Alert: Positive Investment/Fundamental Signals (4/30/18)-China Unicom (Hong Kong) Ltd (NYSE: CHU)


China Unicom (Hong Kong) Ltd (NYSE: CHU)



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.

About John Lafferty 44922 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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