Chunghwa Telecom Co Expects 2024 Revenue of NT$228.54B-NT$230.19B, up by 2.4%-3.1%YoY, EPS of NT$4.60-NT$4.80
Portfolio Pulse from Benzinga Newsdesk
Chunghwa Telecom Co. anticipates a revenue increase of 2.4%-3.1% YoY for 2024, with expected revenues between NT$228.54B and NT$230.19B. The company projects an EPS of NT$4.60-NT$4.80. Operating costs are also expected to rise by 4.0%-4.6%, leading to a potential decrease in income from operations. Investments in 5G, data centers, submarine cables, and ESG practices are driving an increase in property, plant, and equipment acquisitions.
January 30, 2024 | 9:12 am
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Chunghwa Telecom Co. expects higher revenues and EPS in 2024, but also anticipates increased operating costs which may affect income from operations. The company is investing in 5G and ESG initiatives.
While the revenue and EPS growth are positive indicators, the expected increase in operating costs and potential decrease in income from operations could temper investor enthusiasm. The investments in 5G and ESG initiatives are likely to be viewed positively, but the impact on short-term stock performance is uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100