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CHU - China Mobile: Nice Dividend Coupled With Attractive Valuation
China Unicom (Hong Kong) Ltd
Currently, there are lots of uncertainties concerning the current condition of the coronavirus, and nobody knows what kind of difficulties could cause the second wave of the virus. So, we will continue to seek more safe-haven assets that could protect our investments during the probable turbulent times.
Thus we will explore a great company operating in the Chinese telecommunication sector: China Mobile (CHL).
The most attractive part of the stock is its high dividend yield, which stands at ~6%. The current yield is considerably higher than its 10-year average of