GO
| HSI1 | 23,093.37 | +158.69 | 249.78B |
| HSCEI1 | 7,756.25 | +67.06 | 87.14B |
| Back Zoom + Zoom - Block Traded | |
|
2026-10-23 12:00:54 UBS published a research report stating that CHINA TELECOM (00728.HK)'s revenue for 3Q this year fell 2.9% YoY to RMB121.9 billion, while EBITDA declined 3.9% YoY to RMB33.7 billion and net profit dropped 14.7% YoY to RMB6.6 billion. The declines in revenue and EBITDA narrowed from the 5.5% and 7.7% YoY decreases recorded in 2Q, while the decline in net profit broadly stabilized. The broker noted that, excluding the impact of VAT, core business revenue for the first three quarters reached RMB359.3 billion and was broadly flat on a comparable basis. Smart revenue amounted to RMB46.2 billion, accounting for 12.9% of core business revenue. In 3Q, network operating expenses and selling, general and administrative expenses fell 11% and 10% YoY respectively, partially offsetting the revenue decline. Operating expenses excluding depreciation and amortization decreased 2.5% YoY. Management maintained its outlook for this year unchanged and continued to expect stable growth in revenue, EBITDA and net profit in 2026 after excluding the impact of VAT. The full-year payout ratio is expected to remain similar to 2025 (75%), while capital expenditure intensity will continue to decline. UBS slightly adjusted its 2026-2028 net profit forecasts by 0% to 2% and marginally raised the TP from HKD5.6 to HKD5.7, while maintaining a "Buy" rating.(gc/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |