CICC: Maintains the rating of CHINACOMSERVICE as "outperforming the Industry" with a Target Price of HKD 5.10.

CICC released a Research Report stating that, considering CHINACOMSERVICE (00552) has strengthened project quality control, and the capital expenditure of downstream customer operators has decreased more than expected, the bank has lowered its Net income forecast for 2025 by 6.1% to 3.683 billion yuan, and introduced the Net income forecast for 2026 at 3.762 billion yuan for the first time. The company's current stock price corresponds to a PE of 7.7x for 2025 and 7.4x for 2026. The bank stated that considering the company grasping AI development opportunities and the rapid growth of new contracts in new business, it maintains an outperform rating and a Target Price of 5.10 Hong Kong dollars, corresponding to a 9.0x PE for 2025.

Sina Hong Kong Stock01:58 ET

The three major operators have support against the trend, China United Network Communications (00762) rose by 1.39%, and 2030 may become the year of 6G.

Jinwu Finance | The three major operators have support against the market, China United Network Communications (00762) rose 1.39%, CHINA MOBILE (00941) rose 1.09%, CHINA TELECOM (00728) rose 1.03%. The International Data Corporation (IDC) pointed out that the 6G Industry is accelerating into the "pre-standard competition" phase. Currently, organizations have been established in China, the United States, and Europe to promote 6G. According to the forecasts of these promotion groups, new businesses and services will emerge in the 6G network aimed at commercial use by 2030, including intelligent interaction, communication perception, and inclusive intelligence. It is expected that by 2040, the number of connections for various 6G terminals will grow compared to 2022.

Jinwu Financial News01:57 ET

Analysis of Zhitong Hong Kong Stock Connect holdings | March 31.

Analysis of Hong Kong Stock Connect holdings | March 28, 2025

Zhitong Finance20:30 ET

CHINA TELECOM (00728) rose nearly 2% against the market, with the company's telecom service revenue growth in 2024 leading the Industry.

Jinwu Financial News | CHINA TELECOM (00728) saw its stock price fluctuating and rising in the afternoon; as of the time of publication, it is up 1.73% at 5.87 HKD, with a trading volume of 0.215 billion HKD. In 2024, the company achieved revenue of 523.6 billion yuan, a year-on-year increase of 3.1%, with Communications Services revenue of 482 billion yuan, a year-on-year increase of 3.7%, and a Net income attributable to shareholders of 33 billion yuan, a year-on-year increase of 8.4%, successfully reaching the goals set at the beginning of the year, with the revenue growth of communications services leading the Industry. Guosheng Securities' research indicates that the company's main business is stable, with accelerated investment in computing power, and it is expected that the company's revenue from 2025 to 2027 will

Jingwu Financial NewsMar 28 03:27 ET

Analysis of Zhitong Hong Kong Stock Connect Holdings | March 28

Analysis of Hong Kong Stock Connect holdings | March 27, 2025

Zhitong FinanceMar 27 20:30 ET

Hong Kong stock Concept tracking | Striving to break through 200 billion yuan! Shanghai increases investment in the intelligent computing cloud industry, Institutions are Bullish on these four major industrial directions (with related stocks)

Guosheng Securities Research points out that the rapid development of AI is driving a surge in demand for computing power.

Zhitong FinanceMar 26 19:22 ET