.18% to HKD 4.26; China United Network Communications (00762) fell 2.88% to HKD 6.4; China Mobile (00941) fell 1.8% to HKD 70.95.
China Telecom (00728) fell 3.18% as the three major telecom operators came under pressure. Institutions predict that the industry's performance in the first half of the year may be relatively weak.
Jinwu Finance News | The three major telecommunications operators are collectively under pressure, with China Telecom (00728) falling by 3.18%, China Unicom (00762) falling by 2.88%, and China Mobile (00941) falling by 2.56%. On the news side, Citic Lyon issued a performance outlook for the telecommunications industry in the first half of 2024: growth is expected to slow down. The bank pointed out that Chinese telecom operators have benefited from potential dividend and tax reductions, and their performance has been remarkable so far this year. However, the bank believes that in the current economic downturn, governments and companies have postponed their information technology spending, so it is expected that the performance in the first half of 2024 may be weak.
China Telecom to Review Interim Results and Dividend
China Telecom (00728.HK) held a board of directors meeting on August 20 to approve the interim performance.
China Telecom (00728.HK) announced that the company's board of directors meeting will be held on August 20, 2024 (Tuesday) to approve the mid-year performance of the company and its subsidiaries up to June 30, 2024, including consideration of the distribution of mid-year dividends (if any).
CHINA TELECOM: DATE OF BOARD MEETING
[Brokerage Focus] CITIC Securities: Expects the growth of the telecommunications industry to slow down in the first half of 2024.
Jingu Financial Information | CITIC Lyon releases performance outlook on the telecommunications industry for the first half of 2024: growth will slow down. The bank pointed out that Chinese telecom operators have benefited from potential dividend tax reductions and have achieved considerable performance so far this year. However, the bank believes that in the current economic downturn, governments and enterprises have postponed spending on information technology, so it is expected that the performance of the first half of 2024 will be weak, and the growth of total service revenue will slow down to 3-4%. The revenue growth of China Mobile (00941) in industrial internet (cloud computing, IDC and big data) will slow down to double digits, while that of China Telecom (00728)
Lyon: believes that the profit margin of Chinese telecommunication sector can be sustainably improved, maintaining the "outperform the market" rating of the three major Chinese telecommunication sector stocks.
Lyon is bullish on the highest dividend yield of China Mobile (00941) at 7%, followed by China Telecom (00728) at 6%.
China Tower (00788.HK) will lease transmission and cloud resources to China United Network Communications and China Telecom.
On August 7th, Guolonghui reported that China Tower (00788.HK) announced that the company has entered into a framework agreement with China United Network Communications Group Co., Ltd. on August 7, 2024. According to the framework agreement, the Group will lease transmission resources and cloud resources, including but not limited to communication circuits, communication equipment, cloud dedicated lines and cloud equipment, from China United Network Communications Group Co., Ltd., and the lease term will be from August 7, 2024 to December 31, 2026. The company also entered into a framework agreement with China Telecom Group Co., Ltd. on August 7, 2024, according to the China Telecom Group Co., Ltd. framework agreement.
Hong Kong stock concept tracking | Three departments promote the collaborative project of computing power and electrical utilities, pay attention to investment opportunities in the computing power industry chain (with concept stocks).
The plan proposes to explore the implementation of a number of collaborative projects between computing power and electrical utilities, coordinate the development needs of datacenters and the endowment of new energy resources, scientifically integrate source and load storage resources, and carry out collaborative planning and layout of computing and electrical infrastructure.
Deng Shengxing, a special big V, said that the chance of the Fed's interest rate cut has greatly increased, and the trend of the market is leaning towards high-dividend stocks.
Jingu Financial News | The Hang Seng Index closed at 16,698 on Monday (5th), down 247 points or 1.46%. The total market turnover was 135 billion yuan. The National Index fell 98 points or 1.6%, to 5876. The Science and Technology Index fell 46 points or 1.4%, to 3339. The market anticipates that the Federal Reserve will soon cut interest rates, and individual real estate rental companies that are sensitive to interest rates perform well. Jiuzhou Property (01997) surged 6.2%, making it the best-performing blue chip. "Stock God" Warren Buffett's flagship investment company, Berkshire Hathaway, reduced its shareholding in Apple by nearly half, and Apple suppliers listed in Hong Kong also came under pressure. Cowell Electronics (014.
Express News | Exclusive - Chinese Finance Ministry Asked State Financial Institutions to Drop Pwc as Auditor-Sources
Returns On Capital At China Telecom (HKG:728) Have Stalled
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