China Unicom (Hong Kong) Ltd (NYSE: CHU)
ALERT – POSITIVE INVESTMENT/FUNDAMENTAL SIGNALS
Positive Investment/Fundamental Signals
China Unicom (Hong Kong) Ltd (NYSE: CHU) has recently enjoyed extremely important positive changes in investment behavior: price rise disrupts longer term downtrend, shorter term price trend turns up, and positive upside/downside volume.
China Unicom (Hong Kong) Ltd (NYSE: CHU). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CHU is expected to continue to be an important Value Eraser.
CHU has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CHU has a slightly negative Appreciation Score of 32 and a poor Power Rating of 15, leading to the Lowest Value Trend Rating.
Recent Price Action
China Unicom (Hong Kong) stock rose modestly on 4/30/18. The shares rose 0.9%, closing at $14.03. However, trading volume was unusually low at 58% of normal. The stock has been weak relative to the market over the last nine months but has risen 5.3% during the last week.