China Unicom's increase narrowed and bearish only HK $7.94

Source: Internet
Author: User
Keywords China Unicom Hong Kong dollar increase
Tags based company discount high opening users view
After China Unicom's high opening today, its share price has narrowed to 0.95%, to HK $10.6 and 19.71 million shares.  Daiwa issued a report saying that maintaining China Unicom is weaker than the big city, with a 6-month target of HK $7.94, based on the bank's recurrent profit forecast for the 2009 fiscal year, the target price is equivalent to 14 times times the P/E ratio, at a price discount of 25%. Daiwa, which maintains a bearish view on Unicom, because the company has the best 3G standard WCDMA, but this does not automatically translate into rapid profit growth; Unicom's 3G strategy does not match the characteristics of Chinese users ' needs. In the same industry, China Unicom has the highest P/E ratio and lowest shareholder rate.
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