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China Unicom (Hong Kong) Limited (CHU)

  • Oct. 27, 2011, 10:56 AM
    China Unicom (CHU -2.5%) trades lower after posting a Q3 net profit of $248M, slightly below analyst estimates. Unicom, which claims over 189M wireless subscribers and is currently the only Chinese carrier selling the iPhone (AAPL), says its ARPU rose 9% Y/Y.
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  • Oct. 25, 2011, 1:27 PM
    China Mobile's (CHL) CEO says the carrier has 10M iPhone users on its 2G GSM network, even though rival CHU is the only Chinese carrier authorized to sell the device. He adds Apple (AAPL) has promised to develop an iPhone supporting the TD-LTE 4G standard China Mobile, which currently has over 633M subscribers, intends to adopt.
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  • Sep. 28, 2011, 4:40 PM
    China's IT ministry estimates the country had over 940M mobile subscribers at the end of August, 14% Y/Y. China's 3G base is pegged at 94.1M, up from less than 50M in December. Carriers CHL, CHU, and CHA benefit from overall subscriber growth, while chipmakers QCOM and MRVL gain from 3G adoption in particular. (previously)
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  • Sep. 8, 2011, 1:39 PM
    Quick take on GSMA data: Emerging market carriers such as CHL, CHU, CHA, AMX, and VIV will benefit from global wireless connection growth. Meanwhile, the low market share for CDMA demonstrates the growth opportunities remaining for Qualcomm (QCOM), as GSM users in emerging markets migrate to 3G CDMA networks.
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  • Aug. 24, 2011, 5:57 AM
    China Unicom (CHU): H1 net profit of 2.65B yuan ($415M), more than double consensus of 1.28B. Revenue of 101B (+23% Y/Y) beats by 2B. ARPU rose 9% to 46.8 yen on 3G growth; CHU - the only China operator to offer the iPhone (AAPL) - added 9.9M 3G users in H1 to 25.8M, vs. CHL's 37.6M and CHA's 23.6M. (PR)
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  • Aug. 4, 2011, 8:01 AM
    Gartner sees the number of mobile connections worldwide rising to 7.4B in 2015 from 5B in 2010, with mobile data revenue rising 115% along the way. Mobile data has been driving revenue growth for T, VZ and S, but the largest beneficiaries of these trends will likely be carriers in developing markets, such as CHL, CHU, MBT, and AMX.
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  • Jul. 22, 2011, 3:02 PM
    Wireless Intelligence sees China reaching 1B wireless subscribers by Q2 2012, with a quarter using 3G phones. Still, China's wireless penetration rate will only be 74%, leaving room for carriers China Mobile (CHL), China Unicom (CHU), and China Telecom (CHA) to grow further. MMI, SPRD, AAPL, and QCOM are some tech names poised to benefit.
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  • Jul. 20, 2011, 10:39 AM
    China Mobile (CHL +3.1%) gains on speculation it may offer Apple's (AAPL +2.4%) iPhone as early as September in a market that already saw a large monthly gain in mobile subscribers for June. Total subscriber tally: China Mobile 617M, China Unicom (CHU -1.1%) 182M, China Telecom (CHA -0.5%) 108M.
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  • Jul. 15, 2011, 10:53 AM
    China Unicom (CHU) hopes to profit from China's booming smartphone market by releasing phones using its Linux-based WoPhone platform. This follows plans by Alibaba (ALBCF.PK) and Baidu (BIDU) to develop their own mobile platforms. But given the headway already made in China by the iPhone and Android, these platforms have their work cut out for them.
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  • Jul. 7, 2011, 3:30 PM
    Baidu (BIDU), which previously inked a mobile search deal with China Unicom (CHU) is announcing a 70/30 joint venture with Japanese carrier NTT DoCoMo (DCM) that will create a site for Chinese mobile users. The site will provide a combination of Baidu's search capabilities and Japanese content such as games, animation, and comics.
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  • Jun. 17, 2011, 9:00 AM
    Premarket gainers: ZRAN +21%. NCT +18%. HRBN +16%. SPRD +9%. NBG +8%. DANG +6%. YOKU +6%. BBVA +5%. PRMW +6%. CTIC +5%. STD +5%. RENN +4%. TEF +4%. NOK +4%. ING +3%. BJ +3%. DB +3%. ALU +3%. DRYS +3%. BIDU +3%. SNY +3%.
    Losers: RIMM -16%. CBLI -15%. MIND -9%. LPL -6%. CHU -4%. WACLY -3%.
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  • Apr. 8, 2011, 8:59 AM
    Shares of China Unicom (CHU), China's only iPhone distributor, rallied 6.5% to a 2.5-year high Friday in Hong Kong after UBS said it believes CHU is best-positioned to take advantage of "explosive 3G growth" in the massive China wireless market.
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  • Jan. 31, 2011, 8:02 AM
    Wireless carrier China Unicom (CHU) reports its 2010 profits dropped by more than half, despite rapid sales growth. Its earnings were offset by subsidies it paid on handsets to attract users, and network maintenance costs. Analysts project it will report net income of $703M for the year.
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  • Jan. 4, 2011, 1:56 PM
    Skype's (EBAY -0.1%) Chinese partner TOM Group says its joint calling service is perfectly legal, even as the government cracks down on illicit web phone service providers. Certainly, it would hurt Skype's future IPO to be barred from the world's largest internet market. Right now, it's "business as usual," claims TOM.
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  • Dec. 31, 2010, 9:25 AM
    Skype (EBAY) says its Chinese service is still running, despite the government's threats to crack down on "illegal" web phone companies. The government hasn't said what action it will take against guilty firms. But this could boost locals like China Mobile (CHL).
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  • Dec. 13, 2010, 9:10 AM
    Premarket gainers: DNEX +20%. NSTC +20%. VLNC +9%. PZG +7%. PCBC +7%. LOCM +6%. XRA +5%. APWR +5%. HL +5%. JDSU +5%. PTIE +4%. CCME +5%. CVM +4%. IRE +4%. CHU +4%.
    Losers: NKTR -11%. OCZ -7%. ZSL -6%. HBAN -4%.
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Company Description
China Unicom (Hong Kong) Ltd though its subsidiaries, provides cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, ICT services, and business and data communications services in the PRC.
Sector: Technology
Country: China