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<Research>M Stanley Lifts CHINA UNICOM (00762.HK) TP by 19% to $9.5, Raises Rev. Forecasts
Recommend 10 Positive 16 Negative 3 |
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CHINA UNICOM (00762.HK)'s 1Q25 service revenue grew 2.1% YoY, while net profit rose 5.6% YoY, partly benefiting from accounting changes, Morgan Stanley released a research report saying. Morgan Stanley raised its FY2025-FY2027 revenue forecasts for CHINA UNICOM by 1.6-1.7%, and lowered its EBITDA forecasts by 4.2-4.5%. The broker also lifted its target price on CHINA UNICOM from $8 to $9.5, with rating at Overweight. AAStocks Financial News |
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