China Unicom Rises to 2 1/2 Year High on UBS Growth Outlook
This article is for subscribers only.
China Unicom (Hong Kong) Ltd., the nation’s second-largest mobile phone company, rose to the highest level in more than 2 ½ years after UBS AG raised its forecast for the shares because of “explosive” growth.
China Unicom gained 6.5 percent to HK$14.42 on the Hong Kong stock exchange, the highest level since Aug. 14, 2008. The benchmark Hang Seng Index rose 0.5 percent.