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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 CEST

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; [email protected]

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Financials ( CNY)
Sales 2017 284 310 M
EBIT 2017 8 752 M
Net income 2017 5 103 M
Debt 2017 94 691 M
Yield 2017 1,09%
P/E ratio 2017 42,31
P/E ratio 2018 21,61
EV / Sales 2017 1,08x
EV / Sales 2018 0,96x
Capitalization 213 079 M
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Number of Analysts 25
Average target price 11,0  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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