Chinese official national data tracked a weak year in the mainland telecom industry for 2025, with service revenue growth slowing from a previous 3.2% YoY to 0.7%, Nomura's research report said. This mainly reflected market saturation in core business, milder growth in emerging businesses, intensified competition, and a weak macro environment.The broker maintained a Buy rating on CHINA MOBILE (00941.HK) +0.250 (+0.313%) Short selling $314.81M; Ratio 104.264% H-shares, with a target price reduced from HKD106 to HKD96. Meanwhile, it downgraded CHINA TELECOM (00728.HK) 0.000 (0.000%) Short selling $45.91M; Ratio 200.147% and CHINA UNICOM (00762.HK) -0.040 (-0.562%) Short selling $28.82M; Ratio 173.964% H-shares to Neutral, lowering CHINA TELECOM's target price from HKD7.2 to HKD5.5 and CHINA UNICOM's target price from HKD11.7 to HKD8. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)Related News Huatai Securities Lowers China Mobile (00941.HK) TP to HKD94.4, Maintains 'Buy' Rating
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