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Fly News Breaks for September 26, 2019
CHA, CHU
Sep 26, 2019 | 16:30 EDT
UBS analyst James Wang maintained a Buy rating on China Unicom (CHU), added it to the UBS APAC Key Call list, and raised his price target to HK$11.20 from HK$10.00. Wang believes the company has "one of the cheapest valuations among global telcos," and doesn't believe the company's positive changes, including its significantly larger co-build with China Telecom (CHA), are fully priced in.
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