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<Research>Citi Lifts TPs for 3 Major CN Telecoms; Top Pick CHINA TELECOM
Citi has released a report on the Chinese telecom industry, highlighting that it maintained strong resilience amid macroeconomic uncertainties and heightened geopolitical risks bec...
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<Research>Citi Lifts TPs for 3 Major CN Telecoms; Top Pick CHINA TELECOM
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STOCK INFO

Citi has released a report on the Chinese telecom industry, highlighting that it maintained strong resilience amid macroeconomic uncertainties and heightened geopolitical risks because of high dividend yields and robust profitability.

Citi's investment preference order for the three major Chinese telecom companies was CHINA TELECOM (00728.HK)  -0.070 (-1.215%)    Short selling $1.04M; Ratio 1.274%   > CHINA MOBILE (00941.HK)  +0.100 (+0.115%)    Short selling $50.85M; Ratio 10.906%   > CHINA UNICOM (00762.HK)  -0.180 (-1.863%)    Short selling $34.39M; Ratio 20.570%   . CHINA TELECOM is seen as having the most growth potential due to its leading position in AI and cloud businesses, while CHINA MOBILE has attracted income-focused investors with its high dividend yield. Regarding CHINA UNICOM's A-share high valuation risk, the broker recommended caution on it.

Related NewsSPDB Int’l Lists Top 20 Stocks in Terms of Net Southbound Capital Inflow in Past Mth (Table)
Citi raised its target prices for CHINA MOBILE/ CHINA TELECOM/ CHINA UNICOM from HKD82.3/ HKD5.1/ HKD6.9 to HKD105.1/ HKD7.1/ HKD11.2. All of their ratings were kept as Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-18 12:25.)

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