Gerade mit China Unicom eingedeckt

       
     

1.Pos kleiner KK 0,67 (2 KK's folgen noch)

Die China Aktien haben wohl alle eine Widergeburt

 

Greetings
Vgl mit China Mobile = gter Wert unbeachtet klre KGV, etc, ..;-)
alllerdigs "antizyklisch mit china mobile (makro-techn day to day, not general flow" (leg mal die Kurven überein)
v Glück

AFX News Limited
China Unicom end-Jan GSM mobile subscribers 106.88 mln vs 105.87 mln end-Dec
02.15.07, 6:00 PM ET

BEIJING (XFN-ASIA) - China Unicom Ltd (HK 0762; NYSE CHU) said subscribers to its global system for mobile (GSM) service rose to 106.88 mln at the end of January from 105.87 mln at end-December.

China Unicom (nyse: CHU - news - people ) said its post-paid GSM users rose by 556,000 last month, with the number of prepaid users up by 453,000.

Subscribers to its code division multiple access (CDMA) service totaled 36.86 mln, compared with 36.49 mln at the end of the previous month, the company said.

China Unicom said its post-paid CDMA subscribers rose by 343,000 in January, with prepaid users up by 24,000.

China Unicom, the country's second-largest wireless carrier after China Mobile (nyse: CHL - news - people ), also has a listed arm in Shanghai, China United Telecommunications Corp Ltd (SHA 600050).

   YeePay first launched the mobile top-up service with China Unicom in Beijing last June, with only one bank at the time -- the Industrial and Commercial Bank of China. Now YeePay has added support for two more banks -- China Merchant Bank and Bank of Beijing, providing more coverage for bank cards. YeePay has integrated its service with China Unicom's top-up line -- 96533. Users can dial this line to top-up their mobile accounts any time anywhere.

   YeePay has also launched an online channel that enables users to pay for their mobile bills on the internet by using bank card online payment. To top- up a mobile account, the user simply needs to enter a mobile phone number, a bank card number and a password at YeePay's website.

   YeePay's new promotion is just in time for the Chinese New Year, which is on February 18th this year. Traditionally this is the peak of mobile phone usage every year when people call friends and family to greet each other happy new year. YeePay expects an accelerated adoption of its mobile top-up service because of the Chinese New Year.

   YeePay is a leading e-payment service provider in China, with a mission to provide better e-payment solutions and value-added financial services through technology and innovation. Headquartered in Beijing, China, YeePay also has branch offices in Shanghai, Guangzhou, Chengdu and Hohhot. As the first company in China to provide a single platform integrating both online and offline electronic payments, YeePay's innovative solutions enable consumers and businesses to make and receive payments over the Internet, mobile and telephone securely, conveniently and cost effectively. YeePay has formed strategic partnerships with major banks in China. YeePay's customers include leading internet companies and ecommerce websites as well as many merchants in traditional industries, such as Baidu, Sohu, TOM Online, Shanda, KingSoft, DangDang, eLong, 800Buy, GoMe Electronics and China Unicom. YeePay was recognized as the "Best Payment Platform" by the China eCommerce Association and one of the "Top 50 Innovators" by the China Internet Society.

China Unicom Begins WiMAX Construction
March 15, 2007

China Unicom (CHU), which has tested WiMAX for about a year, has now formally initiated the scaled construction of its WiMAX network.

China Unicom recently held a special meeting, evaluating the results of its WiMAX tests and has issued some documents related to the construction of WiMAX network and a list of recommended WiMAX manufacturers to each of its provincial affiliates.

Both Datang and Potevia have appeared on China Unicom's list of recommended WiMAX equipment manufacturers. China Unicom previously concluded that WiMAX is a fixed wireless broadband access system with excellent communications effect that can help it solve its shortage of resource.

However, China Unicom has not disclosed such details as the scale, positioning and speed rate of WiMAX network to be constructed

 Pre-paid               0.027   0.025   0.076   0.048   0.016   0.045   0.004
--------------------------------------------------
Total subscribers       145.20  143.74  142.37  141.10  139.80  138.52  137.29
GSM                    107.95  106.88  105.87  104.97  104.04  103.12  102.22

==================================================
                         Feb.    Jan.    Dec.    Nov.    Oct.   Sept.    Aug.
                         2007    2007    2006    2006    2006    2006    2006
==================================================
                      -------------------- Million Users --------------------
 Post-paid              55.42   54.82   54.27   53.77   53.20   52.50   51.92
 Pre-paid               52.53   52.06   51.61   51.20   50.84   50.62   50.30
CDMA                    37.25   36.86   36.49   36.13   35.76   35.40   35.06
 Post-paid              34.16   33.80   33.45   33.17   32.84   32.50   32.21
 Pre-paid                3.09    3.06    3.04    2.96    2.92    2.90    2.85
==================================================

Note: Total subscriber and net addition figures are calculated by adding GSM and CDMA categories.

Source: China Unicom Ltd.  

AFX News Limited
China Unicom, Russian TTC to build overland Sino-Europe optical cable - report
03.22.07, 12:01 AM ET

BEIJING (XFN-ASIA) - China Unicom has signed an agreement with Russian Trans Telecom Company (TTC) for the two firms' to build an overland Sino-Europe optical cable with bandwidth of 10G bits, the China Business news reported, citing Unicom sources.

It said China Unicom (nyse: CHU - news - people ) declined to give the amount of investment involved nor the construction timetable.

Under the agreement, China Unicom is expected to expand its business to Europe though TTC's partners, the sources said.

They added that an overland optical cable can be repaired more conveniently than an undersea line.

Earlier other media reports said China Unicom has signed cooperation agreements with seven international telecom operators to strengthen its CDMA and international rolling businesses.

susan.wang@xfn.com

   
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AFX News Limited
Hong Kong shares turn higher; CNOOC, China Unicom up ahead of 2006 results
03.29.07, 12:32 AM ET


HONG KONG (XFN-ASIA) - Share prices turned higher as bargain-hunting interest in select blue chips helped the market reverse opening falls, dealers said.

CNOOC (nyse: CEO - news - people ) and China Unicom (nyse: CHU - news - people ) were in focus as they gained ahead of their 2006 results announcements later today.

However, the market's upside was capped by renewed concerns over US inflation following Federal Reserve chairman Ben Bernanke's testimony to congress last night.

Trade was also volatile ahead of the settlement of March futures contracts later in the day.

At 10.45 am, the Hang Seng Index was up 41.21 points or 0.21 pct at 19,595.08, off a low of 19,460.36 and high of

Mainland telcos -- except China Mobile (0941.HK: Quote, Profile , Research) -- rose sharply, extending recent gains amid renewed speculation of the sector's reorganisation which could see the country's number-two mobile provider, China Unicom (0762.HK: Quote, Profile , Research), sell its CDMA network to top fixed-line operator China Telecom (0728.HK: Quote, Profile , Research), while merging with China Netcom (0906.HK: Quote, Profile , Research).

China Telecom gained 1 percent to HK$3.93 in heavy trade. China Netcom leapt 3.7 percent to HK$20.05 and China Unicom jumped 2 percent to HK$11.02.  

Mar 29, 2007 16:32 DJ China Unicom 2006 Final Dividend CNY0.18 Vs CNY0.11
Mar 29, 2007 16:31 DJ China Unicom 2006 Revenue CNY94.29 Bln Vs CNY87.0 Bln
Mar 29, 2007 16:30 DJ China Unicom Year-Earlier Net Profit CNY4.93 Bln
Mar 29, 2007 16:29 DJ Analysts Expected China Unicom 06 Net Pft To Be CNY5.76 Bln
Mar 29, 2007 16:28 DJ China Unicom 2006 Net Profit CNY3.73 Bln

DJ China Unicom 2007 Capex CNY26.0 Bln Vs CNY21.55 Bl

Greetings

normale Reaktion nach gestern -2,7% = 11HK
allerdings
JPMOrgan underweight


viel Glück


China Unicom Ltd., the nation's second-biggest mobile-phone operator, fell 2.7 percent to HK$11.02 in Hong Kong after JPMorgan Chase & Co. lowered the stock to ``underweight'' from ``neutral.'' Profit this year will grow less than that of larger rival China Mobile Ltd., according to the brokerage's daily note.

03/29/07 14.22 14.51 14.11 14.34 +0.72 1697200 +5.29%

Composite Indicator
  Trend Spotter TM Buy

Short Term Indicators
  7 Day Average Directional Indicator Buy
  10 - 8 Day Moving Average Hilo Channel Buy
  20 Day Moving Average vs Price Buy
  20 - 50 Day MACD Oscillator Sell
  20 Day Bollinger Bands Buy

Short Term Indicators Average:  60% - Buy
20-Day Average Volume - 784830

Medium Term Indicators
  40 Day Commodity Channel Index Buy
  50 Day Moving Average vs Price Buy
  20 - 100 Day MACD Oscillator Sell
  50 Day Parabolic Time/Price Buy

Medium Term Indicators Average:  50% - Buy
50-Day Average Volume - 904830

Long Term Indicators
  60 Day Commodity Channel Index Buy
  100 Day Moving Average vs Price Buy
  50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average:  100% - Buy
100-Day Average Volume - 986515

Overall Average:  72% - Buy

Price Support Pivot Point Resistance
14.34 13.92 14.32 14.72

CHINA UNICOM 0762   9/5/2007
Action Reduce
Target Price $9.000
Reason

   * Excluding convertible bonds related gain of RMB146mn, China Unicom's 1Q07 earnings grew 31% yoy to RMB1.8bn, in-line with market forecast.
   * Strong growth in bottom line is driven by substantial decrease in net interest expense amounted to around RMB200mn. EBITDA rose only 8% to RMB8.3bn, versus China Mobile’s (941) 14% growth.
   * 1Q07 EBDITA margin improved from 4Q06’s 33.4% to 34.8%, showing efficient cost control.
   * Share price surged 24% in the past two months. HSI up only 2.5% at the same time.
   * Industry restructuring is unlikely to take place within the next 6 months.
   * Market share of 1Q net adds was 18%, lower than its 22% market share of existing subscribers, implying market share continues to be eaten up by China Mobile.
   * Trading at 22x 2007 PER with EPS growth of 14% in 2007 versus China Mobile's 18x with 24% EPS growth.  

Hallo, ich finde China immer sehr interessant. aber ich bin mir nicht sicher, ob die aktien nicht schon zu gut gelaufen sind. - nur als kommentar von meiner seite.

Alcatel-Lucent Signs $460 Million with China Mobile and China Unicom
China Mobile, the world's largest mobile operator, awarded a master contract valued at US$340 million to Alcatel-Lucent for mobile communications solutions and services. Under the deal, Alcatel-Lucent will provide China Mobile with GSM/GPRS/EDGE radio and core network equipment, customized solutions and related services that will support China Mobile’s GSM/GPRS/EDGE network expansion programs in 2007. This will enable China Mobile to expand into several new provincial markets in addition to growing its existing base. The contract was signed by Alcatel Shanghai Bell.

Separately, China Unicom awarded a contract valued at US$120 million to Alcatel-Lucent for a range of network projects in 2007. The projects include a CDMA2000 1xEV-DO Rev. A high-speed data network upgrade to be implemented in China Unicom’s network in Macau, as well as a further expansion in the CDMA core network, radio solutions, and applications that will support China Unicom’s broader mobile network expansion. The agreement also provides for GSM/GPRS/EDGE core and radio network solutions and optical network components in support of China Unicom’s GSM service offerings.
www.alcatel-lucent.com
16-May-07

   * In November 2006, China Mobile, the world's largest mobile operator, selected Alcatel for a full-scale, nationwide IP network deployment project. Financial terms were not disclosed. The contract was won through Alcatel Shanghai Bell. The project entails the deployment of the Alcatel 7750 Service Router and Alcatel 5620 Service Aware Manager in 13 densely-populated provinces and municipalities of China including: Beijing, Shanghai, Guangdong, Shanxi, Anhui, Gansu, Ningxia, Liaoning, Guizhou, Guangxi, Hunan, Jilin and Hainan.

China Unicom Upgrades GSM Network
Fri, May 18, 2007 China Unicom | GPRS | mobile

On May 17, China’s second largest mobile phone operator China Unicom announced that it has upgraded its GSM networks to offer mobile Internet connections and other GPRS based value added services. These services are currently available in more than 70 cities and they offer intermediate mobile data solution to Unicom’s 110 million GSM network users before China’s launch of the 3G network. Source: sina.com.cn  

China Unicom (HK) adds 1.623 mln new subscribers in April
Shanghai. May 23. INTERFAX-CHINA - China Unicom (HK), the listed arm of China's second largest mobile phone operator, said yesterday it added 1.623 million new mobile phone subscribers in April, pushing the carrier's total mobile phone subscriber base up to 148.505 million.
+upgrade Citigroup BUY

hallo leute

kann mir mal einer die bewegung in richtung osten erklären.
beobacht diese aktie schon seit längerer zeit und sie schafft einfach nicht die marke von 1,12€ zu durchbrechen

Gruß qiqi

Greetings
erklären nicht,*
aber sie kommt auf längere Sicht, nur nicht so massiv: Generell faktoren: HK Ausblick, generelle Börse, ansonsten wird sie von dem Schwung bis 2008 profitieren, aber keine Wunder erwarten...sondern ca 3H$ in den nächsten 3 Monaten....viel Glück

inside China

-hängt es von der Verteilung der Lizenzen 3G etc ab
-ob China Mobile Festanschlusslizenzen erhält
-wer den Internet Markt für sich ausmacht, etc etc
- ausserdem heimlich im Schatten "der Grossen"

US Markt NY RT14.96+1%
generelles upgrading
heute in HK +2.2% auf 11,7

MARKET TALK: Unicom Outperforms; Citi Lifts Tgt To HK$14.2

762 CHINA UNICOM 11.9 0.84 7.59 286,623 24,531

ob durch diese Nachricht endlich die 1,12 geknackt wird

60000 Stück Order und hinten dran gleich eine mit über 70000

Unicom adds 1.59m more users and gives upgrade nod to Ericsson

Benjamin Scent

Wednesday, June 20, 2007

Mainland mobile operator China Unicom (0762) added 1.59 million new users last month, bringing the number of subscribers at the mainland's No2 carrier up to 150.1 million as global equipment providers eagerly await the introduction of third-generation services in the world's largest market.

The larger of China Unicom's two networks - which is based on the European-backed GSM standard - attracted 1.139 million new users last month, bringing its total to 111.44 million.

The smaller network, based on the US-developed CDMA standard, saw an additional 451,000 new users, boosting the total to 38.66 million.

In April, China Unicom added 1.14 million new GSM customers and 483,000 CDMA customers, for a total of 1.623 million new customers.

China Mobile (0941) had 321.4 million subscribers on its GSM network at the end of April after adding a record 5.28 million new users that month.

China Mobile does not operate a CDMA network.

Meanwhile, Stockholm-based Ericsson announced it has been selected by China Unicom to upgrade its GSM network across six provinces to offer enhanced data services and provide capacity for an additional four million users.

"The framework agreement further increases Ericsson's GSM market share with China Unicom," the network infrastructure provider said in a statement Tuesday.

Under the eagreement, the Swedish company will deploy its mobile softswitch solution to raise Unicom's capacity on its networks in Jilin, Henan, Jiangsu, Yunnan, Hainan and Liaoning provinces.

"We are committed to supporting China Unicom in constantly evolving its network with our latest technology, and we are confident that our proven mobile softswitch solution will allow it to further enhance its service offerings to end users," Ericsson's greater China president Mats Olsson said.

Unicom recently selected Ericsson as a major supplier of general packet radio service, a faster version of GSM, core systems to upgrade its networks in eight provinces.

The provinces are Jilin, Henan, Jiangsu, Hubei, Anhui, Sichuan, Yunnan and Hainan.  

Zahlen zu Chinas Telekomindustrie
RTE
Peking 26.06.07 (www.emfis.com)
Der Umsatz des gesamten chinesischen Telekommunikationssektors betrug in den ersten fünf Monaten 318,67 Mrd. Yuan (41,82 Mrd. USD), so die Mitteilung des Ministeriums für Informationsindustrie. Gegenüber dem Vorjahreszeitraum ist das ein Anstieg um 10,1 Prozent.
Der reine Telekombereich erzielte einen Anstieg des Umsatzes von 9,6 Prozent auf 288,68 Mrd. Yuan (37,88 Mrd. USD) und der Postbereich von 15,2 Prozent auf 29,98 Mrd. Yuan (2,93 Mrd. USD).
Mit Ende Mai verzeichneten die Mobilfunkunternehmen Chinas zusammen 494,6 Millionen Nutzer, ein Anstieg gegenüber Ende 2006 von 33,51 Millionen. Insgesamt wurden in den ersten fünf Monaten 230,63 Mrd. gesendete SMS gezählt, 37,3 Prozent mehr als im Vorjahr.
Im Festnetzbereich stieg die Kundenzahl in den ersten fünf Monaten gegenüber dem Ende 2006 um 43,94 Millionen auf 372,21 Millionen.
Wertpapiere des Artikels:
CHINA TELECOM H ChartNewsNews
CHINA UNICOM LTD. ChartNewsNews
CHINA NETCOM GRP A ChartNewsNews
CHINA MOBILE (HK) ChartNewsNews
© www.emfis.com
EMFIS.COM

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2007-6-29   12:47:00 p.m. HKT, XFNA
BROKER CALL - China Unicom 'outperform' amid restructuring - Macquarie



-

BEIJING (XFN-ASIA) - Macquarie Research Equities said it is raising its call on China Unicom to ""outperform"" from ""underperform"" on potential benefits seen emerging from a restructuring.

""We have revised our status quo forecasts and explicitly modelled restructuring scenarios to value the company. This reflects our view that China Unicom is well positioned to extract some of the upside in value from its networks on sale to China Telecom and Netcom,"" Macquarie said in a note to investors.

Macquarie said in its negotiations with China Netcom to sell CDMA and GSM assets, Unicom is in a strong position to negotiate price.

""The key issue in the likely restructuring scenario for Unicom is what amount it will receive for selling its GSM and CDMA networks. Given the situation of an unwilling seller (Unicom) and forced buyers (China Telecom and Netcom) for which a mobile business is essential for future growth, we think that Unicom has the upper hand,"" the note added.

The target price was also raised to 15.54 hkd from 9.45.

Macquarie also revised 2007 earning per share downwards by 6.4 pct, 2008 EPS up by three pct and 2009 up by 10.7 pct.

At 12.23 pm, Hong Kong shares of China Unicom were down 0.16 hkd, or 1.17 pct, at 13.48 hkd.

(1 usd = 7.8 hkd)

andrew.pasek@xinhuafinance.com



xfnap/xfntm  

c
wieso wird so wenig gehandelt

wird hier eingesammelt zu noch günstigen Kursen und keiner merkt es,ich lach mich schlapp,würd auch gern mehr kaufen aber kein Geld zur Verfügung,schade!!Sollten ja auch mal wieder News kommen.

www.hkex.com.hk/listedco/listconews/sehk/...s.asp?id=000550967

China Unicom Target Raised To HK$16.5 Vs HK$10 By JP Morgan

China Unicom end-Sept GSM mobile subscribers 115.92 mln vs 114.76 mln end-Aug

China Unicom Ltd said subscribers for its GSM (global system for mobile) services stood at 115.92 mln at the end of September, against 114.76 mln at end-August.

The company said its post-paid GSM users rose by 6.07 mln in the first nine months of the year to 60.34 mln, while prepaid users were up by 3.97 mln to about 55.6 mln.
Subscribers for its code division multiple access (CDMA) service totaled 40.1 mln at the end of September, against 39.75 mln at the end of August, the mainland firm said.
Post-paid CDMA subscribers rose by 3.39 mln in the nine months to September to about 36.84 mln, while prepaid users were up 229,000 by to 3.27mln.

www.ftd.de/technik/it_telekommunikation/...0Funker/266568.html

China Unicom Jan-Sep Revenue CNY74.12 Bln Vs CNY70.23 Bln

China Unicom Jan-Sep Net Profit CNY5.11 Bln; Up 22%

China Unicom Ltd. (0762.HK) said Friday its net profit rose 22% in the first nine months, on growth in revenue and better cost control.

The Hong Kong-listed unit of China's second-largest mobile operator by subscribers said its net profit for the January-September period was CNY5.11 billion, up from CNY4.19 billion in the year-earlier period.

Revenue was CNY74.12 billion, up 5.5% from CNY70.23 billion in the year-earlier period.

Lehman Keeps China Unicom At Overweight

Lehman Brothers keeps China Unicom (0762.HK) at Overweight with target HK$20.00

after meeting CU's CFO. Says key messages from CU: CU will focus on enhancing its wireless value-added services to strengthen the growth engine for its subscriber base and earnings; a possibility that FY07 budgeted capex may not be fully spent due to lower equipment pricing; relationship with SK Telecom (017670.SE) continues to strengthen with recent conversion of convertible bonds. Stock off 2.6% at HK$15.04.

Hong Kong-listed China Unicom adds 1.49 mln subscribers in Oct


China Unicom Ltd said it added 1.49 mln new subscribers in October, compared with a net addition of 1.52 mln in September.

As of end-October, the company had a customer base of 157.52 mln, of which 117.05 mln used GSM cellular services and 40.47 mln used CDMA services.

China Unicom said its postpaid GSM users increased by 6.83 mln in the first ten months of the year, with the number of prepaid users up by 4.35 mln.

Postpaid CDMA subscribers also rose by 3.73 mln in the January to October period, while prepaid users increased by 245,000.  

Auf Grund des geplanten VK von ca 160 mio Aktien zu 4% unter dem gestrigen Schlusspreis gibt CUnicom heute -5,41% nach.
Wer auf einen stteigenden Markt setzt hat eine gute Gelegenheit.

762 CHINA UNICOM 16.06 0.92 5.42 2,767,740 171,852

An Institutional investor has hired JP Morgan to arrange a sale of 150M China Unicom (762) (hold) shares at between $16 and $16.2 each in order to raise up to $2.43B.

The price represents an up to 5.77% discount to the stock’s close of $16.98 yesterday. Despite the sale document did not identify the investor, it is expected to be SK Telecom.

The size of the deal is relatively small compared with the market cap of Unicom, it should not have great impact on the share price.

China Unicom raised to 'hold' on valuation

Daoheng Securities Ltd raised its call on China Unicom Ltd to ""hold"" from ""sell"" due to current affordable valuations for the company.

""The counter is now trading at 23.4 times 2008 PER with consensus EPS growth of 25 pct that we think is no longer expensive. We therefore upgrade China Unicom,"" Daoheng said in a note to investors.

The target price is 17.8 hkd.

The company's shares in Hong Kong today closed down 0.06 hkd, or 0.37 pct, at 16.1 hkd.  

Also outperforming is China Unicom (0762.HK), +6% at HK$15.90 after UBS lifts target to HK$20.40.

Hong Kong-listed China Unicom target raised to 20.4 hkd

UBS said it has raised its target price on China Unicom to 20.4 hkd from 17.5 to reflect a new growth driver in value-added services.

It also upgraded its EPS forecast for 2007 to 0.61 yuan from 0.58, while the 2008 forecast was raised to 0.73 from 0.70 and the 2009 projection to 0. 80 from 0.78, based on higher revenue growth and EBITDA margin forecasts.

It maintained a ""buy"" rating on the stock.

""Trading on 7 pct of China Mobile's market capital, we believe Unicom is still undervalued on an asset basis,"" UBS said, adding that the share price underperformance, relative to peers, in the past three months has created a particularly attractive buying opportunity.

It noted that China Unicom's ""hidden"" value could be released following an industry restructuring.

""We still view Unicom as a better restructuring play than the fixed-line stocks, as Unicom's improving fundamentals and exposure to overall mobile growth could be a good shield against the uncertainties associated with industry restructuring,"" UBS added.

At 3.00 pm, China Unicom shares were up 0.78 hkd or 5.2 pct at 15.78.

* Shares in mobile carrier China Unicom  rose 2
percent after local media reported that its chairman, Chang
Xiaobing, may become chief executive of bigger rival China Mobile
as part of a reshuffling of China's telecommunication
industry that is expected to begin later in May.

The telecom sector was in focus following a report China will announce personnel changes at the four main telecom operators Friday, likely signalling further action on a long-awaited industry restructuring.

The portals Sina.com and Sohu.com both reported that Zhang Chunjiang, general manager of China Netcom, will be named vice president of China Mobile. Wang Jianzhou, China Mobile's chairman and president, will keep his current position.

Meanwhile, Wang Xiaochu, the chairman of China Telecom, will retain his position while Chang Xiaobing, chairman of China Unicom, will be placed in charge of the working committee organizing the new China Unicom.

The reports said the restructuring will involve China Telecom buying China Unicom's CDMA business and China Unicom's GSM business merging with China Netcom.

China Mobile will merge with China Tietong Telecom, a railway-based telecom operator.

China Mobile, the nation's biggest mobile carrier, lost 1.2 percent at HK$128.50, while peer China Unicom gained 7 percent at HK$17.68.

China Telecom, the largest fixed line company in the mainland, rallied 5.3 percent to HK$5.57 and China Netcom surged 6.2 percent to HK$25.50.  

C unicom Ziel 12h$ (ca 1.2 x 09 PBR)

Unicom underperformed in den letzten Monaten (vgl C Mobile & C Telecom die je ca 2% verlieren C Unicom ca 19%)

derzeit wird über die 3G Einführung (Vergabe der Lizenszen disk) C Uncom fährt aber mit GSM/WCDMA chinese standard...demnächst

die Einkommensverluste Anfang 09 sind eingepreist

CU hat den besten "Schnitt" bei der Neuverteilung der assetts gemacht

On the other hand, CU is our top pick in Chinese telecom sector as it will adopt the world’s most popular GSM/WCDMA technologies that could lift its market share much faster than CT. Disposing CDMA network and the merger with China Netcom also enable CU to have abundant resources for network development with cost synergies.

Consider absence of cut throat discounts among Chinese telecom operators as suggested by key government officials and higher 3G ARPU, we see good prospect of CU’s earnings from 2010 onwards.

After all, CU should no doubt be the major beneficiary of restructuring in telecom industry. BUY and target price of $12.0 maintained.