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Rating: CHT
Underweight

Chunghwa Telecom Co Ltd (NYSE: CHT) rated to Underweight by HSBC Securities

Friday,  Aug 31, 2012  8:25 AM ET by Betsy O'Brien Harrison

HSBC Securities rated
Chunghwa Telecom Co Ltd (NYSE: CHT) to Underweight.

Chunghwa Telecom Co., Ltd. (Chunghwa) is a telecommunications service provider in Taiwan. As an integrated telecommunications service provider, its principal services include fixed-line services, including local, domestic long distance and international long-distance telephone services; cellular services, and Internet and data services, including HiNet, its Internet service provider, Fiber to the X (FTTx) services, asymmetrical digital subscriber line (ADSL) services and leased-line services.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.



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