When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Chinese mobile telecom companies are extremely cheap, and China Unicom (CHU) is no exception. Using reasonable assumptions, it trades for around 2.4x 2019 EV/EBITDA. This is basically below any distressed stock trading in the U.S. markets, since it’s hard for a stock to even be distressed at 2.4x Debt/EBITDA, never mind EV/EBITDA.
China Unicom, of course, is not distressed. Still, the market Gods fear it like they fear most other international mobile telephony companies. Valuation-wise, you can find several companies trading at multiples similar to China Unicom’s. The thesis goes that 5G is