Chunghwa Telecom Q3 revenue up 4.2%

Overview

• Chunghwa Telecom Q3 revenue rose 4.2% to NT$57.92 bln

• Net income for Q3 increased 4.8% to NT$9.44 bln

• Basic EPS for Q3 was NT$1.22

Outlook

• Chunghwa Telecom confident in full-year results supported by leadership in all segments

• Company emphasizes market leadership in 5G and strategic international expansion

• Chunghwa Telecom committed to ESG initiatives with NT$3.5 bln sustainability bond issuance

Result Drivers

• 5G PERFORMANCE - Chunghwa's core telecom business showed strong 5G performance with increased subscriber share and smartphone penetration

• ICT GROWTH - Enterprise Business Group's ICT revenue grew 14.5%, driven by IDC, cloud, and cybersecurity services

• US SUBSIDIARY GROWTH - US subsidiary's revenue grew 70% due to major AI supply chain projects

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Chunghwa Telecom Co Ltd is $40.37, about 4.6% below its November 5 closing price of $42.22

• The stock recently traded at 274 times the next 12-month earnings vs. a P/E of 278 three months ago

Press Release:

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