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The Zacks Analyst Blog Highlights: China Unicom, Apple, China Telecom, China Mobile and Molson Coors Brewing

CHICAGO May 24, 2012 China Unicom CHU Apple Inc. AAPL China Telecom Corp. CHA China Mobile CHL Molson Coors Brewing Company TAP

Here are highlights from Wednesday’s Analyst Blog:

More 3G Users Join China Unicom

China China Unicom CHU

The company’s GSM subscriber base expanded to 160.97 million with net additions of 0.34 million customers, while its 3G subscriber base increased to 51.78 million with net additions of 2.92 million.

Apple Inc. AAPL

China Telecom Corp. CHA China China Mobile CHL

RMB 70 billion $11.1 billion RMB 40 billion

Coming to the fixed-line business, the company is poised to benefit from expansion and speed enhancement of fiber optic service in its broadband business. China Unicom added 0.58 million broadband customers in April, bringing the total number to 58.87 million.

But the company is experiencing significant declines in its local access lines due to the impact of the ongoing fixed-to-mobile substitution. Erosion in the fixed-line subscriber base continues with approximately 0.01 million customers lost in April, taking the total number to 92.34 million.

We are maintaining our long-term Underperform recommendation on China Unicom. The stock retains a Zacks #4 (Sell) Rank for the short term (1–3 months).

Molson Coors Launches New Brews

Molson Coors Brewing Company TAP Molson Coors

New Products

Coors Light Iced T Canada Canada Carling Zest Ireland Molson Coors Caramel Apple Spiced Ale

New Packaging

Molson Coors aluminum pints Miller Lite, MGD Punch Top Cans and Grip Cans

Molson Coors Molson Coors $100 million

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

About Zacks

Leon Zacks

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

[email protected]

SOURCE Zacks Investment Research, Inc.

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