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<Research>M Stanley Lifts CHINA TELECOM (00728.HK) TP to $6.5, Rating Overweight
Recommend 11 Positive 20 Negative 10 |
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CHINA TELECOM (00728.HK)'s 1Q25 service revenue grew 0.3% YoY, on par with its peer CHINA MOBILE (00941.HK), but slower than CHINA UNICOM (00762.HK), according to a research report released by Morgan Stanley. Net profit rose 3.1% YoY as EBITDA hiked 4.7%. On the basis of the consolidated results, the broker lifted its target price for CHINA TELECOM's H-shares by 18% to $6.5 from $5.5, with rating at Overweight. AAStocks Financial News |
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