- China Unicom HK’s net income for the fiscal year met the estimated figures.
- The net income reached 18.73 billion yuan, almost reaching the estimated 18.8 billion yuan.
- Revenue was reported at 372.60 billion yuan, slightly below the estimated 376.74 billion yuan.
- A final dividend per share was declared at 13.36 RMB cents.
- The company’s performance has been rated positively with 20 buys, 1 hold and 0 sells.
China Unicom Hong Kong on Smartkarma
Brian Freitas and David Blennerhassett, two top independent analysts on Smartkarma, have recently published their insights and analyses on China Unicom Hong Kong (762 HK), a company that has been making headlines in the investment world.
In his report, Brian Freitas highlights the company’s inclusion in the HSCEI index, replacing Zhongsheng Group (881 HK), and the increase in short positions and cumulative excess volume on Zhongsheng Group. Meanwhile, David Blennerhassett recommends going long on China Unicom Hong Kong due to its cheaper valuation compared to its parent company, China United Network A. Both analysts also mention the positive impact of the HSCEI index rebalance on the company’s 2024 dividends.
Brian Freitas also gives a preview of the upcoming HSCEI index rebalance, with China Unicom Hong Kong likely to be added to the index as the highest ranked non-index constituent. He estimates a one-way turnover of HK$1.38bn, with Meituan, Alibaba, and Tencent being capped higher. He also notes the potential for China Unicom Hong Kong to move higher as it is currently supported by its moving averages, while Zhongsheng Group has been trading below its moving averages.
A look at China Unicom Hong Kong Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Unicom Hong Kong, a telecommunications company based in Hong Kong, has a promising long-term outlook according to the Smartkarma Smart Scores. The company has received a score of 4 out of 5 for its value, dividend, growth, resilience, and momentum, indicating strong performance across all factors.
China Unicom Hong Kong offers a range of services including cellular, paging, long distance, data, and Internet services in China. With a high score in growth, the company is expected to continue expanding its services and market share in the future. Additionally, its resilience score suggests that it is well-positioned to weather any potential challenges in the industry. Overall, China Unicom Hong Kong‘s strong performance in the Smartkarma Smart Scores indicates a positive long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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