Hong Kong stock concept tracking: The launch ceremony of the first batch of G60 networked satellites will be held in Taiyuan on August 5th. There are huge industrial opportunities for commercial satellites (attached concept stocks).
According to the plan, the first phase will launch 1,296 satellites (by 2027), and in the future, it will build a network of more than 0.014 million low-orbit wideband multimedia satellites.
HK stocks fluctuate | Telecommunication sector has been declining for two consecutive days, high dividend style is significantly pulling back, institutions state that the disturbance of the central bank on the yield curve affects the logic of high dividen
Telecommunication sector has been continuously declining for two days. As of publication, China United Network Communications (00762) fell by 5.19%, closing at HKD 6.76; China Telecom (00728) fell by 3.64%, closing at HKD 4.5; China Mobile (00941) fell by 2.41%, closing at HKD 72.95.
Hong Kong stocks are volatile. Telecommunication sector fell collectively while the central bank's actions disrupted the yield curve. Institutions believe that this will have a certain impact on high dividend investments.
Today, the telecommunication sector experienced a collective decline. As of press time, China United Network Communications (00762) fell 3.75% to HKD 7.18; China Telecom (00728) fell 2.92% to HKD 4.66; China Mobile (00941) fell 0.79% to HKD 74.9.
A new batch of state-owned enterprise themed index ETFs has been approved.
Recently, a new batch of state-owned enterprise themed index etfs have been approved one after another.
Hong Kong stock concept tracking | AI will usher in important catalysts, domestic computing power will accelerate development period (with concept stocks).
The meeting emphasized the continuous breakthrough of xinxingchanye (emerging industries), the strategic development of global strategy (strategic) emerging industries and future industry development, the continuous promotion of industrial high-end, asia vets (intelligent), and green development, and the comprehensive implementation of the "AI+" special action.
Nomura: Maintains 'buy' rating for China Telecom (00728), target price at 5.8 Hong Kong dollars.
China Telecom's service revenue growth in the second quarter presents a great opportunity to maintain its leading position among peers, thanks to the stable performance of its core business.
[Brokerage Focus] Nomura raises target price for China Telecom (00728) by 13.7%, expects better performance in service revenue growth than peers in the second quarter.
Nomura released a research report, stating that China Telecom (00728) has a great opportunity to maintain its leading position in service revenue growth in the second quarter, thanks to the stable performance of its core business, despite the slowdown of emerging businesses such as cloud computing. The bank expects service revenue growth of 4-5% and profit growth of 5-7% in the second quarter, compared with slower growth in the first quarter. The bank lowered its forecast for service revenue from 2024 to 2026 by 0.6% to 1.1% and lowered its profit forecast by 5.4% to 7.6%. However, from the perspective of continuous dividend distribution, the bank still considers the stock attractive and maintains a “buy” rating with a target price of HKD 5.1.
China Telecom Adds 2.4 Million 5G Package Subscribers in June
China Telecom released its June operational data: 0.3366 billion 5G package users.
China Telecom (00728.HK) released its operation data for June 2024. In June 2024, the number of mobile users reached 416.85 million households, with a net increase of 1.47 million users for the month. The number of 5G package users reached 336.63 million households, with a net increase of 2.37 million users for the month. The number of wired broadband users reached 193.35 million households, with a net increase of 0.51 million users for the month. The number of fixed telephone users was 99.16 million households.
Beijing Dahao Technology Corp., Ltd. (603025.SH): Its holding subsidiary has preliminary cooperation with China Telecom's subsidiary, China Telecom Quantum Information Technology Group, on products such as quantum encryption machines.
On July 19, GeLongHui reported that Beijing Dahao Technology Corp., Ltd. (603025.SH) stated on its interactive platform that its controlling subsidiary, XingHan Internet, has had initial cooperation with China Telecom's subsidiary, China Telecom Quantum Information Technology Group, on products such as quantum encryption machines. Some of the cooperative products are still in the research and development or confidential testing phases of regulatory departments, and the subsequent sales scale progress needs to match the overall market development. After joining Beijing State-owned Assets, XingHan Internet actively participated in the selection of quantum-based platform products of various types developed by China Telecom Quantum, based on its own rich product resources, and sent products for testing in projects such as gigabit and terabit gateway and server cipher machines.
Nomura Adjusts China Telecom's Price Target to HK$5.80 From HK$5.10, Keeps at Buy
Express News | China Telecom Says June Net Increase of Mobile Subscribers 1.5 Million
Express News | China Telecom Says June 5G Package Subscribers 336.6 Mln
Express News | China Telecom Says June Mobile Subscribers 416.9 Mln
Nomura: Maintains 'buy' rating for China Telecom (00728), with target price raised to HKD 5.8.
The bank believes that China Telecom (00728) still has attractiveness due to the upward space of its dividend distribution.
Hangzhou Anysoft Information Technology's subsidiary has been pre-awarded the centralized procurement project for China Telecom's IPTV set-top box products.
Hangzhou Anysoft Information Technology (stock code: 300571.SZ) announced that recently, China Telecom's Sunshine Procurement Network external portal website released a...
Hangzhou Anysoft Information Technology (stock code: 300571.SZ) won a bid for a China Telecom project with a total value of 30.8777 million yuan.
On July 18th, Gelunhui announced that recently, the external portal of China Telecom Sunshine Procurement Network has released the "China Telecom IPTV smart set-top box product (2024-2025) centralized procurement project selection (first round) shortlist announcement". Hangzhou Anysoft Information Technology's subsidiary, Shenzhen Zhaoneng Xuntong Technology Co., Ltd. (referred to as "Shenzhen Zhaoneng"), is one of the shortlisted candidates for the aforementioned project. Shenzhen Zhaoneng Xuntong Technology Co., Ltd. is the centralized procurement
Hong Kong stock concept tracking | Sony will raise the prices of electronic products by about 10% in Japan, and the consumer electronics industry chain performance trend is good. (Related concept stocks)
The higher performance requirements of AI for hardware will help drive the recovery of demand for consumer electronics products.
Hong Kong stocks move unexpectedly | Telecommunication sector rebounds in early trading. Morgan Stanley expects steady profits for the second quarter of telecom operators and reiterates its "shareholding" rating.
The telecommunication sector rebounded in early trading. As of press time, China United Network Communications (00762) rose 2.82% to HKD 7.28; China Telecom (00728) rose 2.8% to HKD 4.78; China Mobile (00941) rose 1.53% to HKD 76.15.
Telecommunication sector rebounds, China United Network Communications (00762) rises by 2.82%. MIIT promotes Beidou application pilot.
Golden Guard Financial News | Telecommunication sector rebounds, China United Network Communications (00762) up 2.82%, China Telecom (00728) up 2.58%, China Mobile (00941) up 1.84%, Hutchtel HK (00215) up 0.98%. Recently, the Ministry of Industry and Information Technology issued a notice on selecting pilot cities for Beidou scale application in the industrial and information fields. It proposed to actively carry out pilot work around the three areas of mass consumption, industrial manufacturing and integration innovation, combined with local Beidou industrial foundation, city development characteristics and construction situation, accelerate the increase of Beidou penetration rate, and promote Beidou equipment and applications towards Beidou III.
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