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Industry Watch

CHU hits resistance level at $15

CHU hits resistance level at $15

August 9, 2013 (Chinavestor) China Unicom (NYSE:CHU), the second largest mobile carrier in China, jumped 6.74% on Thursday with sound volume. Investors want to know if this rally was sustainable or was it time to lock in profits?

The jump on Thursday came on top of a longer rally, starting as early as June 24. But as a price chart going back to the beginning of the year reveals, China Unicom (NYSE:CHU) hit a similar resistance level at this price earlier this year in the first week of May. Also, China Mobile (NYSE:CHL), listed in Hong Kong under ticker symbol HKG:0941, was among the weakest performing Hang Seng Index component on Friday. Obviously there is no wide support for the telecom sector.

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Industry Watch

4G Outlook in China

4G Outlook in China January 8, 2013 (Chinavestor) China Mobile Ltd (NYSE: CHL), the largest mobile operator in the world, successfully tested 4G trial network in Hong Kong on December 18th, 2012 now aiming to expand its...
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Industry Watch

China Telecom Industry Competition Report

China Telecom Industry Competition Report October 11, 2012 (Chinavestor) The telecommunication market in China is significant to the world market due to the large population base in China. There are three major players in this market: China ...
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Industry Watch

China Telecom 2011 Q3 slows

China Telecom 2011 Q3 slows October 28, 2011 (Chinavestor) Following footsteps of China Unicom (NYSE:CHU), China's largest fixed line carrier reported 2011 Q3 numbers. China Telecom (NYSE:CHA) reported revenues of RMB182,357 ...
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Industry Watch

Network costs dent net income for CHU

Network costs dent net income for CHU October 27, 2011 (Chinavestor) China Unicom (NYSE$:CHU) reported third quarter financials today. While revenues continues to grow at a healthy rate, thanks to 3G or smartphone subscribers, net inco...
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