On August 14, CHINA TELECOM (00728.HK) rose 3.08% in regular trading, trading at 4.675 HKD/share, with turnover of approximately 119 million HKD.
On the news front, the company announced that its board of directors will convene on August 20 to review interim results for the six months ended June 30 and consider the declaration of an interim dividend. A results briefing is also scheduled for the same day. Market consensus expects continued revenue growth this quarter, with institutional sentiment leaning bullish overall.
Additionally, Citi recently lowered its earnings forecast and H-share target price from 7.1 HKD to 5.7 HKD, but maintained its \"buy\" rating, implying upside from the current level. The approaching performance disclosure window, combined with dividend expectations, appears to be providing a near-term catalyst for capital inflows.
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