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Adding to long term big board portfolio here.

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HokieHead Member Level  Monday, 12/30/19 08:15:34 AM
Re: None
Post # of 75 
Adding to long term big board portfolio here.

PT Latest News:

Unicompay is the telecom operator's third-party payment platform that runs "WO Wallet" and is committed to offering convenient and efficient payment solutions. As one of the largest telecom companies in China, China Unicom boasts 320 million mobile billing subscribers as of June 30, 2019.

Jointly developed with Pintec, the digital handset financing solution allows customers to buy mobile phones online and offline with zero or limited down payment, improving payment flexibility and access to financing.

China Unicom going forward:

China Unicom’s Total Revenue has grown 7% from $41 billion in 2016 to almost $44 billion in 2018 and is expected to grow 7.5% to over $47 billion in 2 years

Revenue growth of about $3.5 billion over two years to be driven by $3 billion increase in Mobile Services & Phones and $0.5 billion increase in the Wireline Services Revenues.

https://www.forbes.com/sites/greatspeculations/2019/10/16/china-unicoms-revenues-should-trend-steadily-higher-driven-by-wireless-business/#2d0087df1a9a

PT is already profitable and growing.

Trailing 9 months:
-Total revenues US$108.6 million
-Gross profit increased by 26.3% to US$66.3 million
-Operating profit increased by 52.1% to US$18.3 million
-Net income increased by 631% US$16.1million


Run the numbers, massive CU mobile growth, should be a winner in 2020 imo.

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