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<Research>UBS Adds CHINA TELECOM (00728.HK) TP to $7.4, Rating Buy
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Positive
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Negative
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CHINA TELECOM (00728.HK)'s 2Q25 service revenue amounted to RMB124.4 billion, up 2.1% YoY, UBS released a research report saying. Benefiting from effective cost control, its 2Q25 EBITDA profit margin grew by 1 ppt YoY.

Net profit was RMB14.2 billion, up 7.1% YoY, 2% above both the expectations of the broker and market, higher than that of CHINA MOBILE (00941.HK) and CHINA UNICOM (00762.HK).

Related NewsUBS Adds CHINA UNICOM's TP to HKD11.6; Rating Kept Buy
Assuming better cost control, UBS raised its 2025-2028 net profit forecasts for CHINA TELECOM by 0-2.5%, and added its target price from $6.8 to $7.4, implying a dividend yield of 4.4% for 2026, with rating at Buy.
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