Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026

Impact · against what's priced in

Chunghwa Telecom (2412) shows strong momentum with Q3 EPS and revenue beating guidance, though one-off gains and negative operating leverage in ICT limit the upside. The expanded partnership with Google is negligible for GOOGL as it doesn't meaningfully move the needle on the AI monetization or Cloud growth thresholds the market is currently discounting.

GOOGL+0.00

Doesn't touch the price's assumptions

The price assumes

AI-driven search monetization expanding the FCF margin above 18.2%