The Zhitong Finance App learned that Lyon released a research report stating that China Telecom (00728.HK)'s net profit forecast for 2026 to 28 was lowered by 20% to 21%, and the target price of H shares was lowered from HK$6 to HK$5.2, implying a dividend rate of about 5%. Maintain the “outperform the market” rating. Telecom's performance in the first half of 2026 was disappointing. Total revenue fell 4% year on year to RMB 260.47 billion (same below), and net profit fell 15.8% year on year to RMB 19.4 billion, dragged down by mature mobile and fixed network markets, as well as the increase in VAT rates.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that Lyon released a research report stating that China Telecom (00728.HK)'s net profit forecast for 2026 to 28 was lowered by 20% to 21%, and the target price of H shares was lowered from HK$6 to HK$5.2, implying a dividend rate of about 5%. Maintain the “outperform the market” rating. Telecom's performance in the first half of 2026 was disappointing. Total revenue fell 4% year on year to RMB 260.47 billion (same below), and net profit fell 15.8% year on year to RMB 19.4 billion, dragged down by mature mobile and fixed network markets, as well as the increase in VAT rates.
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