JPMorgan: All three telecom stocks are rated 'Overweight,' with China Mobile as the top pick.

JPMorgan stated in a research report that the H-share prices of the three major Chinese telecom operators rose yesterday (the 18th) following their launch of AI token packages targeted at small and medium-sized enterprises and retail customers, reflecting investor optimism that telecom providers will benefit as 'real economy' beneficiaries of AI monetization. The firm maintains its positive outlook on China Mobile (00941), China Telecom (00728), and China Unicom (00762), assigning all three an 'Overweight' rating. JPMorgan believes that improved AI monetization prospects and easing competitive pressures ('involution') in telecom services could drive a recovery in ARPU growth starting in 2026 and restore earnings growth from 2027 onward, while 2

Sina HK Stocks14:25

CITIC Securities: Token factories and operators are driving a revaluation of the industrial chain, with leading computing power leasing providers exhibiting pronounced strategic positioning advantages.

CITIC Securities published a research report stating that Token factories are being progressively implemented, and Token services are becoming standardized.

Zhitong Finance08:22

Citi: 'Telecom Triumvirate' Transitioning Toward Foundational AI Infrastructure Suppliers, Paving the Way for Potential Valuation Re-rating

Citi published a report noting that China Telecom (00728.HK), China Mobile (00941.HK), and China Unicom (00762.HK) have recently launched AI token packages. The bank views this industry development as marking a significant shift in the business models of mainland Chinese telecom operators. These operators are actively transitioning from traditional mobile data billing toward standardized, utility-like AI subscription models. Citi stated that telecom operators can leverage their extensive, deeply entrenched nationwide networks to expand AI applications beyond large hyperscale cloud service providers to directly reach small and medium-sized enterprises and retail consumers.

AASTOCKS11:09

Express News | China's Three Major Telecom Operators Launch Token Packages, Delivering Dual Benefits for Consumers and Industry

BreakingsMay 19 19:54

All three major telecom operators launch Token plans—Is the era of AI computing power for the masses arriving?

① The three major telecom operators have reclassified Tokens from model-specific quotas into basic resources akin to voice and data packages; ② Institutions noted that the domestic operators’ Token pricing is over 80% lower on average than that of overseas cloud providers; ③ Just last month, the Ministry of Industry and Information Technology proposed significantly lowering the barriers for small and medium-sized enterprises (SMEs) to access and utilize computing power, thereby providing robust computational support to foster their specialized, sophisticated, and innovative development.

cls.cnMay 19 18:30

Express News | China Unicom Zhejiang will discontinue its 3G network services.

BreakingsMay 19 17:55