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600941

601728

00941

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00762

00728

UBS lowered the target prices for China Telecom and China Unicom, believing that the dividend growth potential for telecom stocks is limited. The report pointed out that the performance of the three major telecom operators in the mainland fell short of expectations in the fourth quarter of last year, affected by the macro economy and AI investments, with net profit growth below expectations. It is expected that this year will still be challenging, with value-added tax policies and transformation pressures affecting traditional telecom businesses. UBS has lowered the net profit forecasts for the three major telecom operators by 10% to 20%, maintaining a neutral rating, with China Mobile H shares as the top pick

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China Mobile

CHINA TELECOM

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China Unicom

CHINA UNICOM

UBS lowers target prices for China Telecom and China Unicom, expects limited dividend growth for telecom stocks

China's three major telecom operators are shifting their capital expenditure focus towards computing power amid slowing revenue growth. China Mobile plans to reduce overall spending by 9.5% to CNY136.6 billion, with a 62.4% increase in computing network investment. China United Network Communications aims for 35% of its capital expenditure to be on computing power, while China Telecommunications Corp. allocated about 25% of its CNY80.4 billion expenditure to computing infrastructure. Despite slow revenue growth, these firms are enhancing their computing capacities significantly.

Yicai

China’s Big Three Telcos Shift Spending Focus to Computing Power Amid AI Boom

80941

HCMD

China Mobile (600941.SH/00941.HK) released its 2025 annual report and Q4 results (to Dec 2025) after hours in Hong Kong on Mar 26, 2026. Key takeaway (1) operating metrics: revenue saw a slight uptick, while OP continued to trend higher.$CHINA MOBILE(00941.HK) reported Q4 2025 revenue of RMB 255.5bn, up 2.5% YoY. Telecom service revenue edged higher YoY this quarter, while product sales and related businesses grew about 14% YoY for the second straight quarter...

China Mobile: Tax Revamp Hit, Div. Still Intact?

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Bank of China has reaffirmed its Buy rating on China Unicom (Hong Kong) (0762), setting a price target of HK$11.93. The shares closed at HK$7.29. The overall analyst consensus for China Unicom is a Strong Buy, with an average price target of HK$9.92.

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Guotai CSI All Share Communications Equipment ETF

ChinaAMC CSI 5G Communication ETF

Harvest CNI Communication ETF

Bank of China Reaffirms Their Buy Rating on China Unicom (Hong Kong) (0762)

CLSA analyst maintained a Buy rating on China Unicom (Hong Kong) yesterday and set a price target of HK$8.80.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on China Unicom (Hong Kong) is a Moderate Buy with an average price target of HK$9.25.

CLSA Keeps Their Buy Rating on China Unicom (Hong Kong) (0762)

China Unicom (Hong Kong) reported Q4 FY 2025 revenue of CNY 99.2b and net income of CNY 816m, with a basic EPS of CNY 0.68. Revenue has fluctuated between CNY 92.8b and CNY 103.4b, while EPS has shown volatility, ranging from CNY 0.05 to CNY 0.28. Despite a bullish narrative around digital services and 5G growth, recent earnings growth is modest at 1%, with a stable net margin of 5.3%. The stock trades at a low P/E of 9.4x, but bears caution against slower growth forecasts compared to the market.

Simplywall

China Unicom Hong Kong Q4 EPS Volatility Tests Bullish Margin Expansion Story

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159511

China Unicom to Trim CAPEX, Boosts AI Spending

marketscreener

Tianhong CSI Computer Theme ETF

China Southern CSI Communication Service ETF

China Unicom to Trim CAPEX, Boosts AI Spending

China Unicom (Hong Kong) (SEHK:762) has experienced mixed share price performance, with a recent 0.4% decline and a 3.1% drop over the week, despite a 3.1% gain over the past month. The stock is currently trading at HK$7.54, significantly below the fair value estimate of HK$11.50, indicating it may be undervalued. The company has seen growth in digital services, but risks include weaker domestic demand and high investment costs. Investors are encouraged to weigh the potential rewards against risks before making decisions.

A Look At China Unicom (Hong Kong) (SEHK:762)’s Valuation After Mixed Recent Share Price Performance

MB-CUNI@EC2611A(27708.HK)

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UBS lowers target prices for China Telecom and China Unicom, expects limited dividend growth for telecom stocks

China’s Big Three Telcos Shift Spending Focus to Computing Power Amid AI Boom

China Mobile: Tax Revamp Hit, Div. Still Intact?

Bank of China Reaffirms Their Buy Rating on China Unicom (Hong Kong) (0762)

CLSA Keeps Their Buy Rating on China Unicom (Hong Kong) (0762)