Mark Grammer
China Unicom
CHU-N
DON'T BUY
Mar 19, 2004
China Mobile and China Unicom are the two big mobile plays in China. Regulatory risks. Until there's clarity, doesn't want to own these stocks. Not cheap.
CHINA MOBILE VS. CHINA UNICOM When Alibaba and TenCent sell-off, China investors seek a safe haven in this these. Mobile has had a good run lately because and have committed to a progressive dividend yield. It's the biggest phone company in the world and will still grow. It has more cash than debt, only one of two telecoms in the world in this situation. Unicom is not a competitive threat to Mobile, because it's too small. For growth/upside, both are good. For dividend, buy Mobile.
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