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A new batch of state-owned enterprise themed index ETFs has been approved.
Recently, a new batch of state-owned enterprise themed index etfs have been approved one after another.
Hong Kong stock concept tracking | AI will usher in important catalysts, domestic computing power will accelerate development period (with concept stocks).
The meeting emphasized the continuous breakthrough of xinxingchanye (emerging industries), the strategic development of global strategy (strategic) emerging industries and future industry development, the continuous promotion of industrial high-end, asia vets (intelligent), and green development, and the comprehensive implementation of the "AI+" special action.
Nomura: Maintains 'buy' rating for China Telecom (00728), target price at 5.8 Hong Kong dollars.
China Telecom's service revenue growth in the second quarter presents a great opportunity to maintain its leading position among peers, thanks to the stable performance of its core business.
[Brokerage Focus] Nomura raises target price for China Telecom (00728) by 13.7%, expects better performance in service revenue growth than peers in the second quarter.
Nomura released a research report, stating that China Telecom (00728) has a great opportunity to maintain its leading position in service revenue growth in the second quarter, thanks to the stable performance of its core business, despite the slowdown of emerging businesses such as cloud computing. The bank expects service revenue growth of 4-5% and profit growth of 5-7% in the second quarter, compared with slower growth in the first quarter. The bank lowered its forecast for service revenue from 2024 to 2026 by 0.6% to 1.1% and lowered its profit forecast by 5.4% to 7.6%. However, from the perspective of continuous dividend distribution, the bank still considers the stock attractive and maintains a “buy” rating with a target price of HKD 5.1.
China Telecom Adds 2.4 Million 5G Package Subscribers in June
China Telecom released its June operational data: 0.3366 billion 5G package users.
China Telecom (00728.HK) released its operation data for June 2024. In June 2024, the number of mobile users reached 416.85 million households, with a net increase of 1.47 million users for the month. The number of 5G package users reached 336.63 million households, with a net increase of 2.37 million users for the month. The number of wired broadband users reached 193.35 million households, with a net increase of 0.51 million users for the month. The number of fixed telephone users was 99.16 million households.
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