SEHK:762Telecom
China Unicom (SEHK:762) Margin Improvement Reframes Value Narrative Despite Slower Growth
China Unicom (Hong Kong) (SEHK:762) posted earnings growth of 5.2% over the past year, behind its five-year average of 11.2% per year. Net profit margins inched up to 5.5% from 5.4% previously, and the company’s Price-to-Earnings ratio of 12.2x remains below both the industry average and its peer group. With forecast revenue and earnings growth expected to lag the broader Hong Kong market, these results indicate moderating momentum while also highlighting improved profitability and continued...