UBS Ups China Unicom Target Price to HK$10.5, Maintains 'Buy' Recommendation
2025-04-30 / Read about 0 minute
Author:小编   

UBS has elevated China Unicom's target price to HK$10.5 and retained its 'Buy' recommendation. The firm anticipates a growth in China Unicom's long-term cash flow, prompting an upward revision of its service revenue forecast from 2023 to 2027 by 1% to 2.5%. Concurrently, the assumed capital expenditure has been lowered by 10% to 15%, while the net profit projections for this year and the next have been trimmed by 3% to 5%. This adjustment reflects heightened investments in new ventures, partially mitigated by reduced depreciation expenses.