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China's Telecom Services Sector Revenue Jumps 2.7% in January-August
Trending Industry Today: CHINA LIFE Leads Gains In Chinese SOEs Stocks
[Brokerage Focus] Goldman Sachs raises target price for three major telecommunications operators, indicating that industry revenue recovery is better than expected.
Jingu Finance News | Goldman Sachs released a report stating that China's telecommunication services industry saw a recovery in revenue from July to August, with a trend better than expected, both growing by 2.3% year-on-year, with a growth rate higher than the second quarter of 2024. The bank believes that the data shows signs of stabilizing industry growth driven by stable mobile data revenue. The report indicates that the data trend from July to August is better than Goldman Sachs' estimate for telecommunication companies in the third quarter. Therefore, the bank has slightly adjusted its estimate to reflect a more stable revenue trend. The bank maintains a 'buy' rating on China Mobile (00941), China Telecom (00728), and China Unicom's H shares (00762), with a target
China Mobile (600941.SH): The 'Star Core' verifies that Star is the world's first 6G architecture validation star
Gelonghui on September 30th, China Mobile (600941.SH) stated on the interactive platform that integrated communication between heaven and earth is an important technological direction for 5G-A and 6G. The company has made certain progress in the research and development of technical standards and trial verification. In terms of technical standards, the company is continuously striving for core technologies such as satellite-ground unified resource management and integrated distributed autonomous network architecture, deeply participating in international and domestic standardization work. The company has taken the lead in 20 international and domestic standards such as mobility management, session management, and business continuity in 3GPP and ITU, original proposing terminal seamless handover technology and incorporating it into standard protocols; continuously enhancing R18.
China Mobile (600941.SH): Its subsidiary, China Mobile Communications Co., Ltd., has invested in Honor Terminal Co., Ltd.
On September 30, China Mobile (600941.SH) stated on the interactive platform that its wholly-owned subsidiary China Mobile Communications Co., Ltd. has acquired a stake in Honor Terminal Co., Ltd.
In August, the overall consumer prices in Hong Kong rose by 2.5%.
1. Market News: 1. Overall consumer prices in Hong Kong rose by 2.5% in August, unchanged from the same period last year, according to the Hong Kong government's Census and Statistics Department. According to the Composite Consumer Price Index, the overall consumer prices in August 2024 rose by 2.5% compared to the same month last year, the same increase as in July 2024. Excluding the impact of all government one-off relief measures, the Composite Consumer Price Index in August 2024 had an annual increase (i.e. the basic inflation rate) of 1.2%, which was the same as the corresponding increase in July 2024. The seasonally adjusted Composite Consumer Price Index for the three months ending in August 2024.
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