The general evaluation of CHINA COMMN (HK), a company active in the Integrated Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 18, 2022, the closin...
Ample room for re-rating Bucking the industry trend of declining telcos’ capex, China Comservice (“CCS”) again delivered a solid set of results for 1H18, posting revenue and earnings growth of 13.2% and 8.6% YoY respectively. Although the telcos haven’t substantially raised capex on 5G, CCS will be an early beneficiary of the 5G investment cycle, in our view. We nudged up our FY18E/19E revenue and earnings estimates by 3.7%/6.1% and 0.5%/1.7% and raised our DCF-based price target to HKD6.60...
More than just a value play China Comservice (CCS) continued to maintain stable revenue and profit growth in FY17, regardless of domestic telcos reducing capex for the third consecutive year. On the back of stable profit growth and 40% increase in free cash flow, CCS announced a special dividend, making a total final DPS of HKD0.141. We slightly trimmed our FY19E revenue and net profit estimates by 0.5% and 2.4%, respectively, and lowered our DCF-based price target to HKD5.80 (from HKD6.00)...
Don’t miss this 5G play While the market is in early exercise looking for beneficiaries of 5G, China Comservice (CCS)’s positioning as one of the most authentic 5G beneficiary is yet to be recognised, in our view. Our channel checks suggest a rebound in China telcos’ spending in transmission network and FTTx, which would benefit CCS. We nudged up our FY17/18/19E revenue and earnings estimates by 0.3%/0.5%/0.6% and 1.6%/4.1%/4.1% and raised our DCF-based price target to HKD6.0 (from HKD5.8)....
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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