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Fly News Breaks for October 16, 2019
CHA
Oct 16, 2019 | 08:44 EDT
Citi upgraded China Telecom to Buy from Neutral with a price target of HK$4.70, up from HK$3.90. The firm believes 5G network sharing could deliver significant 5G capex and opex savings for the company. China Telecom is now Citi's top pick among Chinese telcos.
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