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CHINA TELECOM CORPORATION LIMITED

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HK shares weighed down by technology sector

05/10/2021 | 04:46am EDT

May 10 (Reuters) - Hong Kong shares edged lower on Monday as the technology sector fell amid Beijing's deepening anti-trust war, outweighing gains in energy firms and vaccine makers.

** The Hang Seng index fell 0.1%, to 28,595.66, while the China Enterprises Index lost 0.5%, to 10,651.07. ** The Hang Seng Tech index dropped 0.9% amid signs regulators are ramping up a campaign to rein in the clout of tech giants. On Saturday, China's internet watchdog announced a ban on some mobile app notifications.

** Index heavyweight Alibaba fell over 2%, while Meituan tumbled more than 7%.

** Meanwhile, China Mobile Ltd, China Unicom and China Telecom Corp all dipped, after the three Chinese telecommunications companies said on Friday they would be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.

** Shares of healthcare firms soared, as vaccine makers rebounded from last week's drubbing after a U.S. proposal to waive patents for COVID-19 jabs met with fierce opposition from European governments and pharmaceutical giants. ** Shanghai Fosun Pharmaceutical's shares jumped 25% in Hong Kong, after the drugmaker said a subsidiary had agreed to provide a factory to make the COVID-19 vaccine developed by BioNTech in China. ** Energy shares rose sharply, after a cyber attack shut down a U.S. pipeline operator that provides nearly half of the U.S. east coast's fuel supply, spurring oil and gas futures prices. (Reporting by the Shanghai Newsroom; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MOBILE LIMITED 1.26% 48.25 End-of-day quote.9.16%
CHINA TELECOM CORPORATION LIMITED 0.65% 3.11 End-of-day quote.44.65%
CHINA UNICOM (HONG KONG) LIMITED 1.94% 4.2 End-of-day quote.-5.62%
MEITUAN 9.49% 228.4 End-of-day quote.-22.47%
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Financials
Sales 2021 418 B 64 751 M 64 751 M
Net income 2021 23 754 M 3 680 M 3 680 M
Net Debt 2021 26 985 M 4 180 M 4 180 M
P/E ratio 2021 11,2x
Yield 2021 4,83%
Capitalization 252 B 32 385 M 38 989 M
EV / Sales 2021 0,67x
EV / Sales 2022 0,60x
Nbr of Employees 277 809
Free-Float 17,1%
Chart CHINA TELECOM CORPORATION LIMITED
Duration : Period :
China Telecom Corporation Limited Technical Analysis Chart | 728 | CNE1000002V2 | MarketScreener
Technical analysis trends CHINA TELECOM CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 3,11 CNY
Average target price 3,32 CNY
Spread / Average Target 6,70%
EPS Revisions
Managers and Directors
Rui Wen Ke Chairman & Chief Executive Officer
Zheng Mao Li President, COO & Executive Director
Min Zhu CFO, Secretary, Executive Director & Executive VP
Yi Xun Sui Chairman-Supervisory Board
Er Ming Xu Independent Non-Executive Director
Sector and Competitors