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    762   HK0000049939

CHINA UNICOM (HONG KONG) LIMITED

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China stocks advance, Hong Kong falls on NYSE's U-turn to delist 3 Chinese telecoms

01/06/2021 | 11:50pm EDT

SHANGHAI, Jan 7 (Reuters) - Mainland China stocks advanced further on Thursday, with the blue-chip index hitting a fresh 13-year high, although Hong Kong shares came under pressure as the New York Stock Exchange said it would delist three Chinese telecom companies. ** At the midday break, the Shanghai Composite index was up 0.37% at 3,563.85 points, while China's blue-chip CSI300 index was up 1.01% to 5,472.38, the highest level since January 2008.

** The smaller Shenzhen index was up 0.22%, the start-up board ChiNext Composite index was higher by 0.78% and Shanghai's tech-focused STAR50 index was down 1.73%.

** Chinese H-shares listed in Hong Kong fell 1.3% to 10,758.31, while the Hang Seng Index was down 0.43% at 27,571.95.

** Hong Kong shares fell after the New York Stock Exchange said on Wednesday it would delist three Chinese telecom companies, confirming its latest U-turn on the matter.

** The American bourse's announcement came a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings.

** Hong Kong shares of China Unicom led losses among the three telecom stocks, falling 8.76% at midday, the biggest loser on the Hang Seng in the morning session. China Mobile fell 6.97% and China Telecom Corp dropped 8.48% at noon.

** The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said.

** "With the incoming Biden administration, hopes are running high there will be fewer policy flip-flops in U.S.-China issues. Even then, the recent fiasco over the NYSE's plans to delist three Chinese telecom companies suggest that nothing should be taken for granted," said Selena Ling, head of strategy and research at OCBC Bank. (Reporting by Winni Zhou and Andrew Galbraith; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MOBILE LIMITED 1.27% 47.75 End-of-day quote.8.03%
CHINA TELECOM CORPORATION LIMITED 0.77% 2.63 End-of-day quote.22.33%
CHINA UNICOM (HONG KONG) LIMITED 0.50% 3.99 End-of-day quote.-10.34%
HANG SENG -1.35% 24155.4 Real-time Quote.-10.08%
S&P/CITIC 300 INDEX 0.02% 4379.5 Delayed Quote.-5.09%
S&P/CITIC 50 INDEX -0.01% 4025.61 Delayed Quote.-14.44%
TENCENT HOLDINGS LIMITED 2.93% 463.2 End-of-day quote.-17.87%
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Analyst Recommendations on CHINA UNICOM (HONG KONG) LIMITED
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Financials
Sales 2021 326 B 50 420 M 50 420 M
Net income 2021 14 751 M 2 283 M 2 283 M
Net cash 2021 25 626 M 3 966 M 3 966 M
P/E ratio 2021 6,89x
Yield 2021 7,02%
Capitalization 101 B 15 683 M 15 676 M
EV / Sales 2021 0,23x
EV / Sales 2022 0,18x
Nbr of Employees 242 121
Free-Float 20,1%
Chart CHINA UNICOM (HONG KONG) LIMITED
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China Unicom (Hong Kong) Limited Technical Analysis Chart | 762 | HK0000049939 | MarketScreener
Technical analysis trends CHINA UNICOM (HONG KONG) LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 24
Last Close Price 3,31 CNY
Average target price 5,91 CNY
Spread / Average Target 78,6%
EPS Revisions
Managers and Directors
Lie Hong Liu Chairman & Chief Executive Officer
Zhong Yue Chen President & Executive Director
Shui Ming Chung Independent Non-Executive Director
Wing Lam Cheung Independent Non-Executive Director
Wai Ming Wong Independent Non-Executive Director
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