[ET Net News Agency, 17 October 2019] Citi Research lifted its target price for China
Telecom (CT)(00728) to HK$4.7 from HK$3.9 and upgraded its rating to "buy" from "neutral".
The research house expects that CT will benefit from fixed-line industry growth, which
could be faster than market expectations. Network sharing should help CT improve 5G growth
prospects, and reduce its fixed-line competitive pressure with better fixed/mobile
bundling services.
Citi added that 800MHz spectrum re-farm has improved CT's 4G competitive edge and driven
solid market share gain. Improved 4G growth and reasonable valuations could provide share
price downside support. (KL)
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00728 CHINA TELECOM
Nominal 
4.390 -0.060 (-1.348%) Others
17/10/2019 17:00
{I-bank focus}Citi upgrades China Telecom (00728) to HK$4.7
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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