Citi Downgrades China Unicom (CHU) to Hold
More News related to CHU
- China Backhaul Capex Spending to Top $10 Billion in 2009-2010
- China Cablecom Announces Broadband Development Agreement With Hubei Unicom
- Channel Appoints Frank Crerie and Richard Schutte to Advisory Committee, Grants Stock Options
- Channel Appoints Frank Crerie and Richard Schutte to Advisory Committee, Grants Stock Options
- Morgan Stanley Upgrades CHU to Overweight, Downgrades CHL, CHA to Equal Weight
Citi downgrades China Unicom (NYSE: CHU) from Buy to Hold.
Citi analyst says, "Challenging years ahead. MOU/ARPU weakness and negative price elasticity in '08 do not bode well for a more competitive market in '09. CU could be caught in a technology transition (pending WCDMA launch), while CT is in full assault. Downside risk to margins if CU is forced to follow CT's handset subsidy."
China Unicom (Hong Kong) Limited, formerly China Unicom Limited, is an investment holding company.
Related Categories
DowngradesStocks Mentioned
-0.15Related Entities
Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Is 'analyst' still a profession?
Joe N Zhou on Nov 13, 2008 12:07 PMThese analysts upgrade a stock when it is high and going up, and downgrade it when it is low and going down. All they do is help their clients 'buy high and sell low'. I am so surprised that they could stay in their job after all these losses investors suffered during the past quarter century.