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Trading in China Unicom shares suspended - HKEx

16 August 2017

COPYRIGHT VIOLATION WARNING: This news story was originally published by Stock Observer and is owned by of Stock Observer. Finally, Morgan Stanley cut China Unicom (Hong Kong) from an "overweight" rating to an "underweight" rating in a research report on Wednesday, July 5th. Integrated Investment Consultants LLC boosted its position in shares of China Mobile (Hong Kong) by 10.0% in the first quarter. The company's stock had a trading volume of 144,067 shares.

Share trading in China Unicom's Shanghai-listed unit has been halted since it said in early April it would be part of the government's mixed-ownership pilot. Capstone Asset Management Co. now owns 164,529 shares of the Wireless communications provider's stock valued at $9,087,000 after buying an additional 3,200 shares in the last quarter. Israel Discount Bank of NY acquired a new position in China Mobile (Hong Kong) during the first quarter worth about $119,000.

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Last month, China's top footwear retailer Belle International Holdings, which has been delisted from the Stock Exchange of Hong Kong after its privatisation, was removed from the Hang Seng Index. The firm has a 50-day moving average price of $14.60 and a 200 day moving average price of $13.50. Bbva Compass Bancshares Inc. now owns 43,969 shares of the Wireless communications provider's stock valued at $2,334,000 after buying an additional 8,907 shares during the period.

06/15/2016 - China Mobile (Hong Kong) Ltd. had its "buy" rating reiterated by analysts at Citigroup. Zacks Investment Research upgraded China Unicom (Hong Kong) from a "hold" rating to a "buy" rating and set a $16.00 price objective on the stock in a report on Wednesday, July 26th. Hedge funds and other institutional investors own 1.19% of the company's stock. The stock now has a consensus rating of "Hold" and an average target price of $60.00. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and global copyright & trademark law. Harding Loevner LP boosted its position in China Mobile (Hong Kong) by 2.6% in the first quarter. The legal version of this article can be accessed at https://sportsperspectives.com/2017/08/15/china-unicom-hong-kong-ltd-nysechu-given-average-recommendation-of-buy-by-analysts-updated.html. The stock's market capitalization is 229.65B, it has a 52-week low of 51.30 and a 52-week high of 63.72.

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Other major companies that have agreed to invest in China Unicom include insurer China Life Insurance 601628.SS , ride-hailing company DiDi Chuxing, and Shenzhen-based Chinese technology conglomerate Kuang-Chi Group. The operator ended June with 269.5 million mobile customers, of which 138.8 million were 4G customers, and 76.9 million fixed line broadband customers.

Looking ahead to the second half of the year, Unicom cautioned that the mandated abolition of domestic long distance and roaming fees on September 1 and cyclical increases in competition will place increasing pressure on the company's financial performance.

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Trading in China Unicom shares suspended - HKEx