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Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
Investor Optimism Abounds China Telecom Corporation Limited (HKG:728) But Growth Is Lacking
China Telecom Corporation Limited's (HKG:728) price-to-earnings (or "P/E") ratio of 12.7x might make it look like a sell right now compared to the market in Hong Kong, where around half of the compan
Hong Kong stocks fluctuate | The telecommunication sector continues its recent upswing. The three major telecom operators are exploring the commercial potential of 5G-A. Goldman Sachs says that dividend assets are still undervalued.
According to the news from Zhitong Finance APP, the telecommunication sector continues its recent upward trend. As of press time, Chinacomservice (00552) rose 4.29% to HKD 4.11; China United Network Communications (00762) rose 3.47% to HKD 7.16; China Mobile (00941) rose 2.07% to HKD 76.55; China Telecom (00728) rose 1.51% to HKD 4.72. On the news front, the 2024 Shanghai World Mobile Communications Conference started on June 26. The three major telecommunications operators including China Mobile have announced plans to lay out industries such as low-altitude economy to further tap into the 5G-A.
China Telecom Adds 2.6 Million 5G Users in May
China Telecom (HKG:0728, SHA:601728) saw an increase of a little over 2.6 million 5G package subscribers in May, bringing its 5G user base to 334.3 million as of May 31, a Thursday bourse filing state
Express News | China Telecom - May Access Lines in Service 99.42 Mln
Express News | China Telecom - May Wireline Broadband Subscribers 192.84 Mln
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