HU-CUNI@EC2611A

Jefferies Analyst Maintains Buy Rating for China Unicom (Hong Kong)

China Unicom and Huawei Release Mobile AI White Paper, Elevate AI×Wide Uplink to Network Construction Core

China Unicom Pushes Strategy Transformation towards Agent Internet

Morningstar Downgrades China Unicom's Fair Value Estimate and Maintains 'No Economic Moat' Rating

China Unicom (Hong Kong) Q4 2025 Earnings Show Slight Profit Increase

HSBC downgrades China Unicom to reduce rating

CLSA cuts profit forecasts and target price for China Unicom

UBS Downgrades China Unicom to Neutral

BOC International Downgrades China Unicom's Target Price But Maintains Buy Rating

China Unicom Estimates Capex at 50 Billion Yuan This Year with Over 35% on Computing Power

China Unicom Reports User Growth in the Regular Quarter

China Unicom's Full Year 2025 Revenue Grew by 0.7% to RMB 392.22 Billion

CHINA UNICOM released FY2025 Q4 earnings on March 19 Pre-Market (BJT), actual revenue HKD 110.36 B, actual EPS HKD 0.0293

CHINA UNICOM released FY2025 Annual Earnings on March 19 Pre-Market (BJT), actual revenue HKD 428.68 B (forecast HKD 441.97 B), actual EPS HKD 0.7432 (forecast HKD 0.7939)

CHINA UNICOM to Release FY2025 Earnings on March 19 Pre-Market (BJT), Forecast Revenue HKD 450.08 B, EPS HKD 0.8072

Baidu Wins Bid for Unicom's Large Model Innovation Factory Infrastructure Service Project

China Unicom and Huawei Launch AI Renewal Co-creation Action Plan

Huawei and China Unicom jointly launch the Universe ecosystem open platform

China Unicom Cloud Launches Full-scenario Deployment Solutions for Major Models Before the Spring Festival

China Unicom's Venture Arm Invests 1 Billion Yuan in CSTC Sci-Tech Fund

JOY SPREADER

DEEPEXI TECH

BUTONG GROUP

CHINA PARTYTIME

ALPHA PRO HLDGS

LUEN THAI

51WORLD

TRIO IND ELEC

TOMO HOLDINGS

HATCHER GROUP

159695

159511

600941

601728

515050

515880

00941

00762

600050

00728

The US Federal Communications Commission (FCC) is considering new restrictions that could force Chinese telecom operators, including China Mobile, China Telecom, and China Unicom, out of the American market. The proposed measures aim to bar these companies from operating data centers in the US, citing national security concerns. If implemented, the restrictions would extend to affiliates and subsidiaries, potentially requiring Chinese firms to sell or shut down their US operations. Analysts suggest the financial impact may be limited, as most revenue for these companies comes from domestic operations. A preliminary vote on the proposal is scheduled for April 30.

SCMP

Harvest CNI Communication ETF

China Southern CSI Communication Service ETF

China Mobile

CHINA TELECOM

ChinaAMC CSI 5G Communication ETF

Guotai CSI All Share Communications Equipment ETF

CHINA MOBILE

CHINA UNICOM

China Unicom

China telecoms face US exit risk as FCC deepens crackdown on data centres

US FCC Could Bar Top Chinese Telcos From Operating US Data Centers

marketscreener

US FCC Could Bar Top Chinese Telcos From Operating US Data Centers

ZTCOY

The U.S. FCC plans to prohibit Chinese telecommunications companies from establishing data centers in the U.S. and from connecting to them. The proposal will be voted on at the meeting on April 30 and involves China Mobile, China Telecom, and China Unicom. The FCC is also considering banning interconnections with companies using Huawei and ZTE equipment and expanding restrictions on companies on the national security list. The Chinese Embassy in the U.S. has expressed opposition, stating that this move is an overinterpretation of the concept of national security. The FCC has repeatedly restricted the operations of Chinese telecommunications companies in the U.S. in recent years

Stheadline

iShares US Telecommunications

ZTE Corporation

Comm Servcies Select Sector SPDR

SPDR S&P Telecom

Fullgoal CSI Communication Equipment Thematic ETF

The US FCC plans to impose further restrictions on Chinese telecommunications companies establishing data centers in the US

03988

JP Morgan released a report listing the defensive dividend theme stocks of Chinese companies, all of which received an "overweight" rating. The list includes China Mobile, target price HKD 110, dividend yield 6.5 cents; China Telecom, target price HKD 7.5, dividend yield 6.1 cents; China Unicom, target price HKD 12, dividend yield 6.8 cents; China Construction Bank, target price HKD 9.5, dividend yield 5 cents; ICBC, target price HKD 7.4, dividend yield 4.8 cents; Bank Of China, target price HKD 5.5, dividend yield 5 cents

AASTOCKS

BANK OF CHINA

China Construction Bank

ICBC

INDUSTRIAL & COMMERCIAL BK OF CHINA UNSP ADR EACH REPR 20 ORD SHS

Bank Of China

JP Morgan lists a defensive income theme list of Chinese stocks (Table)

Reuters

US considers new crackdown on Chinese telecom companies, FCC says

China Unicom Sets April Board Meeting to Approve First-Quarter 2026 Results

Tip Ranks

China Unicom Sets April Board Meeting to Approve First-Quarter 2026 Results

Jefferies analyst Edison Lee has maintained a Buy rating on China Unicom (Hong Kong) (0762) as of April 3, with a price target of HK$8.60. Lee, who focuses on the Technology sector, has an average return of 28.4% and a success rate of 58.65% on his stock recommendations. Additionally, DBS also holds a Buy rating for the stock with a price target of HK$8.70, as reported on March 24.

China Unicom (Hong Kong) (0762) Receives a Buy from Jefferies

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

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?

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.

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

Financial Analysis

CHINA MOBILE-R

CN Mobile HK SDR 5to1

HU-CUNI@EC2611A(28172.HK)

HU-CUNI@EC2611A Stock Performance Chart

China telecoms face US exit risk as FCC deepens crackdown on data centres

US FCC Could Bar Top Chinese Telcos From Operating US Data Centers

The US FCC plans to impose further restrictions on Chinese telecommunications companies establishing data centers in the US

JP Morgan lists a defensive income theme list of Chinese stocks (Table)

US considers new crackdown on Chinese telecom companies, FCC says