Development Securities upgraded China Unicom target price to HK$14.1

Development Securities released a report in the morning, upgrading the target price of China Unicom (0762) from HK$13.2 to HK$14.1. The fund house maintained the rating of the company at ˇ§lead the marketˇ¨. Stimulated by the news that China Mobile will be included in HSI sector, the stock peaked HK$13.05 at one time and ended the morning session at HK$12.6, up 8.62%. The stock recently stood at HK$12.55, up 8.19%.

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