Chunghwa Telecom Stock Price, News & Analysis

Chunghwa Telecom (NYSE: CHT) reported strong Q4 2024 results with total revenue increasing 5.6% to NT$ 65.35 billion. The company achieved notable growth across key segments, with Consumer Business Group revenue up 2.2% and Enterprise Business Group revenue rising 10.2%. Operating income increased by 11.5% to NT$ 11.65 billion.

For full year 2024, total revenue grew 3.1% to NT$230.03 billion, reaching a seven-year high. The company maintained its leading position in Taiwan's mobile market with 40.3% revenue share and 37.9% subscriber share. Notable achievements include 38.8% 5G subscriber market share and strong performance in ICT business, with IDC, cloud, and cybersecurity revenues growing 62%, 46%, and 56% respectively.

Looking ahead to 2025, CHT expects revenue to increase by 1.2%~1.6% to NT$232.74~NT$233.74 billion, while operating income is projected to decrease by 0.3%~3.4% to NT$45.30~NT$46.72 billion.

Chunghwa Telecom (NYSE: CHT) has released its 2025 guidance, focusing on three strategic pillars: Sustainable Future, Smart Empowerment, and Digital Resilience. The company projects total revenue to increase by NT$2.71~3.71 billion (1.2%~1.6%) to NT$232.74~233.74 billion compared to 2024.

The company expects operating costs to rise by NT$4.31~4.38 billion (2.4%) to NT$187.58~187.65 billion, mainly due to infrastructure investments, talent acquisition, and increased operational costs. Income from operations is projected to decrease by NT$0.16~1.58 billion (-0.3%~3.4%) to NT$45.30~46.72 billion.

Key initiatives include expanding AI internet data centers, submarine cable construction, and 5G deployment. The company plans to increase its Property, Plant and Equipment investment by NT$3.37 billion to NT$32.36 billion in 2025. Earnings per share are expected to range between NT$4.62~4.82, representing a change of -0.18 to +0.02 compared to 2024.

Chunghwa Telecom reported Q3 2024 results with total revenue increasing 3.6% to NT$ 55.61 billion. Consumer Business Group revenue grew 2.1% to NT$ 34.43 billion, Enterprise Business Group revenue rose 5.9% to NT$ 17.60 billion, and International Business Group revenue increased 1.4% to NT$ 2.37 billion. Operating income decreased 0.8% to NT$ 11.38 billion, while net income fell 1% to NT$ 9.01 billion. The company maintained leadership in Taiwan's mobile market with 40.3% revenue share and achieved 33.5% 5G penetration rate. Notable growth came from ICT business revenue (+22%) and successful expansion of 1Gbps subscriber base.

Chunghwa Telecom has been recognized by Frost & Sullivan with the 2024 Taiwanese Company of the Year and Customer Value Leadership Awards for its exceptional performance in the telecom and 5G industries. The company boasts Taiwan's largest mobile network, with 99% 4G and 97.6% 5G population coverage. Chunghwa Telecom's 5G standalone architecture enables network slicing for dedicated channels, making it suitable for large-scale applications requiring guaranteed bandwidth.

The company's 5G accelerator program has successfully empowered many enterprises across various industries, contributing to double-digit year-on-year revenue growth in its ICT business in 2023. With over 3 million 5G subscriptions and a total of 11.22 million mobile and 1.92 million IoT subscriptions, Chunghwa Telecom leads the Taiwanese telecom market. Its commitment to customer satisfaction and innovative 5G applications has driven brand loyalty and positioned it ahead of competitors in Taiwan.

Chunghwa Telecom (CHT) has announced a change in its senior leadership. Ms. Audrey Wen-Hsin Hsu will replace Mr. Vincent Yu-Shen Chen as Senior Executive Vice President and Chief Financial Officer, effective September 1, 2024. Mr. Chen, who is returning to National Chengchi University after his secondment, was praised for his contributions over the past four years, including enhancing internal controls, implementing sustainability initiatives, and facilitating subsidiary IPOs.

Ms. Hsu, a Ph.D. holder in Accounting and Finance from Lancaster University, brings extensive academic and industry experience to the role. Chairman Shui-Yi Kuo emphasized the importance of the CFO position in connecting CHT internationally and expects Ms. Hsu to advance strategic financial management, corporate governance, and help achieve the company's vision of becoming a leading digital co-creation ecosystem and a first-rate technology group.

Chunghwa Telecom reported its Q2 2024 results, showing total revenue growth of 1.2% to NT$ 54.12 billion. Key highlights include:

- Consumer Business Group revenue up 2.6% to NT$ 33.60 billion
- Enterprise Business Group revenue down 3.7% to NT$ 16.89 billion
- International Business Group revenue up 21.8% to NT$ 2.64 billion
- Operating income decreased 2.7% to NT$ 11.93 billion
- Net income attributable to stockholders down 1.0% to NT$ 9.82 billion
- EPS of NT$1.27

The company saw growth in mobile and broadband services, with mobile subscribers up 4.5% YoY to 13.42 million. Postpaid mobile ARPU grew 2.0% to NT$ 556. Broadband subscribers increased 0.6% to 4.41 million, with ARPU up 2.0% to NT$ 790.

Chunghwa Telecom reported its un-audited operating results for the first quarter of 2024, showcasing a 1.4% increase in total revenue to NT$ 54.94 billion. The Consumer Business Group saw a 1.7% revenue increase, the Enterprise Business Group's revenue decreased by 0.9% but increased by 1.9% without one-time items, and the International Business Group's revenue grew by 13.3%. Operating income and EBITDA decreased slightly, while net income attributable to stockholders declined by 2.6% to NT$ 9.39 billion. Basic EPS was NT$1.21. Despite some decreases, Chunghwa Telecom exceeded its proposed guidance for operating income, EBITDA, and net income.