The bank stated that China Telecom's third-quarter service revenue and EBITDA both met the bank's expectations, with a year-on-year net profit growth of 7.8% during the period.
Zhixun Finance and Economics APP learned that UBS Group released research reports stating that after China Telecom (00728) announced its latest performance, its third-quarter performance was stable, outperforming its peers, maintaining a 'buy' rating, with a target price of 5.8 Hong Kong dollars. The bank stated that China Telecom's third-quarter service revenue and EBITDA both met the bank's expectations; with a year-on-year net profit growth of 7.8% during the period, the group is expected to achieve high single-digit earnings guidance for the full year.
