Earnings Alerts

China Telecom (H) (728) Earnings Surge: 3Q Net Income Hits 7.49B Yuan as 5G Penetration Reaches 81.6%

By October 22, 2024 No Comments
  • China Telecom’s net income for the third quarter was 7.49 billion yuan.
  • The company has a total of 422.67 million mobile subscribers.
  • Among its mobile subscribers, 345.06 million are using 5G packages.
  • The 5G penetration rate among its subscribers stands at 81.6%.
  • Net income for the first nine months of the year reached 29.30 billion yuan.
  • Currently, financial analysts’ recommendations include 20 buys, 1 hold, and no sells.

A look at China Telecom (H) Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Telecom Corporation Limited, a major player in the Chinese telecommunications industry, appears to have a promising long-term outlook based on the Smartkarma Smart Scores analysis. With top scores in Value and Dividend factors, China Telecom (H) demonstrates strong fundamentals that could attract value investors seeking stable returns and income. Moreover, its solid scores in Growth and Momentum suggest potential for future expansion and market performance. However, the slightly lower score in Resilience may indicate some market volatility risks that investors should consider.

China Telecom (H) seems well-positioned for sustainable growth and income generation, making it an enticing option for long-term investors. Its leading Value and Dividend scores underscore its financial stability and potential for steady returns, while positive scores in Growth and Momentum hint at future opportunities for market outperformance. Despite a moderate score in Resilience, the overall outlook for China Telecom (H) based on the Smartkarma Smart Scores suggests a favorable investment potential in the telecommunications sector.

Summary: China Telecom Corporation Limited provides wireline telephone, data, Internet, and leased line services in China.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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