Chunghwa Telecom Co., Ltd. (ADR) (CHT)

synergize (98.33) Submitted: 5/15/08 3:37 PM : Start Price: $25.43 CHT Score: -0.44

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

The company’s share price has appreciated by 29% in the last twelve months. The underlying fundamentals of Chunghwa Telecom’s telecom business are attractive.

Technicals:

Since August of last year, this stock is very bullish. Stochastics is rising and money flow increasing. It formed a double top with the second more bullish than the first. Its gaining momentum to form a third triple top formation.

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