STOCKWATCH: Operating environment for Sunday still hard this year

Stephen Leung, analyst at Credit Lyonnais, said mobile phone billing would be maintained at a low level and operating environment of Sunday still would be hard this year. Sunday should consolidate the relationship with customers and improve economic efficiency of mobile phone business.The net asset of Sunday is HK$0.61 per share, a discounted price compared with stock market.Credit Lyonnais recommended a buying on long a term basis for the assumption that Sunday would bid for 3G license.

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