China Unicom (Hong Kong) Records Nearly 283 Million 5G Subscribers in August
China Unicom Reports Strong August 2024 Performance
China United Network Communications (00762) achieved a customer problem resolution rate of 98.6% for its smart customer service in August.
china united network communications (00762) announced that as of August 2024, the total number of "Big Connection" users has reached approximately 1...
China Unicom (00762.HK) accelerated its 5G net additions to 3.492 million households in August.
China Unicom (00762.HK) announced that as of August this year, the total number of "Dalian Connect" users reached approximately 1.09 billion, with a net increase of 12.721 million users in a single month, faster than the net increase of 12.111 million users in July. Among them, the cumulative number of 5G package users reached around 0.282 billion, with a net increase of 3.492 million users in a single month, faster than the net increase of 2.882 million users in July.
Express News | China United Network Communications Hong Kong Stock: 5G package users reached 0.283 billion households
Express News | Within five years, central enterprises will fully establish a "scientific, rational, and efficient" board of directors.
Express News | fiberhome telecommunication technologies subsidiary won the bid for the 5.25 billion yuan project of china united network communications guizhou branch.
The Federal Reserve announces! 50 basis points cut, Powell's heavyweight statement!
The Fed's interest rate cut is finally here!
Express News | UNISOC and China United Network Communications jointly released the AI+5G+eSIM industry cooperation action plan.
Hong Kong stocks movent: China United Network Communications (00762) rose more than 3% in the closing session, and the dividend rate of the operator may increase. The operation cash flow is expected to stabilize in the second half of the year.
China United Network Communications (00762) rose more than 3% in the final trading session, as of the time of writing, up 2.99% to HKD 6.21, with a turnover of HKD 0.125 billion.
Hang Seng Index rose 167 points in the morning, with gains from Meituan and Xiaomi. Mainland real estate and pharmaceutical stocks also went up.
The market anticipates a rate cut in the United States next week, with the Dow rising 235 points or 0.6% overnight, and the Nasdaq rising 1%. Hong Kong stocks rose in early trading, with the Hang Seng opening 57 points higher. It briefly rose 300 points to 17,542 points and rose 167 points or 1% by midday, closing at 17,408 points. The HSCI rose 25 points or 0.7% to 3,501 points. The total turnover of the market reached 51.979 billion yuan in the first half of the day.
Hong Kong stock concept tracking | Ministry of Industry and Information Technology's heavy document release! Which symbols will benefit from the mobile Internet of Things? (Attached concept stocks)
As of the end of July 2024, the number of mobile internet of things terminal users in China reached 2.547 billion households, accounting for 59% of the total number of mobile network terminal connections. The development of mobile internet of things has achieved significant results.
CICC expects the Hang Seng Index to hover between 16800 and 18300 points in September.
Yan Zhaojun, an analyst at Zhongtai International, believes that the current valuation of Hong Kong stocks is still low, and policy expectations will help restore the valuation. It is forecasted that the Hang Seng Index pe will recover to 8.3 times, but it is still at a historically low level. Based on factors such as fundamentals, profitability, capital, and valuation, it is expected that the reasonable range for the Hang Seng Index in September is 16800 to 18300 points.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The "Notice" is based on the development pace of the mobile internet of things industry and the current situation of mobile internet of things applications in various industries, and clearly defines the development goals of mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, i.e. 4G networks with category 1 speed) and 5G (including NB-IoT, narrowband internet of things.
Hong Kong stock market anomaly | China Telecom (00728) fell more than 4%, leading the decline in the telecommunication sector. Morgan Stanley said that the second quarter performance is mixed, and uncertainty in future business has increased.
The telecommunication sector as a whole is declining. As of the time of publication, China Telecom (00728) fell by 3.79%, to 4.31 Hong Kong dollars; China United Network Communications (00762) fell by 3.64%, to 6.1 Hong Kong dollars; China Mobile (00941) fell by 1.6%, to 70.85 Hong Kong dollars.
Citi lowers Hang Seng Index target to 19,800 points by the end of the year, with H-share preferred stocks including Tencent, GDS Holdings, PICC, and haier smarthome, and raises its view on the telecom sector to "shareholding".
Citigroup released a research report, stating that among the 451 A-share and H-share companies covered, 32% recorded better-than-expected first-half performance, while 36% reported lower-than-expected performance. Due to the slowdown in China's economic growth, it is not surprising that a higher proportion of companies underperformed in terms of performance, considering the growth in electricity demand and the purchasing managers'index. In terms of industries, considering the outperformance and dividend yield of Chinese telecommunications stocks, Citigroup has raised its view on telecommunications stocks from 'neutral' to 'shareholding'; however, it is concerned about declining sales volume and prices, and has downgraded its view on basic materials stocks from 'shareholding' to 'neutral'. The bank also maintains its 'shareholding' view on industrial, internet, and technology stocks.
Express News | Beijing Seeyon Internet Software Corp. won the 2024 China United Network Communications International Agile Middle Platform Procurement Project.
Express News | The 2024 Low-altitude Economic Development Conference will focus on showcasing new achievements in industrial development.
Express News | FTSE China A50 Heavy Adjustment!
China Unicom Appoints New Senior Vice President
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