Chinese telecom shares more with the city to build a better Nomura alone to hold China Telecom

China Telecom shares with the big city today, China Mobile (00941-HK) and the Chinese Unicom (00762-HK) rose 1.39% and 1.56%, but China Telecom (00728-HK) lost its morning market increase, and now has fallen by 0.26%. Nomura published its latest research report that, although the market is still in the pursuit of high beta stocks, which led to the reduction of Chinese telecom stocks, but that in the market looking for defensive stocks to meet profits, it is expected to return the funds to the Chinese telecommunications unit. Nomura is still wary of such stocks, as competition among the three operators remains fierce.　　In the next 12 months, investors are expected to pay more attention to net boarding than to market share. Shares, Nomura expects China Telecom's net boarding volume will continue to surprise the market, because there are enough mobile phones available. Give a Buy rating of HK $4.3 at the target price.