Chunghwa Telecom - CHT STOCK NEWS

Chunghwa Telecom Co., Ltd. reported its un-audited operating results for the fourth quarter of 2023, showing a 4.0% increase in total revenue, with Consumer Business Group revenue increasing by 4.4%, Enterprise Business Group revenue increasing by 2.5%, and International Business Group revenue increasing by 33.4%. However, operating income and EBITDA decreased, and net income attributable to stockholders of the parent also decreased by 1.7%. Excluding one-time impairments, operating income and net income attributable to stockholders increased by 2.2% and 7.2% year over year respectively. For the full year 2023, total revenue increased by 3.0%, with Consumer Business Group revenue increasing by 3.8%, Enterprise Business Group revenue increasing by 1.2%, and International Business Group revenue increasing by 27.8%. Operating income decreased by 1.0%, and EBITDA decreased by 0.3%, but net income attributable to stockholders of the parent increased by 1.2%. Chunghwa Telecom's 2023 financial results exceeded expectations, achieving six-year record highs in revenue and EPS. The company remains optimistic about further expansion and growth.

Chunghwa Telecom Co., Ltd. (NYSE: CHT) reported its guidance for 2024, aiming to solidify its leading position in the mobile market revenue and market share. The company plans to enhance services and user experience, increase investment in original video content, drive digital transformation, and explore opportunities in 5G smart applications. They expect total revenue to increase by 2.4%~3.1% to NT$228.54~NT$230.19 billion, driven by increases in mobile communications, broadband access, and data communications revenue. However, operating costs and expenses are expected to increase by 4.0%~4.6% to NT$183.30~NT$184.27 billion, leading to a decrease in income from operations by -2.4%~0.3% to NT$45.23~NT$46.50 billion.

Chunghwa Telecom (CHT) receives multiple awards from Frost & Sullivan, including the 2023 Taiwanese 5G Customer Value Leadership Award and two Company of the Year Awards. The company is recognized for its market leadership in providing 5G services, telecommunications, and data center services, with a focus on integrating artificial intelligence to improve efficiency, reliability, and scalability. Chunghwa Telecom operates the largest Internet data center (IDC) in Taiwan and has achieved exceptional year-over-year subscriber growth and financial performance.

Chunghwa Telecom reported its un-audited operating results for Q3 2023. Total revenue increased by 0.3% to NT$ 53.66 billion. Consumer Business Group revenue increased by 2.8% to NT$ 33.74 billion. Enterprise Business Group revenue decreased by 4.4% to NT$ 16.62 billion. International Business Group revenue increased by 29.8% to NT$ 2.34 billion. Operating income decreased by 5.9% to NT$ 11.46 billion. EBITDA decreased by 3.3% to NT$ 21.38 billion. Net income attributable to stockholders of the parent decreased by 2.9% to NT$ 9.09 billion. Basic earnings per share was NT$1.18.

Chunghwa Telecom has announced the appointment of Mr. Chau-Young Lin as the new President of its Information Technology Group. Mr. Lin has extensive experience in leadership positions within the company and has played a key role in the development of Chunghwa Telecom's IT services. Under his leadership, the company achieved record-high revenue in 2022 and is now moving towards the goal of going public.