Bank Ratings|Bank of China International: Reiterates China Telecom's “Buy” Rating and Industry Choice Outstanding First Quarter Results
Gelonghui, April 24 | Bank of China International released a report showing that China Telecom had outstanding performance in the first quarter, and the profit margin of industrial digitalization was close to traditional telecom business. Despite China Telecom's strong stock price performance since this year, the dividend rate based on a 72% dividend ratio still reached the attractive 6.4% level. The bank reiterated its “buy” rating and industry first choice, and the target price remained at HK$5.53. According to the bank, China Telecom's first-quarter profit increased by 7.7% year-on-year, and telecom service revenue also increased by 5% year-on-year. Although the industry's digital revenue grew at an annual rate of 10.6%, the highest among all business lines, and contributed 31% of the Group's service revenue, comprehensive EBITD
SU7 is OK! Lei Jun “convinces” Wall Street
Citi raised the target price of Xiaomi from HK$19.6 to HK$21.9 and maintained a “buy” rating, increasing the adjusted EPS in 2024 by 25%. J.P. Morgan also continued to maintain Xiaomi's “overrated” rating and set the target price at HK$21.0.
According to the report published by Citibank, China Telecom (00728.HK)'s first-quarter results were slightly better than expected service revenue, and total revenue rose 5% and 3.8% year-on-year, to 4.5% better than the Ministry of Industry and Informati
According to the report published by Citibank, China Telecom (00728.HK)'s first-quarter results were slightly better than expected service revenue, and total revenue rose 5% and 3.8% year-on-year, to 4.5% better than the Ministry of Industry and Information Technology data, respectively. The year-on-year growth rate of the industry was the fastest growing of the three largest mainland telecommunications companies, which also reflected the relative resilience of its cloud business, industrial digitalization (revenue increased 11% year-on-year in the first quarter), and traditional business performance. It is expected that both telecom and interbank service revenue will continue to improve, and telecom is expected to outperform its peers. Maintain the purchase rating and target price of HK$4.7 for industry-preferred H shares.
Express News | Tencent Releases Full-Stack Capability Architecture for Big Models in the Automotive Industry
Hong Kong stocks continue to rebound! Technology stocks have become the focus. Tencent and Ali's market capitalization have all increased by more than HK$100 billion in the past 3 days
① What is the reason for the surge in Tencent and Ali? ② Why are Hong Kong stocks receiving recent market attention?
Changes in Hong Kong stocks | Ideal Automobile-W (02015) bucked the trend and fell more than 3% intraday, and market competition continues to heat up
Ideal Automobile-W (02015) bucked the market and fell by more than 3% in the intraday period. As of press release, it was down 2.24% to HK$96.15, with a turnover of HK$1,128 billion.