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<Research>CICC Keeps Rating at Outperform for CHINA TELECOM (00728.HK) on Strong Profit Growth in 1-3Q
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CHINA TELECOM (00728.HK) announced its results for the first three quarters of 2025, CICC released a research report saying. Operating revenue increased by 0.6% YoY to RMB394.3 billion, while service revenue rose by 0.9% YoY to RMB366.3 billion.

Net profit attributable to the parent company grew by 5% YoY to RMB30.8 billion. Revenue and profit performance were in line with the broker's expectations.

Related NewsM Stanley: CHINA TELECOM (00728.HK) 3Q NP Slightly Beats
Based on SOTP valuation, CICC kept rating at Outperform for the Company's A-shares, with a target price of RMB8.3, corresponding to a PE ratio of 21.9x/ 20.9x for 2025/ 2026 each.

The broker also kept rating at Outperform for CHINA TELECOM's H-shares, with a target price of $7, corresponding to a PE ratio of 16.9x/ 15.9x for 2025/ 2026 respectively.
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