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| HSI1 | 24,917.60 | +111.97 | 192.63B |
| HSCEI1 | 8,284.58 | +38.25 | 51.08B |
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2026-09-11 10:21:02 UBS issued a report upgrading CHINA TELECOM (00728.HK), CHINA MOBILE (00941.HK) and CHINA UNICOM (00762.HK) from Neutral to Buy, citing that dividend downside risks have already been priced into share prices, while upside from AI has been underestimated. The TP for CHINA TELECOM was raised from HKD5.1 to HKD5.6, while the TP for CHINA MOBILE was lifted from HKD83 to HKD95. The TP for CHINA UNICOM was lowered from HKD7.5 to HKD7.1. Chinese telecom operators are trading at an expected 2026 dividend yield of about 7%, which is one SD above the historical average and represents a clear premium relative to regional telecom peers and other high-dividend Chinese assets. The broker believed this valuation discount reflects investor concerns over AI-related capital expenditure demand and future dividend sustainability. ~ AASTOCKS Financial News Website: www.aastocks.com | |