GO
| HSI1 | 18,475.92 | +268.79 | 116.19B |
| HSCEI1 | 6,547.29 | +110.20 | 55.14B |
| Back Zoom + Zoom - Block Traded | |
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2024-04-25 13:15:42 CHINA TELECOM (00728.HK)'s service revenue grew solidly, as its 1Q24 revenue and net profit gained 3.8% and 7.7% YoY, in line with CICC's expectations, CICC wrote in a report. The report said the company's service revenue grew strongly in 1Q24, up 5% YoY. Costs and expenses, excluding R&D expenses, rose less than revenue growth, reflecting strict cost and expense control. CICC slightly cut its revenue forecasts for 2024 and 2025 by 0.9% and 1.9% respectively, while largely maintaining its earnings forecasts for the two years. The broker kept an Outperform rating on the H-shares, with a target price of $5.8. ~ AAStocks Financial News Web Site: www.aastocks.com | |