China Unicom (Hong Kong) Limited (0762) Decline -0.18% on Sep 9

September 9, 2017 - By Peter Erickson

Shares of China Unicom (Hong Kong) Limited (HKG:0762) last traded at 11.34, representing a move of -0.18%, or -0.02 per share, on volume of 29.96M shares. After opening the trading day at 11.32, shares of China Unicom (Hong Kong) Limited traded in a close range. China Unicom (Hong Kong) Limited currently has a total float of 23.95 billion shares and on average sees 59.72 million shares exchange hands each day. The stock now has a 52-week low of 8.4 and high of 13.24.

What’s Behind Hong Kong’s Good Corporate Governance?

CG Watch, a biannual newsletter, has recently ranked Hong Kong as the second economy in Asia with the best corporate governance next to Singapore. China Unicom (Hong Kong) Limited company and its colleagues quickly became the part of Hong Kong trading life. Previously, Hong Kong has placed first. This feat is very telling of how compelling the environment for trade and commerce is in Hong Kong; and the Stock Exchange of Hong Kong (SEHK) plays an important role in driving national economic growth.

Equity Market in Hong Kong

Established in 1891, the SEHK is the primary stock exchange in the world. In Asia, it is the third largest stock exchange while in the world, it is currently placed sixth.

Meanwhile, the Hang Seng Index (HSI), which was first published on November 24, 1969, is the benchmark index measuring the 50 most actively traded companies on the SEHK. Presently, it is operated by the Hang Seng Bank (HSB) Hang Seng Indexes Company. As a free-float market-capitalization-weighted index, it represents about 60% of the total market valuation on the SEHK. China Unicom (Hong Kong) Limited are among those who use the advantages of being inside the index list.

The HSI had reached its all-time low of 58.61 on August 31, 1967. Shortly before the beginning of the 2008 Global Financial Crisis, it had reached its all-time high of 31,638.22 on October 30, 2007 as investors resorted to safe-haven assets in Asia. During that session, the HSI had reached an intraday high of 31,958.41.

The HSI had first reached the 10,000 mark on December 10,1993; the 20,000 mark on December 28, 2006; and the 30,000 level on October 18, 2007. When the 2008 Global Financial Crisis had broken out, it lost nearly 70% of its peak, closing at 10,676.28 on October 27, 2008.

Having been able to recover, the HSI had once again reached the 20,000 mark on July 24, 2009, closing at 20,063.93. On August 19, 2014, it had reached the 25,000 mark; on April 8, 2015, the 26,000 mark.

Trading in Hong Kong

For a company to be eligible for inclusion in the HSI, it must meet a set of criteria.

First, it must of course be listed on the SEHK for at least 24 months prior to a particular rebalancing period. However, a company can already be eligible for inclusion even if it has only been listed on the SEHK for at least three months provided that it has a compelling overall market performance and valuation.

A company must also belong to the top 90% of the total market capitalization on the SEHK; and to the top 90% total turnover on the SEHK.

The HSI is rebalanced quarterly using the base value of 100— the base date being July 31, 1964.

The regular trading session on the SEHK lasts from 9:30 a.m. until 4:00 p.m. There is also a pre-market trading session that lasts from 9:00 a.m. until 9:30 p.m. Investors must harry up to see what is going on with China Unicom (Hong Kong) Limited stocks.

Entering the Hong Kong equity market is ideal for investors nowadays. It is the best way to bank on the promising future of not just Hong Kong’s thriving economy but most especially that of Asia.

More notable recent China Unicom (Hong Kong) Limited (HKG:0762) news were published by: Reuters.com which released: “China Unicom HK posts 70 pct jump in H1 profit on lower costs” on August 16, 2017, also Bloomberg.com with their article: “China Unicom Said to Prepare Mixed-Ownership Announcement” published on April 05, 2017, Reuters.com published: “China Unicom’s $12 billion ownership-reforms plan mired in confusion” on August 17, 2017. More interesting news about China Unicom (Hong Kong) Limited (HKG:0762) were released by: Bloomberg.com and their article: “Unicom to Pump as Much as $11.3 Billion Into Hong Kong Unit” published on August 23, 2017 as well as Reuters.com‘s news article titled: “China Unicom profit jumps 79 percent on 4G, fixed-line businesses” with publication date: April 21, 2017.

China Unicom Limited is a Hong Kong investment holding firm principally engaged in the provision of telecommunications services. The company has market cap of $271.56 billion. The Company’s businesses include mobile businesses, fixed-line businesses and others. It has a 140.59 P/E ratio. The Company’s mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.