China Unicom (SEHK:762) Valuation in Focus After Strong Earnings and Subscriber Growth

China Unicom (Hong Kong) (SEHK:762) just released its latest earnings, reporting higher revenue and net income for the nine months ended September 2025 compared to last year. The company also updated investors about its growing subscriber and network numbers.

See our latest analysis for China Unicom (Hong Kong).

Momentum has been strong for China Unicom (Hong Kong), with its recent results reflected not just in the books, but also in investor sentiment. The company’s share price has climbed 29.5% year-to-date, while its one-year total shareholder return stands out at 44%. Looking longer term, the three-year total shareholder return has reached 219%, highlighting both renewed optimism and a broader shift in how the market is valuing its growth strategy.

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With solid gains in both financials and subscriber numbers, the question becomes clear: is China Unicom still undervalued, or have markets already accounted for this growth surge and priced in future expectations?

Most Popular Narrative: 18.9% Undervalued

Compared to the latest closing price of HK$9.35, the most widely followed narrative charts a path to a fair value of HK$11.52 for China Unicom (Hong Kong). This view positions current market pricing as a notable discount and raises the question of what is powering such optimism about the company's outlook.

Ongoing investment in advanced networks, AI, and sustainable infrastructure enhances competitiveness and underpins long-term earnings and margin expansion. Domestic and international infrastructure upgrades, enhanced by partnerships and green energy integration, allow for scaling of intelligent and sustainable digital services. This results in both cost management benefits and additional market access, likely supporting EBITDA growth and more resilient capital returns.

Read the complete narrative.

Curious which financial levers justify a fair value meaningfully above today's price? The narrative hints at ambitious growth projections and major upgrades shifting future profit. One core variable could swing the calculus for years to come. Dive into the full narrative to see what bold numbers analysts are betting on.

Result: Fair Value of $11.52 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent underinvestment in new technologies or shifting government priorities could limit China Unicom's growth and challenge the positive outlook.

Find out about the key risks to this China Unicom (Hong Kong) narrative.

Build Your Own China Unicom (Hong Kong) Narrative

If you have a different angle, or want to see how your own insights stack up, you can build a narrative from scratch in just minutes. Do it your way

A great starting point for your China Unicom (Hong Kong) research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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