China Telecom (601728): Com's revenue growth is impressive, and basic production is fueled by two-wheel drive
Description of the incident On April 23, the company released its 2024 quarterly report. 2024Q1 achieved operating income of 134.5 billion yuan, an increase of 3.7% year on year; net profit to mother of 8.6 billion yuan, an increase of 7.7% year on year. Thing
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Research Report | Cathay Pacific Junan: Maintaining China Telecom's target price of HK$5 for H shares, I believe dividends will grow steadily in the next few years
Guotai Junan issued a report indicating that China Telecom's profit grew steadily in the first quarter and that high-quality development continued to advance. Considering the steady increase in profits and dividends, as well as the opportunities brought by the rapid development of the cloud business, maintaining a target price of HK$5 for H shares is equivalent to predicting a price-earnings ratio of 12.7 times this year, with a “buy” rating. According to the report, China Telecom's service revenue and net profit for the first quarter increased by 5% and 7.7%, respectively, year-on-year, in line with market expectations. Due to the steady growth of the main business and good control of operating expenses, the report believes that the company's net profit will continue to grow steadily in the next few years. The company plans to increase the dividend payout ratio within three years from 2024
Cathay Pacific Junan: Target price of HK$5 for a “buy” rating for China Telecom (00728)
Guotai Junan believes that the net profit of China Telecom (00728) will continue to grow steadily in the next few years.
Research and Development | CICC: Maintaining China Telecom's H-share “outperforming the industry” rating and maintaining earnings estimates for this year and next two years
Glonghui, April 25 | CICC released a report indicating that China Telecom's service revenue growth was steady; revenue and net profit for the first quarter increased by 3.8% and 7.7% year-on-year respectively, in line with this forecast. According to the report, it was observed that the company's service revenue grew strongly in the first quarter, rising 5% year-on-year. In addition to R&D expenses, the increase in costs and expenses was less than the increase in revenue, reflecting strict cost and expenditure control. The bank slightly lowered its revenue forecast for this year and next two years by 0.9% and 1.9%, respectively, and generally maintained its earnings estimates for this year and next. The bank maintained the “outperforming industry” rating for H shares, with a target price of HK$5.8.
CHINA TELECOM To Go Ex-Dividend On June 5th, 2024 With 0.09922 HKD Dividend Per Share
April 25th - $CHINA TELECOM(00728.HK)$ is trading ex-dividend on June 5th, 2024. Shareholders of record on June 6th, 2024 will receive 0.09922 HKD dividend per share on July 26th, 2024. The ex-div
China Telecom Logs Over 7% Profit Growth in Q1
China Telecom's (HKG:0728) attributable profit stood at roughly 8.59 billion yuan for the quarter through March 2024, marking a 7.7% increase over the year-ago period, according to a Tuesday filing wi
CHINA TELECOM(00728.HK):STEADY 1Q2024 EARNINGS GROWTH;HIGH QUALITY DEVELOPMENT IS IN PROGRESS
We maintain China Telecom's (the "Company") TP at HK$5.00 and the investment rat
China Telecom (00728.HK) will pay a 2023 final dividend of 0.09 yuan per share on July 26
China Telecom (00728.HK) announced that it will pay the 2023 final dividend of RMB 0.09 per share on July 26, 2024.
中國電信:2023年年報
Minsheng Securities released a research report on April 24 stating that it gave China Telecom (601728.SH) a recommended rating. The main reasons for the rating include: 1) the industrial digital business led to revenue growth, and 24Q1 company's profits i
Minsheng Securities released a research report on April 24 stating that it gave China Telecom (601728.SH) a recommended rating. The main reasons for the rating include: 1) the industrial digital business led to revenue growth, and 24Q1 company's profits increased steadily; 2) the 24Q1 company's mobile/5G/fixed network users grew steadily; 3) the company continues to deploy cloud network integration, and the cloud business is expected to continue to lead the public cloud market. (Mainichi Keizai Shimbun)
China Telecom's Q1 Profit Jumps Nearly 8%
China Telecom's (HKG:0728, SHA:601728) attributable profit rose 7.7% to 8.60 billion yuan from 7.98 billion yuan in the first quarter, according to a Tuesday filing with the Hong Kong bourse. Earnings
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
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 | Citibank: China Telecom's first-quarter results slightly beat expectations and strong growth
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