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Equity Bottom-Up

China Unicom Hong Kong / Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/1016" target="_blank" data-smartkarma-citation="entities:1016:1">China Unicom (762 HK)</a> pre-released positive key data ahead of results which were then reported in detail late last week. Overall service revenue growth in 3Q was +6% YoY and within this, mobile service revenue growth accelerated to 9.8% from 7.5% in 2Q, while fixed revenue recovered modestly (2Q: -2.4%). The recovery story at China Unicom continues to play out with a strong revenue recovery and rising profitability and cash flow. It remains our preferred pick among the three Chinese operators.</p><p style="text-align: center;">…</p>

China Unicom (762 HK) pre-released positive key data ahead of results which were then reported in detail late last week. Overall service revenue growth in 3Q was +6% YoY and within this, mobile service revenue growth accelerated to 9.8% from 7.5% in 2Q, while fixed revenue recovered modestly (2Q: -2.4%). The recovery story at China Unicom continues to play out with a strong revenue recovery and rising profitability and cash flow. It remains our preferred pick among the three Chinese operators.…

Surging Data Traffic Drives Mobile Revenue Growth at China Unicom