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CHA $32.99   View long term graphs

China Telecom
Type
public
Traded as
unlisted (A share)
SEHK: 00728 (H share)
NYSE: CHA (ADS)
ISIN CNE1000002V2
Industry Telecommunications
Founded 10 September 2002; 15 years ago (2002-09-10)
Founder China Telecommunications Corporation
Headquarters Beijing, China
Area served
most of mainland China
Key people
Yang Jie (chairman & CEO)
Services
  • Fixed-line telephony
  • mobile telephony
  • Internet access
  • digital television
Revenue Increase CN¥352.285 billion (2016)
Operating income
Increase CN¥027.201 billion (2016)
Net income
Decrease CN¥018.004 billion (2016)
Total assets Increase CN¥652.368 billion (2016)
Total equity Increase CN¥315.324 billion (2016)
Owner China Telecommunications Corporation (70.89%)
Number of employees
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.

News

China Telecom Corporation Limited -0.48% (communication services)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-08-18 0.00 2.44
Q4 2019 2020-03-24 0.00 0.46
Q3 2019 2019-10-28 0.00 0.68
Q2 2019 2019-08-21 0.00 1.41
Q1 2019 2019-04-29 0.00 1.10
Q4 2018 2019-03-19 0.00 0.39
Q3 2018 2018-10-29 0.00 0.89
Q2 2018 2018-08-20 0.00 1.41
Q1 2018 2018-04-27 0.00 1.12
Q4 2017 2018-03-28 0.00 0.10

Ratings

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

Major Shareholders

Name Relationship Total Shares Holding stocks

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