Chunghwa Telecom Co ( (CHT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Chunghwa Telecom’s stock movement appears unusual given the company’s strong financial performance and strategic growth in high-demand areas like ICT and 5G. The company reported record financial results for 2024, with revenue and EPS reaching a seven-year high, thanks to a notable increase in ICT revenue driven by cloud and cybersecurity services. Despite challenges like a minor decline in international voice revenue and a flat core enterprise business, Chunghwa Telecom remains a leader in the 5G market. Looking forward, the company aims for modest revenue growth in 2025, focusing on AI and data centers. The stock’s decline contrasts with the company’s positive outlook and strategic initiatives.
More about Chunghwa Telecom Co
YTD Price Performance: 4.78%
Average Trading Volume: 108,962
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $29.37B
For further insights into CHT stock on TipRanks’ Stock Analysis page.
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