The Zhitong Finance App learned that Bank of China International released a research report stating that it will maintain the “buy” rating and target price of HK$6.96 for China Telecom (00728.HK) H shares, and keep the revenue and profit forecast unchanged for the 2026 fiscal year. The bank expects the company's net profit for the third quarter of 2026 to be 6.6 billion yuan, down 13.5% year on year. The fourth quarter benefited from a low base, and net profit increased by 33.3% year on year. The bank expects service revenue trends to be basically consistent with the industry, and VAT pressure will continue.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Bank of China International released a research report stating that it will maintain the “buy” rating and target price of HK$6.96 for China Telecom (00728.HK) H shares, and keep the revenue and profit forecast unchanged for the 2026 fiscal year. The bank expects the company's net profit for the third quarter of 2026 to be 6.6 billion yuan, down 13.5% year on year. The fourth quarter benefited from a low base, and net profit increased by 33.3% year on year. The bank expects service revenue trends to be basically consistent with the industry, and VAT pressure will continue.
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