New Street: China Telecom (Buy, TP: HK$6.2, +129%) Feedback from small group call with IR
We hosted a call this evening HK time with IR at China Telecom. Double digit revenue and net profit growth targeted in the next 2-3 years makes China Telecom look compelling at this stage for those allowed to invest; Target remains HK$ 6.2/share.
China Telecom is a full services integrated information service operator and wireline telecommunications and broadband services provider in the People's Republic of China. Co. offers wireline and mobile telecommunications services including wireline voice, mobile voice, internet, managed data and leased line, value-added telecommunications services, integrated information application services and other related services. As of Dec 31 2010, Co. had wireline access lines in service of approximately 175 million, wireline broadband subscribers of approximately 63 million and mobile subscribers of approximately 90 million.
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- Pan European Telecom Services and Cable
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- Global Emerging Market Telecoms
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- Pan European Telecom Services and Cable
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