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<Research>CLSA Lifts CHINA UNICOM (00762.HK) TP to $11, Keeps Rating at Outperform
Recommend 7 Positive 9 Negative 3 |
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CHINA UNICOM (00762.HK)'s 1H25 results missed expectations, CLSA published a research report saying. Total service revenue/ net profit increased by 1.5%/ 5% YoY to RMB178.4 billion/ RMB145.5 billion each, 0.9%/ 3.5% below the broker's forecasts. CLSA kept rating at Outperform for CHINA UNICOM, and lifted its target price from $9.5 to $11, reflecting a 20% reduction in the 10-year capital expenditure estimation, in line with management's guidance for stable capital expenditure plans, with a relatively flat capital expenditure assumption. AASTOCKS Financial News Website: www.aastocks.com |
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