The Zhitong Finance App learned that Citibank released a research report saying that China Telecom (00728.HK)'s net profit for the third quarter of 2026 fell short of expectations, but the EBITDA performance was better than expected, reflecting that non-operating projects in the third quarter were lower than expected and recorded fair value losses. The bank maintains China Telecom's “buy” rating and target price of HK$5.7.

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