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Fly News Breaks for September 26, 2019
CHU, CHA
Sep 26, 2019 | 16:23 EDT
UBS analyst James Wang upgraded China Telecom (CHA) to Buy from Neutral and raised his price target on shares to HK$4.80 from HK$4.60. Wang noted that China Telecom has "gained a significant share of the mobile market" and has been an "outperformer among the Chinese telcos in the last 18 months." Additionally, the analyst believes the benefits of the co-build with China Unicom (CHU) are being underappreciated by the market.
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