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Jan 14, 2021 11:57 AM (GMT+8) · EqualOcean
Liang Chengjia, chief analyst of CITIC Securities 5g, said that the valuation of telecom operators is at a historical low and it is a good gold pit at present. In terms of valuation, the average Pb of the global operators is 7.6 times that of the three major operators in China, while the average Pb of the global operators is 2.7 times that of the three major operators in China as measured by PE. In terms of performance, the business performance is good, and the industry structure is optimized. The price war stopped and the progress of co construction and sharing was good. ARPU rose, China Unicom Telecom ARPU rebounded, and China Mobile's decline narrowed.