Morgan Stanley released a research report stating that it will maintain China Unicom's H share “in sync with the market” rating and a target price of HK$7. The company's service revenue in the third quarter fell 0.4% year on year to 82.9 billion yuan, and EBITDA fell 10% year on year to 22.8 billion yuan, mainly affected by changes in employee expenditure patterns; net profit fell 31% year on year to 3.8 billion yuan. On the business side, China Unicom's computing power revenue in the first nine months increased 12.2% year on year, IDC revenue increased 10.4% year on year, and the total capacity exceeded 3GW.
Zhitongcaijing · 2d ago
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Morgan Stanley released a research report stating that it will maintain China Unicom's H share “in sync with the market” rating and a target price of HK$7. The company's service revenue in the third quarter fell 0.4% year on year to 82.9 billion yuan, and EBITDA fell 10% year on year to 22.8 billion yuan, mainly affected by changes in employee expenditure patterns; net profit fell 31% year on year to 3.8 billion yuan. On the business side, China Unicom's computing power revenue in the first nine months increased 12.2% year on year, IDC revenue increased 10.4% year on year, and the total capacity exceeded 3GW.
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