Ratings on shares of AECOM Technology Co. (NYSE: ACM), American Electric Power (NYSE: AEP), Allot Communications Ltd. (NASDAQ: ALLT), BNP Paribas SA (OTC: BNPQY) and China Telecom (NYSE: CHA) were upgraded by analysts.
Argus analysts upgraded AECOM Technology Co. (ACM) from a “hold” rating to a “buy” rating. They have a price target of $33.00 on the company.
Bank of America (NYSE:BAC) upgraded American Electric Power (AEP) from a “neutral” rating to a “buy” rating. They have a price target of $41.00 on the company.
ThinkEquity upgraded Allot Communications Ltd. (ALLT) from a “hold” rating to a “buy” rating. They have a price target of $17.00 on the company.
Morgan Stanley (NYSE:MS) upgraded BNP Paribas SA (BNPQY) from an “equal weight” rating to an “overweight” rating.
Credit Suisse (NYSE:CS) upgraded China Telecom (CHA) from an “underperform” rating to a “neutral” rating.
Showing posts with label China Telecom. Show all posts
Showing posts with label China Telecom. Show all posts
Tuesday, May 17, 2011
Thursday, January 27, 2011
Apple (NASDAQ:AAPL) iPhone in Asia Could Drive 8 Million More Unit Sales
With Apple's (NASDAQ:AAPL) iPhone being a huge hit in Asia, expectations are it could drive 8 million or more in unit sales in 2011.
In what will be scary to competitors, it seems iPhones are taking hold in Asia as they already have in the U.S. market.
Yesterday China Mobile (NYSE:CHL) announced they were working with Apple on a deal to offer the iPhone to their network of 584 million subscribers. The potential there is mind-boggling.
Other carriers which should offer the iPhone soon are China Telecom (NYSE:CHA), Japan’s KDDI, and South Korea’s LG Telecom.
Apple was trading at $344.03, up $0.18, or 0.05 percent, as of 1:13 PM EST.
In what will be scary to competitors, it seems iPhones are taking hold in Asia as they already have in the U.S. market.
Yesterday China Mobile (NYSE:CHL) announced they were working with Apple on a deal to offer the iPhone to their network of 584 million subscribers. The potential there is mind-boggling.
Other carriers which should offer the iPhone soon are China Telecom (NYSE:CHA), Japan’s KDDI, and South Korea’s LG Telecom.
Apple was trading at $344.03, up $0.18, or 0.05 percent, as of 1:13 PM EST.
Thursday, January 13, 2011
Apple's (NASDAQ:AAPL) iPhone May Reach China, India Soon Says Morgan Stanley (NYSE:MS)
A lot of conjecture has been floating around about where the Apple (NASDAQ:AAPL) iPhone may be offered next, and if Morgan Stanley (NYSE:MS) analyst Katy Huberty is right, it will be in China and India.
Much has already been made of Apple's deal with Verizon (NYSE:VZ) not being exclusive, which could open the door to domestic competitors like Sprint (NYSE:S), but that really wouldn't make much sense, as it would only spread the iPhone around among numerous carriers without really generating more sales.
The importance of the non-exclusive agreement is the global market, and specifically, as mentioned, China and India.
Companies identified as probabilities by Huberty were China Telecom (NYSE:CHA) and India's Reliance.
Huberty claims Apple will attempting to penetrate the markets of both countries in the next several months.
As in many sectors, China and India are the fastest growing mobile markets in the world.
Much has already been made of Apple's deal with Verizon (NYSE:VZ) not being exclusive, which could open the door to domestic competitors like Sprint (NYSE:S), but that really wouldn't make much sense, as it would only spread the iPhone around among numerous carriers without really generating more sales.
The importance of the non-exclusive agreement is the global market, and specifically, as mentioned, China and India.
Companies identified as probabilities by Huberty were China Telecom (NYSE:CHA) and India's Reliance.
Huberty claims Apple will attempting to penetrate the markets of both countries in the next several months.
As in many sectors, China and India are the fastest growing mobile markets in the world.
Tuesday, January 11, 2011
Will Apple (Nasdaq:AAPL) iPhone Land on China Telecom's (NYSE:CHA) Network Next?
The question for Apple (Nasdaq:AAPL) as we go deeper into 2011 is whether or not they can keep the extraordinary momentum they have up. One event that could provide that would be if the Apple (Nasdaq:AAPL) iPhone ended up on the network of China Telecom (NYSE:CHA). Ticonderoga believes there's good possibility it will.
They said, "Is the Verizon Saga Finally Coming to an End? On Friday, Verizon Wireless (NYSE:VZ)(NR) announced plans to hold a press event tomorrow at 11:00 am ET and the Wall Street Journal reported that Verizon will announce that the iPhone is coming to its network with unlimited data-use by the end of January. A Verizon relationship has been on the minds of investors over the past couple of years and has heated up recently, however, it appears as if this saga may finally be coming to an end. Beyond a potential Verizon announcement, we eventually look forward to news surrounding the iPad 2, new MacBook Pro and 1QFY11 earnings (1/18/11), while further developments in China are possible.
"Both Networks are Similar in Size. As the exclusive carrier for Apple's iPhone, AT&T's (NYSE:T)(NR) dominance appears to be nearing an end. Verizon Wireless had 93.2 million wireless customers at the end of 3Q10 (86.7 million retail, 6.5 million reseller). By comparison, AT&T reported 92.8 million total wireless subscribers at the end of 3Q10.
"Verizon Could Activate 13 Million iPhone Users Over the Next Year. AT&T has activated 19.8 million iPhones over the past six quarters or an average of 3.3 million per quarter. During 3Q10, AT&T activated 5.2 million iPhones in light of the introduction of the iPhone 4. Since there have been many consumers holding out for a Verizon announcement, we believe it is reasonable to expect that both new buyers of the iPhone and upgrades from the iPhone 3GS currently on the AT&T network could move to Verizon. If we assume that Verizon Wireless is able to achieve similar performance to that of AT&T with an average of 3.3 million activations per quarter, this equates to 13.2 million iPhones over the next 12 months. As such, our projection of 61.4 million iPhone units in FY11 and 74.6 million units in FY12 are conservative and do not reflect Verizon. Also, an iPhone deal could eventually expand Verizon's agreement for the iPad beyond Wi-Fi/MiFi."
"Will China Telecom Follow Verizon? In the past, we have indicated that we believe China Telecom (NR) is likely to carry the iPhone shortly after a deal is struck with Verizon. With 88 million wireless subscribers on its CDMA network, China Telecom is nearly the size of Verizon."
"When will the iPad 2 and New MacBook Pro be Announced? We are just back from CES and 2011 was clearly the "year of the tablet". With Motorola (NYSE:MMI)(NR) prepared to launch the Xoom in February and dozens of others preparing for new tablet introductions, we believe Apple would be well suited to announce the iPad 2 before the end of January in an effort to persuade consumers to wait for the new iPad that we believe will be launched in March/April. Additionally, we believe Apple is in the process of refreshing its MacBook Pro line and an announcement could be in the cards."
Ticonderoga Securities maintains a "Buy" rating on Apple, which closed Monday at $342.45, up $6.33, or 1.88 percent. Ticonderoga has a price target of $450 on them.
They said, "Is the Verizon Saga Finally Coming to an End? On Friday, Verizon Wireless (NYSE:VZ)(NR) announced plans to hold a press event tomorrow at 11:00 am ET and the Wall Street Journal reported that Verizon will announce that the iPhone is coming to its network with unlimited data-use by the end of January. A Verizon relationship has been on the minds of investors over the past couple of years and has heated up recently, however, it appears as if this saga may finally be coming to an end. Beyond a potential Verizon announcement, we eventually look forward to news surrounding the iPad 2, new MacBook Pro and 1QFY11 earnings (1/18/11), while further developments in China are possible.
"Both Networks are Similar in Size. As the exclusive carrier for Apple's iPhone, AT&T's (NYSE:T)(NR) dominance appears to be nearing an end. Verizon Wireless had 93.2 million wireless customers at the end of 3Q10 (86.7 million retail, 6.5 million reseller). By comparison, AT&T reported 92.8 million total wireless subscribers at the end of 3Q10.
"Verizon Could Activate 13 Million iPhone Users Over the Next Year. AT&T has activated 19.8 million iPhones over the past six quarters or an average of 3.3 million per quarter. During 3Q10, AT&T activated 5.2 million iPhones in light of the introduction of the iPhone 4. Since there have been many consumers holding out for a Verizon announcement, we believe it is reasonable to expect that both new buyers of the iPhone and upgrades from the iPhone 3GS currently on the AT&T network could move to Verizon. If we assume that Verizon Wireless is able to achieve similar performance to that of AT&T with an average of 3.3 million activations per quarter, this equates to 13.2 million iPhones over the next 12 months. As such, our projection of 61.4 million iPhone units in FY11 and 74.6 million units in FY12 are conservative and do not reflect Verizon. Also, an iPhone deal could eventually expand Verizon's agreement for the iPad beyond Wi-Fi/MiFi."
"Will China Telecom Follow Verizon? In the past, we have indicated that we believe China Telecom (NR) is likely to carry the iPhone shortly after a deal is struck with Verizon. With 88 million wireless subscribers on its CDMA network, China Telecom is nearly the size of Verizon."
"When will the iPad 2 and New MacBook Pro be Announced? We are just back from CES and 2011 was clearly the "year of the tablet". With Motorola (NYSE:MMI)(NR) prepared to launch the Xoom in February and dozens of others preparing for new tablet introductions, we believe Apple would be well suited to announce the iPad 2 before the end of January in an effort to persuade consumers to wait for the new iPad that we believe will be launched in March/April. Additionally, we believe Apple is in the process of refreshing its MacBook Pro line and an announcement could be in the cards."
Ticonderoga Securities maintains a "Buy" rating on Apple, which closed Monday at $342.45, up $6.33, or 1.88 percent. Ticonderoga has a price target of $450 on them.
Tuesday, December 21, 2010
China's Wireless Subscribers Soar to 833 million, as China Unicom (NYSE:CHU), China Telecom (NYSE:CHA), China Mobile (NYSE:CHL) Surge
Wireless subscribers in China continue to soar, as the latest data from China Unicom (NYSE:CHU), China Telecom (NYSE:CHA), China Mobile (NYSE:CHL) confirms.
Ticonderoga said, "China's Wireless Subscribers Rise to 833 million. This morning, the final November subscriber data from the China-based carriers such as China Unicom, China Telecom and China Mobile were released. Total subscribers (wireless, broadband and wireline) rose by 0.7%, or up 8.04 million month-over-month in November (vs. up 0.8% in October, or up 9.74 million) to 1.217 billion, while total wireless subscribers increased by 1.1%, or 8.86 million (vs. up 1.2% and up 9.52 million in October) to 833.18 million.
"3G Subscribers Grow 10% at China Mobile and China Unicom...China Mobile Remains in the Lead as 3G Ramp Continues...China Runs into iPhone 4 Shortages; Cogo Also Benefits from 3G Ramp"
China Unicom closed Monday at $15.00, up $0.31, or 2.11 percent. China Telecom closed at $50.56, up $0.48, or 0.96 percent. China Mobile closed at $49.36, up $0.16, or 0.33 percent.
Ticonderoga said, "China's Wireless Subscribers Rise to 833 million. This morning, the final November subscriber data from the China-based carriers such as China Unicom, China Telecom and China Mobile were released. Total subscribers (wireless, broadband and wireline) rose by 0.7%, or up 8.04 million month-over-month in November (vs. up 0.8% in October, or up 9.74 million) to 1.217 billion, while total wireless subscribers increased by 1.1%, or 8.86 million (vs. up 1.2% and up 9.52 million in October) to 833.18 million.
"3G Subscribers Grow 10% at China Mobile and China Unicom...China Mobile Remains in the Lead as 3G Ramp Continues...China Runs into iPhone 4 Shortages; Cogo Also Benefits from 3G Ramp"
China Unicom closed Monday at $15.00, up $0.31, or 2.11 percent. China Telecom closed at $50.56, up $0.48, or 0.96 percent. China Mobile closed at $49.36, up $0.16, or 0.33 percent.
Wednesday, December 8, 2010
China Telecom (NYSE:CHA), China Unicom (NYSE:CHU) and Apple (Nasdaq:AAPL) iPhone
Continuing to comment on their China tech tour, Ticonderoga Securities focuses on the prospects for China Telecom (NYSE:CHA) and China Unicom (NYSE:CHU), along with the future of the Apple (Nasdaq:AAPL) iPhone with them.
Ticonderoga said, "When Will China Telecom Have the iPhone? Our meeting with China Telecom highlighted the carrier's ambition to grow into the largest CDMA wireless carrier in the world next year, and we believe the company is well positioned to begin offering the Apple (Buy) iPhone in 2011. The company sounded optimistic around a recent low-cost mobile phone initiative that promoted mobile phones from ZTE d Huawei that were sold out in just 2-3 weeks. We continue to view Cogo (Nasdaq:COGO)(Buy) and Apple as attractive ways to play the Mobile Internet ramp in China.
"Long Wait for the iPhone 4 at China Unicom. Our meeting with China Unicom (NR) highlighted stronger than expected demand for the iPhone 4 that has resulted in the company's inability to fulfill approximately one-third of pre-orders. We estimate up to a 2-month wait period for the iPhone 4 in China with China Unicom, and orders have accelerated since October, while sales of the iPad are imminent, in our view.
"We Are Noticing an iPhone 4 Shortage in China. During our visits to Apple reseller stores in China over the past few days, we heard about shortages of the iPhone 4, 11-inch MacBook Air and certain versions of the iPad. The iPhone 4 is clearly the most difficult to purchase, with wait times hovering around 2 months. Most of the carriers agree that the high-end smartphone opportunity in China is approximately 100-125 million subscribers, which we view as the addressable market for the iPhone."
China Telecom closed Tuesday at $50.88, up by $0.28, or 0.55 percent. China Unicom ended the session at $13.82, up $0.29, or 2.14 percent.
Ticonderoga said, "When Will China Telecom Have the iPhone? Our meeting with China Telecom highlighted the carrier's ambition to grow into the largest CDMA wireless carrier in the world next year, and we believe the company is well positioned to begin offering the Apple (Buy) iPhone in 2011. The company sounded optimistic around a recent low-cost mobile phone initiative that promoted mobile phones from ZTE d Huawei that were sold out in just 2-3 weeks. We continue to view Cogo (Nasdaq:COGO)(Buy) and Apple as attractive ways to play the Mobile Internet ramp in China.
"Long Wait for the iPhone 4 at China Unicom. Our meeting with China Unicom (NR) highlighted stronger than expected demand for the iPhone 4 that has resulted in the company's inability to fulfill approximately one-third of pre-orders. We estimate up to a 2-month wait period for the iPhone 4 in China with China Unicom, and orders have accelerated since October, while sales of the iPad are imminent, in our view.
"We Are Noticing an iPhone 4 Shortage in China. During our visits to Apple reseller stores in China over the past few days, we heard about shortages of the iPhone 4, 11-inch MacBook Air and certain versions of the iPad. The iPhone 4 is clearly the most difficult to purchase, with wait times hovering around 2 months. Most of the carriers agree that the high-end smartphone opportunity in China is approximately 100-125 million subscribers, which we view as the addressable market for the iPhone."
China Telecom closed Tuesday at $50.88, up by $0.28, or 0.55 percent. China Unicom ended the session at $13.82, up $0.29, or 2.14 percent.
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