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<Research>BOCI Reiterates Buy on CHINA UNICOM; Fundamentals Solid, Efficiency Improving
Recommend 3 Positive 12 Negative 6 |
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CHINA UNICOM (00762.HK)'s FY25 net profit attributable to shareholders, driven by a 0.5% YoY growth in service revenue, grew by 1% YoY to RMB20.8 billion, according to BOCI's research report. The company's overall performance was largely in line with the broker's and the market's expectations. In the cloud business segment, CHINA UNICOM's cloud revenue rose by 5.2% YoY to RMB72.2 billion on an increase in cabinet utilization rate to over 72%. Its data center revenue also rose by 8.5% YoY to RMB28.1 billion, reflecting the ongoing release of demand for computing power infrastructure. BOCI has reiterated a Buy rating on CHINA UNICOM but trimmed its target price from HKD15.02 to HKD11.93. AAStocks Financial News |
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