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China Telecom Was Awarded "Most Honored Company" for the 14th Consecutive Year by Institutional Investor
HONG KONG, Nov. 8, 2024 /PRNewswire/ -- China Telecom Corporation Limited ("China Telecom" or "the Company"; HKEx: 00728; SSE: 601728) was voted as "Most Honored Company" once again in the "2024
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China Telecom (601728): Mobile ARPU remains stable, outstanding EBITDA performance.
On October 22, the company released the third quarter report for 2024. In 2024 Q1-Q3, the company achieved revenue of 392 billion yuan, a year-on-year growth of 2.9%; achieved a net income attributable to the parent company of 29.3 billion yuan, a year-on-year growth of 8.1%.
Citi: Rated buy for China Telecom (00728) with a target price of 5.1 Hong Kong dollars.
China Telecom reiterates the guidance, expecting dividends to continue to follow an upward trend according to the guidance.
China Telecom (601728): The growth rate of service revenue leads the industry, with steady growth in mobile and fixed-line business.
The core point is that the company's mobile and fixed-line businesses are experiencing steady growth, with the revenue growth rate of communications services leading the industry. Against the backdrop of pressure on the entire mobile communications industry, the company actively promotes the integration of mobile direct satellite, quantum, AI, and other businesses to drive mobile value-added applications.
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