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00728 CHINA TELECOM
RTNominal up2.510 +0.010 (+0.400%)
Others

17/07/2020 17:28

{I-bank focus}Jefferies ups China Telecom (00728) to HK$3.37

[ET Net News Agency, 17 July 2020] Jefferies Research lifted its target price for China
Telecom (CT)(00728) to HK$3.37 from HK$3.23 and maintained its "buy" rating.
The research house said the target price hike reflects a better-than-expected revenue
growth as evidenced by the MIIT stats and ongoing pricing/subsidy discipline. Consensus
has fallen but fundamentals are steadily improving.
Jefferies said the company would benefit from strong growth in industrial Internet,
possible re-rating of their IDC/cloud business, and ongoing mobile recovery. In
particular, CT has gained share in mobile/5G and that would likely continue. (KL)

Remark: Real time quote last updated: 18/09/2020 17:59
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