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The three major operators reported steady growth in half a year, "step by step" 5G to accelerate the digital transformation of enabling traditional industries.
The 2022 World 5G Congress ended successfully in Harbin, Heilongjiang Province.
Galaxy Securities: the emerging business income of the communications industry has increased significantly, and the new digital infrastructure has exceeded expectations.
More than 60,000 townships in Fujian Province have built 5G base stations and basically achieved 5G network coverage.
Chairman China Unicom: it is impossible for traffic charges to continue to fall sharply against the law.
World 5G Congress 2022: 5G commercial has entered a virtuous circle
The 2022 World 5G Congress opens today.
Hong Kong stocks closed (8.09) | the Hang Seng Index fell 0.21%. Hong Kong-funded real estate stocks rose and fell.
Zhitong financial APP learned that the market closed down throughout the day, the main board trading volume has been enlarged, the three major stock indexes are still trading near the 5-day moving average. In early trading, the volatility of the stock index expanded, the index fell first and then rose, and the Hang Seng Index rose about 1% at one point, breaking through the 10-day moving average. At midday, the index retreated quickly and then remained below parity. As of the close, the Hang Seng Index fell 0.21%, or 42.33 points, to 20003.44, with a full-day turnover of HK $82.184 billion; the State-owned Enterprises Index fell 0.39% to 6794.77; and the Hang Seng Technology Index fell 0.93% to 4295.24. Constant index position influence
Changes in Hong Kong stocks | Telecom operation stocks are up more than 4% after China Unicom's performance.
Driven by China Unicom's rise of more than 4%, telecom operation stocks rose generally, China Telecom Corporation rose 2.6%, China Mobile Limited, SmarTone Telecom, and HKT Trust and HKT rose slightly. On the news side, China Unicom yesterday disclosed interim results for 2022, achieving service revenue of 161 billion yuan, an increase of 8.3% over the same period last year, while corporate equity holders accounted for a profit of 11 billion yuan, an increase of 19.5% over the same period last year. Credit Suisse pointed out that the company's second-quarter revenue, EBITDA roughly in line with expectations, net profit slightly better than the bank forecast, maintain outperform market rating, target price of HK $5.60.
Citigroup: maintain the target price of HK $4.80 for China Unicom's (00762) "buy" rating
Zhitong Financial APP learned that Citigroup released a research report saying that it maintained China Unicom's (00762) "buy" rating with a target price of HK $4.80, had a positive view on the growth prospects of industrial Internet business and 5G opportunities, and considered its dividend yield of more than 8%, making the valuation attractive. The company's earnings in the first half of this year beat the bank's expectations, rising 19.5 per cent to 11 billion yuan from a year earlier, accounting for 66 per cent and 68 per cent of the bank and market profit forecasts for the full year, mainly because gross margins fell less than expected, the report said. The bank said that Unicom's revenue structure improved in the first half of the year, including industrial Internet revenue.
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