On August 20, CHINA UNICOM rose 3.18% in regular trading, trading at HKD 5.665/share, with turnover of HKD 175 million.

The rebound follows a sharp selloff of over 9% on August 19 after the company disclosed its interim results on August 18. H1 net profit came in at RMB 9.5 billion, down 34.6% year-over-year, while the board decided not to declare an interim dividend. However, the company noted that profit pressure was primarily due to timing changes in labor cost investment, and guided that the full-year profit decline would narrow significantly.

After the steep prior-session decline, the market began re-pricing several positive factors: operating cash net inflow of RMB 33.3 billion, up 13.6% YoY to a multi-year high; and computing power revenue of RMB 41.9 billion, up 13% YoY, with smart computing center revenue growing 11% and intelligent computing revenue growing 9%. Capital expenditure on computing power rose over 80% YoY, now accounting for 37% of total capex.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)