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<Research>JPM Keeps Overweight on CHINA TELECOM; Slowing Communication Service Rev. in Line
Recommend 25 Positive 37 Negative 18 |
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CHINA TELECOM (00728.HK)'s 3Q25 service revenue increased by only 0.5% YoY, a slowdown from the 2.1% growth in 2Q25, according to a JPMorgan research report. The company's net profit growth also decelerated from 7.1% in 2Q25 to 3.6% YoY. Its service revenue growth was shy of its peer CHINA MOBILE (00941.HK)'s 0.8%, but its profit growth was faster than CHINA MOBILE's 1.9%. Estimating the slowdown in CHINA TELECOM's 3Q25 communication service revenue to align with market expectations, JPMorgan kept an Overweight rating on CHINA MOBILE, with a target price of HKD7.5. AAStocks Financial News |
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