Type
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public | ||||||
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Traded as |
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ISIN | CNE1000002V2 | ||||||
Industry | Telecommunications | ||||||
Founded | 10 September 2002 (2002-09-10) | ||||||
Founder | China Telecommunications Corporation | ||||||
Headquarters | Beijing, China | ||||||
Area served
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most of mainland China | ||||||
Key people
|
|
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Services |
|
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Revenue | CN¥352.285 billion (2016) | ||||||
Operating income
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CN¥027.201 billion (2016) | ||||||
Net income
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CN¥018.004 billion (2016) | ||||||
Total assets | CN¥652.368 billion (2016) | ||||||
Total equity | CN¥315.324 billion (2016) | ||||||
Owner | China Telecommunications Corporation (70.89%) | ||||||
Number of employees
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287,076 (2016) | ||||||
Parent | China Telecommunications Corporation | ||||||
Website | chinatelecom-h.com | ||||||
Footnotes / references in a consolidated financial statement |
China Telecom Corp., Ltd. is a Chinese Telecommunications company. It is one of the listed companies of state-owned China Telecommunications Corporation. It's H share traded in the Hong Kong Stock Exchange since 15 November 2002. It is a constituent of Hang Seng China Enterprises Index, the index for H share of state-controlled listed companies.
China Telecom Corp., Ltd. was incorporated on 10 September 2002 as a limited company in order to float some of the assets of the group in the stock exchange, specifically the wireline telecommunications business in Shanghai, Guangdong, Jiangsu and Zhejiang, as well as other assets from the parent company.
In 2003, it acquired business in Anhui, Fujian, Jiangxi, Guangxi, Chongqing, Sichuan, as well as other assets for CN¥46 billion. In 2004, it acquired business in Hubei, Hunan, Hainan, Guizhou, Yunnan, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang and other assets for CN¥27.8 billion. In 2007, it acquired three companies China Telecom System Integration, China Telecom Global and China Telecom (Americas) for CN¥1.408 billion. In 2008 the business in Beijing (as China Telecom Group Beijing) was acquired for CN¥5.557 billion. In 2011, e-commerce business and video media business were acquired by China Telecom's subsidiaries E-surfing Pay and E-surfing Media. However, subsidiary E-surfing Media was sold back to the parent company in 2013. In 2012, digital trunking business was acquired from sister company Besttone Holding (a listed company of Shanghai Stock Exchange) for CN¥48 million. In 2013, China Telecom (Europe) was acquired from the parent company for CN¥278 million.
2016-06-15 | Downgrade | Citigroup Inc. | Buy to Neutral | |
2015-10-30 | Downgrade | Sanford C. Bernstein | Outperform to Market Perform | |
2015-08-21 | Lower Price Target | Jefferies Group | Buy | $77.50 to $71.00 |
2015-08-20 | Upgrade | Citigroup Inc. | Sell to Neutral | |
2015-08-17 | Reiterated Rating | Credit Suisse | Outperform | |
2015-08-17 | Reiterated Rating | Credit Suisse Group AG | Outperform | |
2015-07-03 | Reiterated Rating | Credit Suisse | Overweight | |
2015-05-29 | Upgrade | Jefferies Group | Hold to Buy | |
2015-04-15 | Upgrade | Sanford C. Bernstein | Market Perform to Outperform | |
2015-03-18 | Upgrade | Barclays | Equal Weight to Overweight | |
2015-03-18 | Upgrade | Barclays PLC | Equal Weight to Overweight | |
2014-09-23 | Downgrade | BNP Paribas | Buy to Hold | |
2014-08-28 | Upgrade | Mizuho | Neutral to Buy | |
2014-08-28 | Upgrade | HSBC | Underweight to Neutral | |
2014-08-27 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | |
2014-08-05 | Reiterated Rating | Jefferies Group | Buy | $51.50 to $63.20 |
2014-05-23 | Downgrade | HSBC | Overweight to Underweight | |
2014-05-19 | Downgrade | Goldman Sachs | Buy to Neutral | |
2014-02-10 | Upgrade | BNP Paribas | Hold to Buy | |
2014-02-07 | Upgrade | Societe Generale | Hold to Buy | |
2014-02-06 | Upgrade | Credit Suisse | Neutral to Outperform | |
2013-12-30 | Reiterated Rating | Credit Suisse | Neutral | |
2013-10-17 | Initiated Coverage | Sanford C. Bernstein | Market Perform | |
2010-12-07 | Initiated | Auriga U.S.A | Buy | $65 |
2010-03-23 | Upgrade | HSBC Securities | Underweight to Neutral | |
2010-02-26 | Upgrade | Deutsche Bank | Hold to Buy | |
2010-01-13 | Initiated | Bernstein | Mkt Perform | $45 |
2009-11-23 | Upgrade | Credit Suisse | Underperform to Neutral | |
2009-08-20 | Upgrade | Deutsche Securities | Sell to Hold | |
2009-03-25 | Downgrade | Citigroup | Hold to Sell | |
2009-02-17 | Upgrade | Deutsche Securities | Sell to Hold | |
2009-02-04 | Downgrade | HSBC Securities | Neutral to Underweight | |
2008-10-28 | Upgrade | UBS | Neutral to Buy | |
2007-10-15 | Downgrade | Bear Stearns | Peer Perform to Underperform | |
2007-07-10 | Downgrade | Deutsche Securities | Buy to Hold | |
2007-06-28 | Downgrade | UBS | Neutral to Reduce | |
2007-06-21 | Downgrade | Credit Suisse | Outperform to Neutral | |
2007-02-16 | Upgrade | Goldman Sachs | Neutral to Buy |
2016-06-15 | Downgrade | Citigroup Inc. | Buy to Neutral | |
2015-10-30 | Downgrade | Sanford C. Bernstein | Outperform to Market Perform | |
2015-08-21 | Lower Price Target | Jefferies Group | Buy | $77.50 to $71.00 |
2015-08-20 | Upgrade | Citigroup Inc. | Sell to Neutral | |
2015-08-17 | Reiterated Rating | Credit Suisse | Outperform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CHA 10 funds of 2213 total. Show all
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CAPSTONE ASSET MANAGEMENT CO | 10085 |
MetLife Securities, Inc | 348 |
Cornerstone Advisors, Inc. | 284 |
LADENBURG THALMANN FINANCIAL SERVICES INC | 222 |
DREMAN VALUE MANAGEMENT, L L C | 115 |
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Aris Wealth Services, Inc. | 45 |