Anxin securities released a research report on April 24, saying that it maintained the Buy-A rating of China Telecom Corporation Limited(601728) ( China Telecom Corporation Limited(601728) .sh, latest price: 3.96 yuan). The reasons for the rating mainly include: 1) the mobile fixed network business is progressing well, and the 5g migration and smart home development drive ARPU; 2) The contribution value of industrial digitization is accelerated to give full play to the market competitiveness of Tianyi cloud; 3) Increase investment in research and development, and ensure accurate and scientific cost control. Risk tip: 5g construction is less than expected, industrial digital development is less than expected, economic and policy environment risks, and the improvement of the company’s ARPU value is less than expected.
AI comments: China Telecom Corporation Limited(601728) in the past month, it has received the attention of 6 research reports of securities companies, bought 3 and increased its holdings of 2. The average target price is 6.12 yuan, which is 2.16 yuan higher than the latest price of 3.96 yuan, and the average target price increases by 54.55%.
