Chunghwa Telecom Shares Soar 3.84% on Satellite Investment
1min read Today, chunghwa telecom (CHT) shares surged by 3.84%, reaching their highest level since September 2024, with an intraday gain of 4.02%.
Chunghwa Telecom has recently undertaken several strategic initiatives that could influence its stock performance. On April 7, 2025, the company actively engaged with investors by participating in an investor conference organized by jpmorgan. This proactive approach to investor relations is a positive signal for the company's transparency and commitment to shareholder value.
In a significant move, Chunghwa Telecom's Board of Directors approved a substantial Satellite Investment Plan, allocating up to US$115 million to invest in a geostationary orbit satellite from Astranis Space Technologies Corp. This investment is aimed at bolstering the company's technological capabilities, positioning it for future growth in the telecommunications sector.
Additionally, Chunghwa Telecom reported its operating results for March 2025, which showed a revenue of approximately NT$19.33 billion and a net income of NT$3.17 billion. This reflects a 5.39% increase in net sales compared to the previous year, highlighting the company's robust financial performance and its ability to generate consistent revenue growth.
Despite minor declines in specific revenue areas, the company's overall growth trajectory and strong leadership are emphasized. These developments underscore Chunghwa Telecom’s commitment to expanding its technological infrastructure and maintaining a solid financial foundation, which could continue to drive investor confidence and support the stock's upward momentum.
