Global-Ex-U.S. Equity Strategy: Add Exposure To Technology, Communications
We view weakness in global equity markets over the past week as correcting a significant amount of the excess optimism. We recommend taking...
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China Mobile 4Q18 Trends Improved Slightly. It Remains Most Exposed to 5G Capex Uncertainty.
Chris Hoare downgraded China Mobile (941 HK) some time ago on rising concerns that 5G capex would be higher than expected. While China Unicom (762...
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China Telecom Mobile Business Recovered in 4Q. Broadly in Line with Expectations
China Telecom (728 HK), having delivered strong revenue growth but weak margins in 3Q18, delivered better 4Q numbers. Like its peers however, the...
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China Unicom Weak 4Q18 Mobile Results Offset by Strength in Fixed Line Business
China Unicom's (762 HK) recent 4Q18 results were not great. The overall figures look ok due to strength in the fixed line business which offset...
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China Tower. How Far Will It Rally?
China Tower (788 HK) has rallied strongly in recent months and the question raised repeatedly in recent client meetings was "how much further is...
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