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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:16 EDTCHU, CHL, CHAChinese telcos confirm establishment of tower facilities joint venture
China Telecom (CHA) announced that the company, China United Network Communications (CHU) and China Mobile (CHL) entered into a promoters’ agreement to jointly establish China Communications Facilities Services Corporation Limited. The registered share capital of the tower venture is RMB10B. The three companies intend to subscribe for 2.99B shares, 3.01B shares and 4.00B shares of the tower company respectively in cash at a par value of RMB1.00 per share, representing a shareholding percentage of 29.9%, 30.1% and 40.0%, respectively. The tower venture company will primarily engage in the construction, maintenance and operation of telecommunications towers, and will also engage in the construction, maintenance and operation of ancillary facilities such as control rooms, power supply systems and air conditioning systems of base stations, etc and indoor distribution systems as well as the provision of outsourcing maintenance services for base station equipment. At present, the respective parties are at a preliminary stage of considering potential injections of certain telecommunications assets into the tower company, China Telecom stated.
News For CHA;CHL;CHU From The Last 14 Days
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April 15, 2015
10:00 EDTCHU, CHAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
07:29 EDTCHA, CHU, CHLChina Telecom upgraded to Outperform from Market Perform at Bernstein
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07:23 EDTCHA, CHU, CHLChina Unicom upgraded to Outperform from Underperform at Bernstein
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07:13 EDTCHAChina Telecom upgraded to Outperform from Market Perform at Bernstein
Bernstein upgraded China Telecom to Outperform saying the opening of the Hong Kong/Shanghai connect and upside from the JV Tower Co will provide significant support for the sector.
07:12 EDTCHUChina Unicom upgraded to Outperform from Underperform at Bernstein
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April 14, 2015
10:50 EDTCHLOptions with increasing implied volatility
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April 9, 2015
12:22 EDTCHLChina Mobile volatility at upper end of six-year range as shares 80-month high
China Mobile overall option implied volatility of 26 compares to its 26-week average of 24 according to Track Data, suggesting larger price movement.
April 8, 2015
10:45 EDTCHLHigh option volume stocks
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