China Telecom rose 4% for half a 4 Hong Kong dollar on UBS
Source: Internet
Author: User
KeywordsChina Telecom Premium HK $
China Telecom rose slightly this morning to win the big city, the share price of a half-day rise 3.71% to 3.91 Hong Kong dollars, deal 86.452 million shares. UBS issued a report saying it maintained the unit's neutral rating, but raised its target price from HK $3.1 to HK $4, a premium of 2% per cent. UBS pointed out that China Telecom's 2009-10-year earnings per share increase of 13%, 3.1%, to reflect the cost of mobile phone subsidies lower than expected. But after the strong growth of users in the first 4 months of this year, it is believed that China Telecom needs to slow down and shift its focus to the quality of its users. It also needs to improve its CDMA network and improve the quality of its services to drive the number of minutes per household and average income per user. The weak support of CDMA value chain is still the main downside risk.
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