Glonghui, March 5 | Morgan Stanley released a report stating that Unicom disclosed preliminary financial data for last year, which is roughly in line with the forecast. Service revenue is expected to increase 5% year-on-year to 335.2 billion yuan; net profit increased 11.8% year-on-year to 18.7 billion yuan, compared to China Telecom's 10.3% increase over the same period. In addition, Unicom's initial profit for the fourth quarter of last year was also roughly in line with expectations. It is estimated that service revenue increased by 3.7% year-on-year to about 82.7 billion yuan; net profit increased by about 35% year-on-year to 1.5 billion yuan, which is about 2% lower than the bank's forecast. The bank gave Unicom's target price of HK$6.5 a “plus” rating.