CHL is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 9.92 right now. For comparison, its industry sports an…
TECHNOLOGY
China’s commercial satellite sector sees boost from ‘new infrastructure’ policy
China’s commercial satellite sector is expecting to see a boost after satellite internet was added to a list of “new infrastructures” to receive government support. ( read original story …)
China Reportedly Eying Pacific’s Largest Mobile Carrier
The strategic competition between China and Australia in the South Pacific looks likely to intensify with a potential attempt by China to gain a major share of the region’s telecommunications market. ( read original story…
Digicel denies talk of Pacific unit sale to China Mobile
We can categorically state that there is no basis to this whatsoever and that no approach has been made to us,” a spokesman for Digicel said, responding to a report in the Australian Financial Review…
Tencent’s Ma Huateng Overtakes Jack Ma As China’s Richest Again Amid Coronavirus Lockdowns
Shares of Ma Huateng’s internet gaming giant rose 14% so far this year to the highest in two years, thanks to strong demand for its mobile games during coronavirus lockdowns. ( read original story …)
China Mobile ‘running the slide rule’ over Pacific telco
Any deal involving the region’s biggest carrier could be affected by a sharp drop in traffic since the outbreak of the COVID-19 pandemic. ( read original story …)
Digicel Group denies report of Pacific unit sale to China Mobile
Jamaica-based mobile phone carrier Digicel Group denied an Australian newspaper report on Thursday and said there is “no basis whatsoever” that it would sell its Pacific unit to state-owned China … ( read original story…
Report: China preps for space warfare
China’s space warfare capabilities, including anti-satellite missiles and directed-energy weapons, pose growing threats to U.S. national security, according to a think tank report made public … ( read original story …)
China Inc. Is Unloved Abroad, Unwanted at Home
U.S.-listed mainland companies are facing an increasingly unfriendly climate in New York. Shanghai isn’t looking any better. ( read original story …)
Global funds invest more in China as coronavirus spreads to the rest of the world
“We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil,” Todd Willits, head of EPFR, said in a phone interview. “Allocations to China are something … ( read original…
China Market Update: Tencent Earnings Beat Estimates, MSCI To Increase China Weight In EM Index By 1%
Hong Kong volume leader Tencent (700 HK) eased -0.32% ahead of its earnings release while Meituan Dianping jumped +5.45% on news that MSCI would increase its index weight. ( read original story …)
Concern as China targets Pacific mobile networks
China Mobile is negotiating to buy the Pacific operations of Digicel, the heavily indebted carrier owned by Irish billionaire Dennis O’Brien. ( read original story …)
ZTE targets China Broadcasting Network with 4.9 GHz boast
Boasting about validation of the industry’s first 5G carrier aggregation on 700 MHz and 4.9 GHz might not be the biggest humblebrag but remember who has access to this spectrum. ( read original story …)
