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Hong Kong stocks movement | The telecommunication sector rose in the afternoon, with china united network communications (00762) at one point surging over 3%. ubs group stated that telecommunication companies are expected to achieve full-year profit guida
The telecommunication sector rose in the afternoon; as of the time of writing, china united network communications (00762) is up 2.62%, priced at 6.67 HKD; china telecom (00728) is up 0.88%, priced at 4.59 HKD; china mobile (00941) is up 0.62%, priced at 72.7 HKD.
citic sec: Four industry associations have spoken out, calling for the localization of chips, which has a significant guiding role in the direction.
On December 3, 2024, the four major industry associations of china's semiconductors/autos/internet/communication companies collectively issued a statement, firmly opposing the usa's export restrictions against china, stating that relevant chip products from the usa are no longer safe or reliable, and calling for the active use of chips produced by domestic and foreign enterprises in china.
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
Express News | China Communications Enterprise Association: To ensure the security and stability of the information communication industry chain and supply chain, caution should be exercised in purchasing American chips.
【Brokerage Focus】 UBS Group: China telecom industry shows moderate recovery, telecom companies are expected to achieve annual profit guidance.
Jinwu Financial News | In a recent research report by ubs group on the telecommunication services industry in china, it was pointed out that according to data from the Ministry of Industry and Information Technology of china, the service revenue of the telecommunication industry in October 2024 is expected to grow by 2.6% year-on-year, a recovery compared to 1.8% in the third quarter, but still mild compared to 1.6% in the same period last year. The report mentions that mobile data revenue and fixed data revenue grew by 1.7% and 5.2% year-on-year, respectively, which is an improvement compared to 2.0% and 1.1% in September. Traditional telecommunication service revenue increased by 2.1%, while value-added service revenue grew by 4.2%, compared to 5.0% in the third quarter and the same period last year.
Hong Kong stock concept tracking | The State-owned Assets Supervision and Administration Commission + Development and Reform Commission improve the liability exemption mechanism for central enterprises. Institutions focus on the investment value of centra
Establishing a mechanism for due diligence and compliance to exempt accountability in two departments.
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