The analyst rating for CHINA UNICOM (00762.HK) is a "Buy" according to BOCI, primarily due to the company's FY25 net profit attributable to shareholders growing by 1% year-over-year to RMB20.8 billion, which was largely in line with expectations. Additionally, the growth in the cloud business segment, with cloud revenue increasing by 5.2% year-over-year and data center revenue rising by 8.5% year-over-year, indicates a positive trend in demand for computing power infrastructure. However, the target price was trimmed from HKD15.02 to HKD11.93, reflecting a more cautious outlook despite the overall positive performance.
