报告名称:China Unicom(00762.HK)1Q16 showed initial signs of mobile recovery; Maintain BUY
报告类型:港股研究
报告日期:2016-04-22
研究机构:招商证券(香港)
股票名称:中国联通
股票代码:CHU,00762
页数:9
简介:1Q16 4G net adds (+15.1mn)/ blended ARPU (RMB47) beat expectation. Mobile turnaround in 2Q16E highly likely
TowerCo benefits have just kicked in, EBITDA margin improved 8.1ppts QoQ to 28.4% on lower network expenses
Highest upside from TowerCo, reiterate BUY with TP of HK$11.86
下载地址:China Unicom(00762.HK)1Q16 showed initial signs of mobile recovery; Maintain BUY