DJ MARKET TALK: Unicom Dn 0.7%;Revamp Premium Unjustified-KE

08/25/06 - Dow Jones Newswires

1533 [Dow Jones] STOCK CALL: China Unicom (0762.HK) off intraday peak of HK$7.10, now down 0.7% at HK$6.98, with volume tepid at HK$37.5 million. Kim Eng keeps pessimistic view "as the fundamentals remain weak and uncertain;" stock trading at 16.7X estimated FY06 earnings, 1.6% yield, 15% above book value. "The restructuring premium factored in by the market is simply not justified;" keeps Sell call with price target unchanged at HK$6.43. (RLI)

 
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(END) Dow Jones Newswires

August 25, 2006 03:33 ET (07:33 GMT)

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