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Institutional investors cut stakes in Chunghwa Telecom, but the company met earnings and announced a dividend.
Institutional investors have been adjusting their stakes in Chunghwa Telecom Co., Ltd. (CHT), with BSW Wealth Partners reducing its holdings by 24.5% and Augustine Asset Management by 8.6%.
Wall Street Zen downgraded the stock to a "hold" rating.
Despite the sell-offs, Chunghwa Telecom reported earnings of $0.38 per share, meeting expectations, with a $36.38 billion market cap.
The company also announced an annual dividend of $1.6695 per share, yielding 2.9%.
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Los inversores institucionales redujeron las participaciones en Chunghwa Telecom, pero la compañía registró ganancias y anunció un dividendo.