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China Unicom Hong Kong Ltd (0762.HK)

0762.HK on Hong Kong Stock

11.94HKD
15 Aug 2017
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Latest Key Developments (Source: Significant Developments)

China Unicom Hong Kong says HY profit attributable to equity shareholders of co RMB 2.42 bln
Wednesday, 16 Aug 2017 04:39am EDT 

Aug 16 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>::Company's service revenue for HY reached RMB124.11 billion, up by 3.2 pct year-on-year.HY revenue RMB138.16 billion versus RMB 140.26 billion.HY profit attributable to equity shareholders of company increased by 68.9 pct year-on-year to RMB2.42 billion.Expects that its financial performance will face increasing pressure in second half of year.Market competition is expected to intensify cyclically in second half of year.Company will cease to charge mobile domestic long-distance and roaming fees from 1 September 2017.Believes it has ability to raise funds from short, medium and long-term perspectives and maintain reasonable financing costs.Has sufficient funds to meet its working capital requirements and debt obligations.A share company, intermediate holding company, is currently contemplating a mixed- ownership reform plan.A share company expects to raise funds by way of a combination of non-public offering to certain investors and other methods."Net proceeds raised by A share company from issuance referred to above is expected to be injected into our group".Has not entered into any agreement in connection with any proposed subscription of shares of company by a share company.  Full Article

China Unicom Hong Kong posts operational statistics for July
Wednesday, 16 Aug 2017 04:38am EDT 

Aug 16 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:July aggregate number of mobile billing subscribers 270.717 million.July net addition of mobile billing subscribers 1.269 million.July aggregate number of 4G subscribers 145.229 million.July aggregate number of fixed-line broadband subscribers 76.979 million.July net addition of fixed-line broadband subscribers 0.058 million.July aggregate number of local access subscribers 62.972 million.  Full Article

China Unicom Hong Kong expects HY profit attributable to rise by about 68.9%
Friday, 11 Aug 2017 07:39am EDT 

Aug 11 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Updates on HY guidance.Profit attributable to equity shareholders of company for 1H2017 is expected to be about RMB 2.4 billion, up by about 68.9 pct yoy.HY EBITDA is expected to be approximately RMB 43.6 billion, up by about 5.5 pct year-on-year.Group's total revenue for first half of 2017 is expected to be approximately RMB 138.2 billion, down by about 1.5 pct year-on-year.Service revenue for first half of 2017 is expected to be approximately RMB 124.1 billion, up by about 3.2 pct year-on-year.Mobile service revenue is expected to be approximately RMB 76.8 billion, up by about 5.2 pct year-on-year.Broadband access revenue is expected to decline year-on-year, resulting in a flat fixed-line service revenue of approximately RMB 46.6 billion.Total operating cost is expected to be approximately RMB 133.5 billion for first half of 2017, down by about 2.5 pct year-on-year.Expects that group's financial performance in second half will face increasing pressure.  Full Article

China Unicom Hong Kong updates on progress of matters relating to mixed ownership reform
Wednesday, 9 Aug 2017 07:11am EDT 

Aug 9 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Updates on matters relating to mixed ownership reform.Recently obtained approval from National Development And Reform Commission regarding its mixed-ownership reform pilot-run plan."Company has been informed by Unicom A share company that it is still negotiating with potential investors".Unicom A share co noted recent media coverage.Coverage Regarding "China Unicom Established Operating Centers With Tencent & Alibaba & Speculation Of Mixed Ownership Reform Escalated".2 operating centers referred to in article are still in their initial stage of operation.Establishment of operating centers mentioned in article is not related to mixed ownership reform plan.Has been informed by Unicom A share co that it has not entered into any framework agreement with any potential investor.  Full Article

China Unicom Hong Kong clarifies on media coverage regarding its mixed ownership reform plan
Monday, 24 Jul 2017 05:04am EDT 

July 24 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Unicom Group recently obtained approval from National Development And Reform Commission regarding its mixed-ownership reform pilot-run plan.Unicom A share co is not aware of source of information in media reports and not entered into any legally binding documents with any potential investor.Unicom A share co noted that there have been media coverage about investors proposed to be introduced for its mixed ownership reform.Unicom A share company is still negotiating with potential investors.  Full Article

China Unicom reports operational statistics for June
Wednesday, 19 Jul 2017 05:26am EDT 

July 19 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Operational statistics for June 2017 .Net addition of mobile billing subscribers 1.091 million for June.For June, aggregate number of mobile billing subscribers 269.448 million.Aggregate number of 4G subscribers 138.808 million for June.‍June aggregate number of fixed-line broadband subscribers 76.921 million​.June net addition of fixed-line broadband subscribers 0.016 million.  Full Article

Hengtong Optic-electric wins China Unicom' bids to provide cables
Wednesday, 21 Jun 2017 11:05pm EDT 

June 22 (Reuters) - Hengtong Optic-electric Co Ltd <600487.SS> ::* Says co won two bids from China Unicom, to provide ordinary fiber optic cables and ribbon cables.  Full Article

China Unicom Hong Kong says May aggregate number of mobile billing subscribers 268.357 mln
Monday, 19 Jun 2017 04:43am EDT 

June 19 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:May aggregate number of mobile billing subscribers 268.357 million.In May ‍fixed-line business aggregate number of fixed-line broadband subscribers 76.905 million​.May net addition of mobile billing subscribers 1.053 million.  Full Article

China Unicom Hong Kong says Q1 net profit up by 79.3 pct
Friday, 21 Apr 2017 04:59am EDT 

April 21 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Qtrly profit attributable to equity shareholders of company amounted to RMB 862 million, up by 79.3% year-on-year.Qtrly revenue RMB 69.005 billion versus RMB 70.34 billion.Qtrly service revenue amounted to RMB 61,426 million, up by 2.4% year-on-year.Q1 mobile billing subscriber arpu was RMB 46.7, 4g subscriber arpu was RMB 73.9.  Full Article

China Unicom Hong Kong says for March aggregate number of mobile billing subscribers 266.265 mln
Friday, 21 Apr 2017 04:51am EDT 

April 21 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:For March aggregate number of mobile billing subscribers 266.265 million.For March net addition of mobile billing subscribers 0.641 million.For March aggregate number of fixed-line broadband subscribers 76.589 million.For March net addition of fixed-line broadband subscribers 0.357 million.For March aggregate number of 4G subscribers 122.726 million.For March net addition of 4G subscribers 6.613 million.  Full Article

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China Unicom's $12 billion ownership-reforms plan mired in confusion

HONG KONG Telecoms group China Unicom's $11.7 billion ownership-reforms plan, billed as a model case for revitalizing Chinese state firms with private capital, remained under a cloud on Friday, with confusion about fundraising details persisting.