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4-Traders Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Huawei Culture Co Ltd    002502   CNE100000WQ5

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China's Huawei helps Cambodia enhance ICT development

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12/13/2016 | 04:45am CET

PHNOM PENH - Cambodian Prime Minister Samdech Techo Hun Sen met with Huawei Southeast Asia Region President David Sun, exchanging views on further cooperation in information and communication technology (ICT) development in Cambodia, said a news release from Huawei on Monday.

During the talks at the Peace Palace in Phnom Penh, David Sun praised Cambodia for the rapid development of ICT industry - the essential sector that was importantly contributing to socioeconomic development, the news release said.

"The vision of Huawei is to build a better connected world," he said. adding that "we will continue to invest in Cambodia in order to contribute to economic development, ICT talent training and social welfare activities."

David Sun said with Huawei's support, the first group of 11 Cambodian students had arrived in China and started their training at Huawei, and the second and third groups, selected by the Union of Youth Federations of Cambodia and Huawei, would be sent to China for training in 2017 and 2018.

For his part, the prime minister was confident that Huawei could participate in Cambodia's national broadband construction with the latest communication technologies to eliminate the digital divide and to make Cambodian youth's dream come true.

Huawei is a leading global information and communication technology (ICT) solutions provider. Started its business in Cambodia in 1999, Huawei has received strong support from the government, local telecom operators, and customers in ICT industry, the news release said.

To date, Huawei's communication network service has covered approximately 70 percent of the consumers in Cambodia, and Huawei mobile phones have ranked third for the share of the Cambodian market, it said.

It added that so far, Huawei has helped Cambodia cultivated more than 1,000 ICT talents.

(c) 2016 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CNY)
Sales 2016 1 140 M
EBIT 2016 296 M
Net income 2016 340 M
Debt 2016 -
Yield 2016 0,21%
P/E ratio 2016 29,68
P/E ratio 2017 21,52
Capi. / Sales 2016 8,82x
Capi. / Sales 2017 7,05x
Capitalization 10 060 M
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Mean consensus BUY
Number of Analysts 7
Average target price 17,9  CNY
Spread / Average Target 53%
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Managers
NameTitle
Xiang Bin Guo Vice Chairman & General Manager
Zhuo Cai Guo Chairman
Li Qiao Lin Chairman-Supervisory Board
Chu Jun Chen Chief Financial Officer, Director & Deputy GM
Liang Sheng Qiu Director & Deputy General Manager
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