Movement Alert｜CHINA UNICOM Intraday Rise 3.17% in Regular Trading, Buy Ratings Help Support the Shares

Market Focus11-02

On November 2, CHINA UNICOM posted an Intraday Rise of 3.17% in Regular Trading, with the stock trading at HK$5.35 and turnover of HK$51.10 million.

The clearest catalyst in public information was continued supportive brokerage commentary after the company’s latest quarterly results, with recent reports maintaining buy recommendations and relatively upbeat target prices.

After the October 29 earnings release, the company reported third-quarter revenue of RMB93.28 billion, up 0.5% year over year, while third-quarter attributable net profit fell 31.33% to RMB1.664 billion. Even so, brokers highlighted stronger-growth areas including computing power revenue, which rose 12.2% in the first three quarters, smart computing center revenue up 10.4%, and international business revenue up 14.5%. Recent views kept H-share buy ratings and targets such as HK$7 and HK$8.3, helping underpin sentiment despite weaker profit trends.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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