The Zhitong Finance App learned that Bank of America Securities released a research report stating that the initial “buy” rating for China Telecom (00728.HK) has a target price of HK$6, while the initial “neutral” rating for A-shares (601728.SH) has a target price of 7.2 yuan. The bank pointed out that China Telecom's H share valuation is attractive, while A shares currently have a 67% premium over H shares, which is higher than the average of 40% over the past year. The bank calculates the target price for H shares based on cash flow discounts and average corporate value multiples (EV/EBITDA), while the target price for A shares is estimated based on an A/H premium of 40%.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Bank of America Securities released a research report stating that the initial “buy” rating for China Telecom (00728.HK) has a target price of HK$6, while the initial “neutral” rating for A-shares (601728.SH) has a target price of 7.2 yuan. The bank pointed out that China Telecom's H share valuation is attractive, while A shares currently have a 67% premium over H shares, which is higher than the average of 40% over the past year. The bank calculates the target price for H shares based on cash flow discounts and average corporate value multiples (EV/EBITDA), while the target price for A shares is estimated based on an A/H premium of 40%.
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