Every time it is hot comment | Rather than underestimating the stock price of China Unicom, it is better to practice internal skills

At the performance briefing held on August 8th, the chairman of China Unicom (SH600050, stock price 3.59 yuan, and a market value of 1111.7 billion yuan) said that overall the development prospects of China Unicom are good, and the company's stock price cannot be underestimated for a long time. This is also after China Life, another listed company executives shouted that their company's stock price was underestimated. The author believes that if listed companies want their stock price to be underestimated, it is the key to practice hard work.

Since the completion of the mixed reform in 2017, China Unicom's net profit has maintained a growth trend. But from the K -line diagram, while the profit is growing, its share price performance is difficult to be satisfactory. For example, in 2019, China Unicom's stock price has a maximum of 7.30 yuan, which has continued to decline since then, and has basically shocked below 4 yuan since 2022.

China Unicom's stock price is underestimated because of many reasons. First of all, from the general trend, the market downturn has become the "main theme" in recent years, and in the context of market downturn, large -cap stocks are often difficult to show opportunities.

Secondly, China Unicom belongs to the communications service industry and is a traditional industry. In recent years, the stocks with better market performance in recent years are all listed companies in the "wind" industry.

In addition, institutional investors' "abandonment" of China Unicom is also the reason why its stock price is underestimated and cannot be ignored. For example, at the end of 2021, a total of 289 funds held 633 million shares shares; at the end of the first quarter of this year, only 21 funds held a total of 74 million China Unicom shares; To 15, holding 021 million shares.

Although the chairman of China Unicom claims that the stock price is underestimated, it is undoubtedly the result of the market choice. Whether individual stocks are sought after by funds, investors choose "voting by hand" or "voting with feet", which will determine whether its stock price is overestimated or underestimated.

At the same time, it is closely related to China Unicom itself. At present, the domestic telecommunications industry has the characteristics of stock games, serious product homogeneity, insufficient innovation, and increasingly fierce competition in the industry. However, China Mobile, as one of the three major telecommunications operators, has a high stock price. The stock price of more than 60 yuan is obviously incomparable to the stock price of less than 3.6 yuan in China Unicom and China Telecom's 3.7 yuan. It is also one of the three major telecommunications operators. The difference is so big, which is a question that China Unicom and other need to think about.

The author believes that if China Unicom wants to underestimate the stock price, it is the key to practice hard work. By improving the corporate governance structure, improving the level of corporate governance, standardizing operations, adhering to innovation, increasing investment in scientific research, and improving its own value on the basis of improving performance. Past tense.

Daily Economic News

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