Posts for Ticker ‘CHU’

Apple (AAPL) App’s Biggest Enemy–China

Apple (NASDAQ:AAPL) is counting on its relationship with China Unicom (NASDAQ:CHU) to drive iPhone sales in a nation which already has over 500 million mobile subscribers. The head of Unicom said he expects the iPhone to take 10% of China’s 3G users by the end of 2012 when the company forecasts there will be 240 million 3G customers nationwide.

The explosion of iPhone subscribers in China should cause millions of visits to the Apple App store as software programmers begin to write Chinese language software for the iPhone. Last month the store hit two billion app downloads worldwide since it inception. Read More »

Posted on: November 22, 2009 – 1:45 pm in Software, Telecom, Wireless, , ,

Apple (AAPL) iPhone Sales In China Only 5,000 During First Weekend

appleChina Unicom (NYSE:CHU) released its earnings yesterday and as part of its comments to investors it said it had only sold 5,000 iPhones since it started offering the handset.

China Unicom posted moderately good earnings. Its first three quarter’s financial statement said the big cellular company had revenue of 114,928 million RMB and 9,338 million RMB in net income.

Unicom Chairman Chang Xiaobing  said more than 1 million 3G subscribers had been signed up and that the launch of Apple’s iPhone would boost revenue in the fourth quarter. The firm did not give any more specific forecasts. Read More »

Posted on: November 3, 2009 – 9:25 am in China, Wireless, ,

Today’s Best Market Rumors (11/3/2009) (CHU)(AAPL)(LGF)

newspaperUpdates throughout the day.

Updated 10.33 AM EST: Royal Bank of Scotland may have to divest its majority interest in the RBS Sempra Commodities joint venture. (The Deal)

Bank of America (NYSE:BAC) may allow its CEO to be located in NYC and not the company’s headquarters in Charlotte (Bloomberg)

Fiat’s deal with Chrysler may end up helping the Italian company more than it does the American one. (Forbes)

Several states hard hit by the real estate downturn are considering suing large mortgage lenders.  (NYTimes)

GM’s board may decide the fate of Opel today.  (AP)

The New York State Pension Fund will put $1 billion into hedge funds  (Crain’s NY)

Studio Summit Entertainment may be a buy-out target for a larger studio like Lions Gate  (NYSE:LGF)  (LATimes)

China Unicom (NYSE:CHU) has only sold 5,000 Apple (NASDAQ:AAPL) iPhones. (Reuters)

Douglas A. McIntyre

Posted on: November 3, 2009 – 8:52 am in Rumors, , , ,

Low Demand For Apple (AAPL) iPhone In China

appleIn the United States, people will line up for blocks and camp out in the cold to be the first customers into Apple’s (NASDAQ:AAPL) retail stores when the consumer electronics wonder introduces a new product. The Chinese response to the introduction of the iPhone was muted.

The Wall Street Journal reports that iPhone sales in China may be slow, at least compared to those in the US. Among the reasons are a retail price that can be over $1,000 and the fact that two million iPhones has already been sold through unauthorized dealers. Read More »

Posted on: November 2, 2009 – 6:45 am in China, Wireless, , , ,

Subscriber Growth For Major Chinese Mobile Companies (CHL, CHU, CHA)

Today China Mobile (NYSE: CHL) posted big numbers in its subscriber growth, claiming 500 million mobile users.  By this metric, China Mobile can claim the title of the worlds biggest mobile company.  However, looking at subscribers in terms of percentage growth over the past year tells a different story.  The first chart below compares China Mobile, China Unicom (NYSE: CHU), and China Telecom (NYSE: CHA) on the basis of  monthly subscriber growth off the September 2008 base.  The second shows the monthly change in each stock price off their respective September 2008 price. (It should it be noted that there is a delay in the release of the monthly subscriber number for each company.)

Chart 1: Monthly Subscriber Growth, September 08-September 09

iChat Image(658297160)

Chart 2: Monthly change in stock price, September 08-September 09

iChat Image(2586538672)

While some may appreciate steady companies, its hard not to like the exponential growth in China Telecom’s mobile subscriber base.

Garrett W. McIntyre


Posted on: October 20, 2009 – 1:30 pm in Charts, China, Telecom, , ,

Apple (AAPL) iPhone To Launch In China With 1,000 Stores

appleApple (NASDAQ:AAPL) will launch the iPhone in China with China Unicom (NYSE:CHU) on October 30 with “1,000 points of sale,” according to a transcription of the company’s earnings call done by Seeking Alpha.

Apple commented on China Unicom’s plans. “They’ve announced the plans and prices that they’ll have for the device and for the service. There’s a very wide range here on the post-paid side from $18 a month all the way up to $85, $100 a month. At the higher price point an individual is able to actually get the device for free and it goes up as you go down the ARPU, as it would in most countries.” Read More »

Posted on: October 20, 2009 – 6:26 am in China, Wireless, ,

Media Digest 9/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   China may hold the key to a sanctions program against Iran.

Reuters:   The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US.

Reuters:   The G20 has set up a long struggle over bank capital rules. Read More »

Posted on: September 29, 2009 – 4:05 am in Press Digest, , , , , , , , , , , , , , , ,

Asia Markets And Europe Open 9/28/2009

chinaMarkets in Asia were markedly lower.

The Nikkei dropped 2.5% to 10,010. Honda (HMC) fell sharply.

The Hang Seng was off 1.5% to 20,697. China Unicom (CHU) and PetroChina (PTR) both fell.

The Shanghai Composite fell 2.7% to 2,764.

At the open in Europe, the FTSE was up .4% to 5,100. The Daxx was up 1% to 5,639 and the CAC 40 rose .1% to 3,742.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Posted on: September 28, 2009 – 3:26 am in International Markets, , ,

World’s Largest Cellular Company Still In Talks With Apple (AAPL)

appleApple (AAPL) has a deal with China Unicom (CHU) to sell its iPhone on the mainland. The deal, however, is not exclusive. The head of China Mobile (CHL), which has 500 million subscribers and is the world’s largest cellular company, says his firm is in talks with Apple about selling the iPhone, which would give the US company a second partner in the world’s most populous nation. Read More »

Posted on: September 11, 2009 – 5:34 am in China, Telecom, Wireless, , ,

Apple (AAPL) Finally Gets Its China Deal

appleApple (AAPL) finally has its deal to distribute the iPhone in China after months of rumors and speculation.

China Unicom (CHU), the second largest wireless carrier on the mainland, says it has reached  a three-year deal with Apple and will launch the iPhone toward the end of the year. Read More »

Posted on: August 28, 2009 – 5:43 am in China, Hardware, Telecom, Wireless, , ,

Asia Markets And Europe Open 8/27/2009

chinaMarkets in Asia were lower.

The Nikkei fell 1.6% to 10,474. Toyota (TM) fell.

The Hang Seng was down 1% to 20,243. China Unicom (CHU) moved on word of a relationship with Apple (AAPL).

The Shanghai Composite was down .7% to 2,946.

At the open in Europe, the FTSE was down .1% to 4,885. The Dax was off .3% to 5,505. The CAC 40 was flat at 3,668. Diageo (DEO) fell sharply

Douglas A. McIntyre

Posted on: August 27, 2009 – 3:27 am in International Markets, , , ,

Apple (AAPL) iPhone Launch In China Imminent, Risky

appleApple (AAPL) is about to launch its iPhone in China, the largest cellular phone market in the world. According to The Wall Street Journal, China Unicom (CHU), the second largest cellular carrier in the  country will be Apple’s partner. The paper reports, “Cynthia Meng, analyst for Merrill Lynch in Hong Kong, said in a report that she also expects the iPhone to launch in the fourth quarter this year, in conjunction with Unicom’s planned launch of 3G in October.”

Apple will have to contend with piracy as does every other technology companies that does business on the mainland. Read More »

Posted on: August 26, 2009 – 8:38 pm in China, Wireless, , , ,

Tracking The Value Of The World’s Major Brands

apple
Several companies run annual brand valuations. It is a good business for advertising and marketing firms to be viewed as experts on brands. Brand values are based on the cash flow they create, and there are a number of ways to measure that. The mathematical parts of the formulas are relatively easy. The part that is hard, because it requires skilled forecasting, is what the reputation and value of a brand is likely to be three or four years from the date the values are set. It would have been hard half a decade ago to predict that AIG (AIG), the brand of the world’s largest insurance company, would be virtually worthless today, or that Facebook would be an extremely valuable brand. There is both art and science to determining the future of brands. Read More »

Posted on: August 12, 2009 – 3:21 pm in Accounting, Banking, China, Consumer Electronics, Consumer Goods, Editor's Picks, Financial Stocks, Hardware, PC Companies, Research, Software, Telecom, Tobacco, Wireless, , , , , , , , , , , , , , , , , , , , , , , , ,

Asia Markets And Europe Open 7/28/2009

chinaMarkets in Asia were narrowly mixed.

The Nikkei was down a fraction of a percent at 10,087.

The Hang Seng was up 1% to 20,444. China Mobile (CHL) and China Unicom (CHU) both rose.

The Shanghai Composite was up .1% to 3,238.

At the open in Europe, The FTSE rose .4% to 4,605. BP (BP) moved up. The Dax increased by .3% to 5,267. Deutsche Bank (DB) was up sharply. The CAC 40 moved up .3% to 3,383.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Posted on: July 28, 2009 – 3:22 am in International Markets, , , ,

Asia Markets And Europe Open 7/22/2009

chinaMarket in Asia were mixed.

The Nikkei rose .8% to 9,723. Shares in Sony (SNE) dropped slightly.

The Hang Seng was down .5% to 19,406. China Mobile (CHL) and China Unicom (CHU) dropped.

The Shanghai Composite rose 2.7% to 3,297.

At the open in Europe, the FTSE was up .2% to 4,490. The Dax rose .1% to 5,101. The CAC 40 was up .2% to 3,303. BHP Billiton (BHP) iron-output was short of estimate.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Posted on: July 22, 2009 – 2:25 am in International Markets, , , ,

Asia Markets 7/13/2009 (CHU)(AAPL)

chinaMarkets across Asia dropped sharply

The Nikkei was off 2.6% to 9,050.

The Hang Seng was down 2.6% to 17,241. China Unicom (CHU) fell because a handset deal with Apple (AAPL) has not been announced.

The Shanghai Composite was off 1.1% to 3,081.

At the open in Europe, the FTSE fell .6% to 4,103. The Dax was off 1% to 4,531. The CAC 40 dropped .8% to 2,959.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Posted on: July 13, 2009 – 2:26 am in International Markets, ,

Asia Markets And Europe Open 7/7/2009

chinaMarkets in Asia were mixed.

The Nikkei was off .3% to 9,648. Toyota (TM) declined.

The Hang Seng was down .1% to 17,959. China Unicom (CHU) rose on rumors that it would sell the Apple (AAPL) iPhone.

The Shanghai Composite was off 1.1% to 3,065.

At the open in Europe, the FTSE was up .3% to 4,209. BHP Billiton (BHP) advanced. The Dax rose .3% to 4,663. The CAC 40 rose .1% to 3,086.

Data from Reuters and MarketWatch.

Douglas A. McIntyre

Posted on: July 7, 2009 – 2:21 am in International Markets, , , ,

Top Analyst Upgrades (AGN, CHU, ENDP, FLR, GD, LMT, MDZ, NETL, NUVA, SGR)

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Tuesday morning:

Allergan (AGN) Raised to Overweight at Thomas Weisel.
China Unicom (CHU) Raised to Buy at UBS.
Endo Pharmaceuticals (ENDP) Started as Overweight at Thomas Weisel.
Fluor (FLR) Started as Outperform at Baird.
General Dynamics (GD) Started as Outperform at Morgan Keegan.
Lockheed Martin (LMT) Started as Outperform at Morgan Keegan.
MDS Inc. (MDZ) Raised to Buy at Jefferies.
NetLogic (NETL) Raised to Buy at Piper Jaffray.
Nuvasive (NUVA) Raised to Buy at Needham.
Shaw Group (SGR) Started as Outperform at Baird.

JON C. OGG

Posted on: June 2, 2009 – 6:36 am in Analyst Calls, , , , , , , , , ,

Top Analyst Downgrades (APOL, STD, BA, BRKR, CHU, CME, GR, PCP, STX)

These are the top pre-market analyst downgrades or negative calls we have seen from Wall Street this Wednesday morning:

Apollo Group (APOL) Cut to Neutral at Baird.
Banco Santander (STD) Cut to Hold at Deutsche Bank.
Boeing (BA) Cut to Market Perform at Wachovia.
Bruker Corp. (BRKR) Cut to Neutral at UBS.
China Unicom (CHU) Cut to Sell at Citigroup.
CME Group (CME) Cut to Market Perform at Wachovia.
Goodrich (GR) Cut to Market Perform at Wachovia.
Precision Castparts (PCP) Cut to Market Perform at Wachovia.
Seagate Tech (STX) Cut to Sell at Deutsche Bank.

JON C. OGG

Posted on: April 1, 2009 – 6:46 am in Analyst Calls, , , , , , , , ,

Top Analyst Downgrades (ARMH, CHU, ERIC, EXPE, GGG, MTB, SNE, TEX)

burning-money-pic26These are the top downgrades and negative research calls we have seen so far from Wall Street analysts this Thursday morning:

Arm Holdings (ARMH) Cut to Neutral at Goldman Sachs.
China Unicom Hong Kong (CHU) Cut to Equal Weight at Morgan Stanley.
Ericsson (ERIC) Cut to Market Perform at Bernstein.
Expedia (EXPE) Cut to Neutral at JPMorgan.
Graco Inc. (GGG) Cut to Underperform at Baird.
M&T Bank (MTB) Cut to Hold at Citigroup.
Sanofi-Aventis (SNE) Reiterated as Underperform at Jefferies.
Terex (TEX) Cut to Masrket Perform at Wachovia.

JON C. OGG

Posted on: March 19, 2009 – 6:30 am in Analyst Calls, , , , , , , ,