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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
Honor's vice director Wan Biao resigns, Honor: it will not affect the normal operation of the company.
Sina Technology News: On the evening of September 30, Vice Chairperson Wan Biao of Honor resigned recently due to personal reasons. Honor expressed gratitude for Wan Biao's outstanding contributions to the company. Wan Biao's resignation will not affect the normal operation of the company. Under the leadership of the board of directors and management team, the company will continue to bring innovative products and experiences to consumers. As for his future plans after leaving, Wan Biao told the media, 'Currently, I am mainly staying at home to spend time with my family.' In August of this year, Honor publicly disclosed the progress of its IPO, stating that it always adheres to the principles of open and transparent development and will continue to diversify its equity structure. Honor plans to launch in the fourth quarter of this year.
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.
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