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<Research>DBS Bank Lifts CHINA TELECOM's TP to HKD7.1; Rating Kept Buy
According to a research report from DBS Bank, CHINA TELECOM (00728.HK) is the second-largest operator in China, with 352 million 5G users as of December 2024, making up for around ...
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<Research>DBS Bank Lifts CHINA TELECOM's TP to HKD7.1; Rating Kept Buy
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According to a research report from DBS Bank, CHINA TELECOM (00728.HK)  -0.060 (-1.038%)    Short selling $1.07M; Ratio 0.575%   is the second-largest operator in China, with 352 million 5G users as of December 2024, making up for around 30% of the market.

CHINA TELECOM also collaborates with China Unicom to co-build and share a 5G network to mitigate competitive disadvantages in network quality and coverage against China Mobile, DBS Bank pointed out. As of December 2024, the number of broadband users reached 197 million, accounting for about 32% of the market.

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Due to the rapid expansion of its industrial digitalization business and a robust dividend yield of around 5%, DBS Bank maintained a Buy rating on CHINA TELECOM and raised its target price from HKD6.1 to HKD7.1.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-12 16:25.)

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