Express News | China Telecom Corp H1 Ebitda RMB 76,792 Million
CHINA TELECOM: 2024 INTERIM REPORT
Hong Kong stock concept tracking | Eleven departments jointly released to increase the proportion of Asia vets computing power! Investment and landing pace confirm the industry prosperity (concept stocks attached)
Recently, the Ministry of Industry and Information Technology and other eleven departments jointly issued a notice on promoting the coordinated development of new information infrastructure.
China Telecom (601728.SH) plans to distribute a dividend of 0.167 yuan per share for the first half of 2024, with ex-dividend and ex-rights dates set for September 11.
China Telecom (601728.SH) announced that it plans to distribute a cash dividend of 0.16 per share for the first half of 2024...
Hong Kong stock concept tracking | The communication industry ran relatively smoothly in the first half of the year, and the three major telecommunications operators are expected to further increase dividends in the future (with concept stocks)
Telecom business volume is steadily increasing, and revenue from emerging business maintains double-digit growth.
Hangzhou Anysoft Information Technology (300571.SZ): signed a framework contract for the purchase of IPTV smart set-top boxes with China Telecom.
On September 2, according to Asia Vets (Hangzhou Anysoft Information Technology) disclosed that its subsidiary, Shenzhen Zhaoneng Xuntong Technology Co., Ltd. (referred to as "Shenzhen Zhaoneng"), has been selected as a candidate for the first centralized procurement project of China Telecom IPTV smart set-top boxes. Recently, the company received the "China Telecom IPTV Smart Set-top Box Centralized Procurement Project Selection (First Time) Equipment and Related Services Procurement Framework Agreement-Shenzhen Zhaoneng", signed by Shenzhen Zhaoneng and China Telecom Group Co., Ltd., and China Telecom Corporation Limited.
The Fed will join the global central bank interest rate cut in September! The era of low interest rates may be restarted.
This autumn, central banks around the world will start or continue cutting interest rates, putting an end to the era of historically high borrowing costs.
Zhongtai Securities: The overall revenue and net profit growth of the three major telecommunications operators in the first half of 2024H1 is stable and healthy, and it is expected to further improve dividends in the future.
Zhongtai Securities released an article stating that the three major telecom operators achieved positive revenue growth in the first half of 2024, and the revenue structure further improved.
Goldman Sachs: Buy rating on China Telecom, target price raised to 5.4 Hong Kong dollars.
Goldman Sachs released a research report stating a "buy" rating for China Telecom (00728), and raised the earnings forecast for 2024 to 2026 by 1.8%, 2.5%, and 1.3% respectively. The target price has been slightly raised from 5.3 Hong Kong dollars to 5.4 Hong Kong dollars. China Telecom's average monthly per user action revenue (ARPU) and profit margin remained stable in the first half of the year, becoming a bright spot in the telecommunications stock performance. The group's mobile ARPU in the first half of the year increased slightly by 0.2% year-on-year, while the industry peers declined by 1 to 3%. The bank believes that the group's second-quarter performance should help alleviate investors' concerns about its slowing revenue and deteriorating profitability.
[Special Columnist] Guo Jiayao: Blue chip performance is uneven but has not affected the overall market sentiment.
Gold Wu Finance News | The US stock market fell back on Thursday as the market awaited remarks from the Federal Reserve Chairman. Bond yields rebounded from lows, with the market opening higher and then falling. All three major indexes recorded losses at the close. The US dollar stabilized at a low level, and the yield on the 10-year US Treasury bond rose to 3.84 basis points. Gold prices fell from highs, while oil prices rebounded slightly. Hong Kong stocks generally declined in pre-traded securities, and it is expected that the market will follow a low opening in the early session. The mainland stock market fell yesterday, with the Shanghai Composite Index opening higher and then declining, closing with a 0.3% decrease. Trading volume remained light on the Shanghai and Shenzhen stock exchanges. Hong Kong stocks performed well, as the market anticipated an interest rate cut cycle, driving the market higher, and the index closed near the day's high with overall trading volume.
China Telecom Corporation Limited's (HKG:728) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
[Special Guest Big V] Deng Shengxing: Hong Kong stocks are repeatedly weak and unable to go up.
Golden Finance News | Hang Seng Index closed at 17,391 on Wednesday (21st), down 120 points or 0.69%. The market had a full-day turnover of 93.8 billion yuan. The A50 Index fell by 53 points or 0.87% to 6141. The ChiNext Index surged over 3% this morning, but closed down 63 points or 1.8% at 3434. Walmart is reported to be selling its stake in JD.com (09618). JD.com responded in the afternoon, expressing confidence in future cooperation with Walmart. The closing price fell by 8.7% to 102.4 yuan, making it the worst-performing blue-chip. After Kuaishou (01024) announced its performance, several major banks lowered their target price, and the market is watching its e-commerce sales platform closely.
China Telecom's EGM Passes All Resolutions
China Telecom Announces Board Structure
Express News | China Telecom - Appointment of Liang Baojun as Executive Director of Co, Approved at Egm
Jefferies Adjusts China Telecom's Price Target to HK$5.83 From HK$5.45, Keeps at Buy
Research Reports | CICC: China Telecom's net profit growth in the first half of the year exceeded expectations, maintaining an 'outperform' rating on A and H shares.
China International Capital Corporation's research report pointed out that mobile ARPU has maintained steady growth, and China Telecom's net income in the first half of the year has exceeded expectations. The revenue from mobile communications services in the first half of the year was 105.2 billion yuan, a year-on-year increase of 3.6%; mobile user ARPU was 46.3 yuan, a year-on-year increase of 0.2%. The stable and moderate growth of mobile revenue is mainly due to scale operation and value operation. The bank believes that the annual revenue from mobile communications services is expected to maintain steady growth, and mobile ARPU is stable and moderate. The growth rate of accounts receivable at the end of the second quarter (year-on-year +18.4%) has decreased compared to the growth rate at the end of the first quarter (year-on-year +24.5%), and the company has
China Telecom (00728) rose 2.63% against the market, with a net income increase of 8% in the first half of the year, slightly exceeding expectations according to China International Capital Corporation.
Golden Financial News | China Telecom (00728) drives stock price up against the market in the middle of the year. As of the time of writing, it is reported at HKD 4.69, up 2.63%, with a trading volume of HKD 0.106 billion. According to the performance announcement, as of the middle of the year ending June 30, 2024, the company's shareholders' net income was CNY 21.812 billion, a year-on-year increase of 8.23%. The basic net income per share was CNY 0.24. The mid-term dividend was CNY 0.1671 per share, a year-on-year increase of 16.7%. During the period, the group's operating revenue was CNY 268.011 billion, a year-on-year increase of 2.82%. In the first half of the year, the company's mobile communications service revenue.
China Telecom Adds More Than 3 Million 5G Package Subscribers in July
China Telecom Corporation Limited 2024 Half-Year Report.
No Data