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<Research>HSBC Research Adds CHINA TELECOM (00728.HK) TP to $7.4, Keeps Rating at Buy
Recommend 4 Positive 7 Negative 9 |
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HSBC Global Research issued a research report becoming more confident that CHINA TELECOM (00728.HK) can resume profit growth this year after the Company's 2Q25 results announcement. The Group's 1H25 EBITDA profit margin expanded by 1 ppt, indicating that cloud business profits are expanding. Furthermore, the broker believed that CHINA TELECOM has the strongest mobile service revenue growth among the 3 big telecoms, likely benefiting from an increase in user numbers and stable mobile ARPU. HSBC Global Research raised its forecast, expecting CHINA TELECOM's 2024-2027 CAGR for EBITDA/ dividend to be 4.1%/ 8.1% each, with ratings kept at Buy on the Group's H- and A-shares, and added its target prices for the stock's H-/ A-shares from $7/ RMB9.3 to $7.4/ RMB9.9. AASTOCKS Financial News Website: www.aastocks.com |
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