|Day's range||11.460 - 11.820|
|52-week range||8.020 - 12.100|
|PE ratio (TTM)||345.55|
|Dividend & yield||0.00 (0.00%)|
|1y target est||12.44|
Having a state-owned enterprise in your corner can't be a bad thing.
Investors are closely watching China Unicom for what potential strategic investments could say about the future of the Chinese economy.
More big tech companies are lining up to invest in a unit of telecommunications giant China Unicom (728. Reuters reports that internet majors Baidu (BIDU) and JD.com (JD) will join peers including Tencent (700.HK) and Alibaba (BABA) to invest up to USD12 billion in China United Network Communications (600060. The plan is part of a broader strategy to inject more private capital into China’s state-owned enterprises.