Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Nomura Drops CHINA TELECOM (00728.HK) TP to $5.5 on Slowdown in 4Q24 But Better than Peers
Recommend 2 Positive 6 Negative 5 |
||||
|
||||
|
Nomura issued a research report expecting CHINA TELECOM (00728.HK)'s 2024 service revenue growth to remain higher than the industry's level, mainly due to its solid execution of bundling services. Nomura forecasted CHINA TELECOM to continue to slow down in 4Q24 but outperform its peers. With effective cost control, CHINA TELECOM's earnings are estimated to grow by 7.5% YoY in 2024. The stock is still attractive given its dividend upside potential (a dividend payout ratio of over 75% by 2026). Nomura slightly lowered its 2025/ 2026 profit forecasts for CHINA TELECOM by 0.2-0.5%, and kept rating at Buy. The broker also dropped its target price from $5.8 to $5.5, and predicted that 2025 dividend yield will be 5.8%. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
