According to Zhidao Finance APP, the telecommunication sector has continued its recent upward trend. As of the time of publication, China Communications Services (00552) rose 4.29%, to 4.11 Hong Kong dollars; China Unicom (00762) rose 3.47%, to 7.16 Hong Kong dollars; China Mobile (00941) rose 2.07%, to 76.55 Hong Kong dollars; China Telecom (00728) rose 1.51%, to 4.72 Hong Kong dollars.

On the news side, on June 26th, the 2024 World Mobile Communications Conference in Shanghai opened. The three major telecommunications operators in China including China Mobile announced plans to expand into the low-altitude economy industry, in order to further tap into the commercial potential of 5G-A and find new areas of business growth. Among them, China Telecom released the 5G-A Action Plan, which will build eight core 5G-A capabilities and carry out in-depth cooperation in six key 5G-A areas including terminals, satellites, the Internet of Things, and low altitude. In addition, it will launch nine 5G-A applications.

In addition, Goldman Sachs analysts believe that China's dividend assets have not received sufficient attention. Under the catalysis of policies, free cash flow, interest rate cuts, and other factors, the high dividend concept is expected to continue to rise, and dividend assets may become a structural long-term trend. The bank previously stated that its outlook for the second half of the year remains positive for the three major Chinese telecom stocks, and believes that the dividend-paying shares are valued based on the long-term value evaluation of the dividend discount model, the stable business and profit growth portfolio, the free cash flow forecast from 2021 to 2026 surpassing the dividend targets achieved by pure profits, and the company's willingness to promote shareholder return and management market value based on the performance indicators of state-owned enterprises.