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24184 CI-CTEL@EC2412A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

21/08/2024 15:01

{I-bank focus}Jefferies raises China Telecom to HKD5.83

[ET Net News Agency, 21 August 2024] Jefferies raised the target price for China Telecom
(00728) to HKD5.83 from HKD5.45 and maintained the "buy" rating.
The research house said it believes China Telecom's capex would continue to fall in
absolute terms, which would drive the FCF to continue to grow. (rc)

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