Chunghwa Telecom (NYSE:CHT) Stock, Quote.Headers.trade-ideas

Chunghwa Telecom

Chunghwa Telecom Co Ltd is Taiwan's integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company segment consists of Consumer Business, Enterprise Business, International Business, and Others. The company generates the majority of its revenue from the Consumer Business segment. The consumer Business segment generates revenue from Mobile services, Fixed-line services, Sales, and others.

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Short Ideas

On Wednesday, shares of Chunghwa Telecom (NYSE: CHT) experienced volatile short activity. After the activity, the stock price went down -4.2% to $38.07.

The overall sentiment for CHT has been Bullish.

Short Volatility Alert: Chunghwa Telecom

On Thursday, shares of Chunghwa Telecom Co., Ltd. (NYSE: CHT) experienced volatile short activity. After the activity, the stock price went down -1.86% to $41.25.

The overall sentiment for CHT has been Bearish.

Short Volatility Alert: Chunghwa Telecom Co., Ltd.

Chunghwa Telecom Co Ltd

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Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) reported quarterly earnings of $0.39 per share. This is a 4.88 percent decrease over earnings of $0.41 per share from the same period last year. The company reported $1.75 billion in sales this quarter. This is a 1.96 percent decrease over sales of $1.78 billion the same period last year.

Earnings

Chunghwa Telecom Q1 EPS $0.39 Down From $0.41 YoY, Sales $1.75B Down From $1.78B YoY

In the current market session, Chunghwa Telecom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) share price is at $39.16, after a 0.43% drop. Over the past month, the stock went up by 3.18%, but over the past year, it actually decreased by 0.28%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2024/1711647009_0.png" alt="Past Year Chart" />

<h3>Comparing Chunghwa Telecom P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 54.22 in the Diversified Telecommunication Services industry, Chunghwa Telecom Inc. has a lower P/E ratio of 26.35. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1711647009_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Chunghwa Telecom

Chunghwa Telecom's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) short percent of float has risen 50.0% since its last report. The company recently reported that it has 433 thousand shares sold short, which is 0.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Chunghwa Telecom Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711480512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chunghwa Telecom has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Chunghwa Telecom's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chunghwa Telecom's peer group average for short interest as a percentage of float is 3.26%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Chunghwa Telecom?

Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) reported quarterly earnings of $0.33 per ADS. This is a 5.71 percent decrease over earnings of $0.35 per ADS from the same period last year. The company reported $1.94 billion in sales this quarter. This is a 2.39 percent increase over sales of $1.90 billion the same period last year.

UPDATE: Chunghwa Telecom Q4 EPADS $0.33 Down From $0.35 YoY, Sales $1.94B Up From $1.90B YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) is estimated to report quarterly earnings at $0.73 per share on revenue of $208.06 million.
&bull; Hubbell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) is expected to report quarterly earnings at $3.57 per share on revenue of $1.32 billion.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $4.56 billion.
&bull; Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $3.25 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is estimated to report quarterly earnings at $0.93 per share on revenue of $38.38 million.
&bull; Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $219.70 million.
&bull; Oshkosh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) is expected to report quarterly earnings at $2.24 per share on revenue of $2.46 billion.
&bull; Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $6.12 billion.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $976.03 million.
&bull; MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) is projected to report quarterly earnings at $0.94 per share on revenue of $2.85 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.29 per share on revenue of $662.73 million.
&bull; Pfizer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) is likely to report quarterly loss at $0.22 per share on revenue of $14.21 billion.
&bull; Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $34.66 billion.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is likely to report quarterly loss at $0.28 per share on revenue of $2.28 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is projected to report quarterly earnings at $3.22 per share on revenue of $4.48 billion.
&bull; M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $1.29 billion.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is expected to report quarterly earnings at $2.58 per share on revenue of $2.23 billion.
&bull; Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) is estimated to report earnings for its fourth quarter.
&bull; Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $138.35 million.
&bull; Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $42.22 million.
&bull; HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is projected to report quarterly earnings at $5.04 per share on revenue of $16.51 billion.
&bull; A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) is expected to report quarterly earnings at $0.95 per share on revenue of $983.30 million.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $38.75 billion.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.07 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is likely to report quarterly earnings at $2.47 per share on revenue of $25.48 billion.
&bull; Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $19.34 billion.
&bull; BBVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) is likely to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Northeast Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBN#NASDAQ">NBN</a>) is expected to report quarterly earnings at $1.72 per share on revenue of $36.98 million.
&bull; Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $1.47 billion.
&bull; Ashland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $477.78 million.
&bull; Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is likely to report quarterly earnings at $0.71 per share on revenue of $674.77 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $249.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $586.33 million.
&bull; Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $6.12 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is estimated to report quarterly earnings at $5.12 per share on revenue of $9.93 billion.
&bull; Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $1.41 billion.
&bull; RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) is expected to report quarterly earnings at $8.10 per share on revenue of $1.89 billion.
&bull; First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $252.73 million.
&bull; Fortune Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBIN#NYSE">FBIN</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $1.18 billion.
&bull; Lifevantage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFVN#NASDAQ">LFVN</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $54.65 million.
&bull; Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $9.29 billion.
&bull; Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $9.63 billion.
&bull; Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) is likely to report quarterly earnings at $3.27 per share on revenue of $5.60 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is likely to report quarterly loss at $2.34 per share on revenue of $668.97 million.
&bull; Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) is estimated to report quarterly earnings at $1.95 per share on revenue of $1.20 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $85.22 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is projected to report quarterly earnings at $1.59 per share on revenue of $85.26 billion.
&bull; Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) is expected to report quarterly earnings at $2.12 per share on revenue of $545.81 million.
&bull; UMB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UMBF#NASDAQ">UMBF</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $360.69 million.
&bull; Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $861.46 million.
&bull; Boston Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) is projected to report earnings for its fourth quarter.
&bull; Unum Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>) is projected to report quarterly earnings at $1.86 per share on revenue of $3.14 billion.
&bull; Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $3.68 billion.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.80 per share on revenue of $223.97 million.
&bull; Axos Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) is expected to report quarterly earnings at $1.38 per share on revenue of $247.50 million.
&bull; Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is likely to report quarterly earnings at $2.94 per share on revenue of $2.40 billion.
&bull; Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $594.92 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $123.59 million.
&bull; Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $182.04 million.
&bull; Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $61.13 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 30, 2024

2024&nbsp;Guidance&nbsp;
For 2024, the Company expects total revenue to increase by NT$ 5.34~NT$6.99 billion, or&nbsp;2.4%~3.1%, to NT$228.54~NT$230.19 billion as compared to the un-audited consolidated total revenue of 2023. Operating costs and expenses for 2024 are expected to increase by NT$ 7.09~NT$ 8.06 billion, or&nbsp;4.0%~4.6%, to NT$183.30~NT$184.27 billion as compared to the prior year. Income from operations is expected to decrease by&nbsp;NT$ 1.12 billion, to an increase by&nbsp;NT$0.15 billion, or&nbsp;-2.4%~0.3%&nbsp;to NT$45.23~NT$46.50 billion, year over year. Income before income tax and net income attributable to stockholders of the parent are expected to be NT$45.90~NT$47.58 billion and NT$35.66~NT$37.20 billion, respectively. Basic earnings per share is expected to be NT$4.60~NT$4.80.
Acquisition of Property, Plant and Equipment in 2024 is expected to increase by&nbsp;NT$3.04 billion&nbsp;to 34.02 billion as compared to the prior year, owing to the investments in 5G deployment to maintain competitive edge, the expansion of internet data center, new construction of submarine cable, and the elimination of energy-intensive equipment to realize ESG practices.

Guidance

Chunghwa Telecom Co Expects 2024 Revenue of NT$228.54B-NT$230.19B, up by 2.4%-3.1%YoY, EPS of NT$4.60-NT$4.80

Chunghwa Telecom (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cht#NYSE">CHT</a>) reported quarterly earnings of $0.33 per ADS. This is a 5.71 percent decrease over earnings of $0.35 per ADS from the same period last year. The company reported $1.94 billion in sales this quarter. This is a 2.39 percent increase over sales of $1.90 billion the same period last year.

Chunghwa Telecom Q4 EPADS $0.33 Down From $0.35 YoY, Sales $1.94B Up From $1.90B YoY

For 2024, the Company expects total revenue to increase by NT$ 5.34~NT$6.99 billion, or&nbsp;2.4%~3.1%, to NT$228.54~NT$230.19 billion as compared to the un-audited consolidated total revenue of 2023. The increase in
For 2024, the Company expects total revenue to increase by NT$ 5.34~NT$6.99 billion, or&nbsp;2.4%~3.1%, to NT$228.54~NT$230.19 billion as compared to the un-audited consolidated total revenue of 2023. The increase in revenue is expected to be propelled by increases in mobile communications revenue, broadband access revenue, and data communications revenue, as well as revenue coming from the expansion of emerging businesses driven by the sustainable transformation and digital economy.
Operating costs and expenses for 2024 are expected to increase by NT$ 7.09~NT$ 8.06 billion, or&nbsp;4.0%~4.6%, to NT$183.30~NT$184.27 billion as compared to the prior year. The increase is mainly from the increasing cost of investment in talents and infrastructure that supports future business development in emerging businesses.
Income from operations is expected to decrease by&nbsp;NT$ 1.12, to an increase by&nbsp;NT$0.15 billion, or&nbsp;-2.4%~0.3%&nbsp;to NT$45.23~NT$46.50 billion as compared to the prior year. Income before income tax, net income attributable to stockholders of the parent and net earnings per share are expected to be NT$45.90~NT$47.58 billion, NT$35.66~NT$37.20 billion and NT$4.60~NT$4.80, respectively, representing a decrease of&nbsp;NT$1.09&nbsp;to an increase of&nbsp;NT$0.59 billion, a decrease of&nbsp;NT$1.26&nbsp;to an increase of&nbsp;NT$ 0.28 billion&nbsp;and a decrease of&nbsp;NT$0.16&nbsp;to an increase&nbsp;NT$0.04&nbsp;respectively, year over year.
Acquisition of Property, Plant and Equipment in 2024 is expected to increase by&nbsp;NT$3.04 billion&nbsp;to&nbsp;NT$34.02 billion&nbsp;as compared to the prior year, owing to the investments in 5G deployment to maintain a competitive edge, the expansion of internet data center, new construction of submarine cable, and the elimination of energy-intensive equipment to realize ESG practices.

Chunghwa Telecom Expects 2024 Revenue of NT$228.54B-NT$230.19B, up by 2.4%-3.1% YoY, EPS of NT$4.60-NT$4.80, Implying a Change of (3.4%)-0.8% YoY

In the current market session, Chunghwa Telecom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) share price is at $38.07, after a 1.50% decrease. Over the past month, the stock spiked by 0.05%, but over the past year, it actually decreased by 0.34%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2024/1705428911_0.png" alt="Past Year Chart" />

<h3>Chunghwa Telecom P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Chunghwa Telecom has a lower P/E than the aggregate P/E of 53.15 of the Diversified Telecommunication Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1705428911_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

A Look Into Chunghwa Telecom Inc's Price Over Earnings

Chunghwa Telecom's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) short percent of float has fallen 20.0% since its last report. The company recently reported that it has 289 thousand shares sold short, which is 0.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.72 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Chunghwa Telecom Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703094452_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chunghwa Telecom has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Chunghwa Telecom's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chunghwa Telecom's peer group average for short interest as a percentage of float is 2.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Chunghwa Telecom's Recent Short Interest

Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) reported quarterly earnings of $0.37 per share. This is a 6.75 percent decrease over earnings of $0.40 per share from the same period last year. The company reported $1.69 billion in sales this quarter. This is a 3.91 percent decrease over sales of $1.76 billion the same period last year.

Chunghwa Telecom Q3 Earning Per  ADS$0.37 Down From $0.40 YoY, Sales $1.69B Down From $1.76B YoY

Chunghwa Telecom's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) short percent of float has fallen 20.0% since its last report. The company recently reported that it has 277 thousand shares sold short, which is 0.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.57 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Chunghwa Telecom Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1695396625_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chunghwa Telecom has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Chunghwa Telecom's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chunghwa Telecom's peer group average for short interest as a percentage of float is 2.36%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Chunghwa Telecom's Recent Short Interest

Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) reported quarterly earnings of $0.42 per share. This is a 3.02 percent decrease over earnings of $0.43 per share from the same period last year. The company reported $1.74 billion in sales this quarter. This is a 2.35 percent decrease over sales of $1.78 billion the same period last year.

Chunghwa Telecom Q2 EPS $0.42 Down From $0.43 YoY, Sales $1.74B Down From $1.78B YoY

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>IDT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/idt#NYSE">IDT</a>)</h3>
<ul>
<li>IDT said third-quarter EPS increased 50% to $0.27 from $0.18 in the year-ago period. Shmuel Jonas, CEO said, &ldquo;For the third quarter of our 2023 fiscal year, IDT generated year-over-year increases in gross profit, Adjusted EBITDA, and EPS highlighted by the continued expansion of our three high growth, high-margin businesses and by the relatively resilient cash-flows from our Traditional Communications segment, even as revenue from this segment continued to decline.&rdquo; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/IDT">52-week low of $23.07 </a>.</li>
<li>RSI Value: 25.04</li>
<li>IDT Price Action: Shares of IDT fell 0.5% to close at $24.21 on Tuesday.</li>
</ul>
<h3>Chunghwa Telecom Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cht#NYSE">CHT</a>)</h3>
<ul>
<li>Chunghwa Telecom clocked a 5.7% year-over-year revenue growth in the first quarter to NT$ 54.21 billion. &quot;Thanks to the outstanding work and dedication of the Chunghwa team, the first quarter of 2023 started off strong as we beat all financial forecasts amid a challenging macro environment. We demonstrate vibrant growth in our three business groups, all of which delivered positive YoY increases in both revenue and profit.&quot; said Mr. Shui-Yi Kuo, Chairman, and Chief Executive Officer of Chunghwa Telecom. It <a href="https://www.benzinga.com/quote/CHT"> has a 52-week low </a> of $32.90.</li>
<li>RSI Value: 18.75</li>
<li>CHT Price Action: Shares of Chunghwa Telecom rose 1% to close at $36.53 on Tuesday.</li>
</ul>
<h3>Cineverse Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnvs#NASDAQ">CNVS</a>)</h3>
<ul>
<li>Cineverse recently announced its financial results for the fiscal fourth quarter. Chris McGurk, Cineverse Chairman and CEO , stated, &ldquo;Despite macro-economic headwinds and many industry challenges, Fiscal Year 2023 marked an important turning point for the newly-rebranded Cineverse. With the successful wind down of our legacy Cinema Equipment business behind us, Cineverse is now a pure-play content and streaming company.&rdquo; The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/CNVS"> low of $0.25.</a></li>
<li>RSI Value: 19.45</li>
<li>CNVS Price Action: Shares of Cineverse rose 2.6% to close at $1.60 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/07/33193318/investor-optimism-improves-ahead-of-inflation-data"> Investor Optimism Improves Ahead Of Inflation Data </a>

On Wednesday, shares of Chunghwa Telecom (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cht#NYSE">CHT</a>) experienced volatile short activity. After the activity, the stock price went down -4.2% to $38.07.
The overall sentiment for CHT has been Bullish.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Strong Sell.
The volatility alert was produced on the prior trading date, 6/28/2023 with a volatility change of +186.64%. The current volatility indicator stands at 26.305.
Overview: 
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: 
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

<h3>Gainers</h3>
<ul>
<li>Baosheng Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) stock moved upwards by 18.0% to $8.79 during Wednesday's pre-market session. The company's market cap stands at $13.4 million. </li>
<li>National CineMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCMI#NASDAQ">NCMI</a>) stock increased by 10.01% to $0.34. The company's market cap stands at $59.8 million. </li>
<li>Takung Art (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TKAT#AMEX">TKAT</a>) stock increased by 8.19% to $0.35. The company's market cap stands at $12.2 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock rose 5.88% to $1.98. The market value of their outstanding shares is at $27.0 million. </li>
<li>Super League Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLGG#NASDAQ">SLGG</a>) stock rose 4.95% to $0.43. The company's market cap stands at $16.2 million. </li>
<li>WiMi Hologram Cloud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) stock increased by 4.85% to $1.08. The company's market cap stands at $93.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares declined by 27.9% to $4.59 during Wednesday's pre-market session. The market value of their outstanding shares is at $348.5 million. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares fell 13.52% to $0.32. The company's market cap stands at $13.1 million. </li>
<li>Digital Media Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DMS#NYSE">DMS</a>) stock declined by 9.86% to $0.32. The market value of their outstanding shares is at $12.8 million. </li>
<li>NextPlay Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTP#NASDAQ">NXTP</a>) shares declined by 8.63% to $1.06. The market value of their outstanding shares is at $6.2 million. </li>
<li>Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) shares declined by 5.34% to $37.62. The company's market cap stands at $29.1 billion. </li>
<li>Oriental Culture Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCG#NASDAQ">OCG</a>) stock declined by 5.18% to $0.55. The market value of their outstanding shares is at $11.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ASST

ASTS

BAOS

LFLY

NCMI

NXTP

SLGG

TKAT

WIMI

12 Communication Services Stocks Moving In Wednesday's Pre-Market Session

Chunghwa Telecom's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) short percent of float has fallen 16.67% since its last report. The company recently reported that it has 372 thousand shares sold short, which is 0.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Chunghwa Telecom Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1684337432_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chunghwa Telecom has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Chunghwa Telecom's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chunghwa Telecom's peer group average for short interest as a percentage of float is 2.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Chunghwa Telecom Co Clocks 5.7% YoY Revenue Growth In Q1 To NT$ 54.21B, EPS Of NT$1.24

If history is any guide, there may be good fortune ahead for shares of Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used. 
The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.
That just happened with Chunghwa Telecom, which is trading around $39.25 at publication time.
<img src="https://www.benzinga.com/files/images/story/2023/1679669301_0.png" alt="signals" />
Remember: Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals &amp; events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions. 
[TABLE]
Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Hopeful Golden Cross Forms On Chunghwa Telecom's Chart

Chunghwa Telecom Expects FY23 Revenue Of NT$221.27B - NT$222.79B, EPS Of NT$4.45 - NT$4.65

Chunghwa Telecom (CHT) has released an update. Chunghwa Telecom has reported its financial results for Q1 2024 with notable differences under Taiwa...

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Chunghwa Telecom Announces Executive Reshuffle

Chunghwa Telecom declares $1.4736 dividend

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Chunghwa Telecom Wins Major Contract, Joins Investor Event

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Chunghwa Telecom Announces Q2 2024 Teleconference

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Chunghwa Telecom Posts Strong June 2024 Earnings

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Chunghwa Telecom Invests in Mobile Broadband

Press Releases

Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Second Quarter of 2023

Chunghwa Telecom Reports 2024 Guidance

Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Fourth Quarter and Full Year of 2023

Chunghwa Telecom 2023 Form 20-F filed with the U.S. SEC

Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the First Quarter of 2024

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Chunghwa Telecom (CHT) Forecast

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