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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Unicom (Hong Kong) Limited    0762   HK0000049939

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China Unicom HK Ltd : China Unicom Executive : Expect 3G Handset Subsidy To Continue To Rise This Year

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03/22/2012 | 10:47am CET

China Unicom (Hong Kong) Ltd. (CHU) expects 3G handset subsidy costs to continue to rise this year, an executive from the telecommunications firm said Thursday.

China Unicom, the country's second-largest mobile operator by subscribers after China Mobile Ltd., said Thursday costs from subsidizing 3G handsets in 2011 totaled CNY5.79 billion.

Meanwhile, the Chinese firm's collaboration with Apple Inc. (AAPL) has generated better-than-expected results for the Chinese firm for the last three years, China Unicom Executive Director Li Gang said at a press briefing.

Its net profit rose 14.2% to CNY4.2 billion last year as its 3G and fixed-line broadband businesses continued to grow.

-By Polly Hui and Esther Fung, Dow Jones Newswires; 86-21-6120-1200; esther.fung@dowjones.com

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Financials ( CNY)
Sales 2016 278 758 M
EBIT 2016 5 539 M
Net income 2016 1 819 M
Debt 2016 132 415 M
Yield 2016 0,95%
P/E ratio 2016 100,56
P/E ratio 2017 29,54
EV / Sales 2016 1,15x
EV / Sales 2017 1,04x
Capitalization 187 215 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 9,63  CNY
Spread / Average Target 23%
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Xiao Chu Wang Chairman & Chief Executive Officer
Yi Min Lu President & Executive Director
Fu Shen Li Chief Financial Officer & Executive Director
Shui Ming Chung Independent Non-Executive Director
Césareo Alierta Izuel Non-Executive Director
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