[ET Net News Agency, 10 October 2019] HSBC Global Research lowered its target prices
for China Mobile, China Unicom, and China Telecom after factoring in lower estimates and a
downgrade for China Tower (00788).
It reduced its estimates for the telecom operators to reflect the lower estimates and
valuation of China Tower. HSBC's new fair equity value of China Tower is at RMB195bn
compared to RMB300bn previously.
HSBC's revised target prices for the trio are as follows:
Name Target Price Rating
-------------------------------------------------
China Mobile (00941) HK$79 to HK$78 Buy
China Unicom (00762) HK$10.9 to HK$10.4 Buy
China Telecom (00728) HK$4.8 to HK$4.6 Buy
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00762 CHINA UNICOM
Nominal 
5.970 -0.010 (-0.167%) Others
10/10/2019 17:53
{I-bank focus}HSBC cuts targer prices for China telcos
| Remark: | Real time quote last updated: 24/04/2024 17:42 |
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