BOC keeps HKD 6.96 target for China Telecom stock

Published on 10/16/2026 at 09:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit reached CNY 19.6 billion, down 14.90 percent. Revenue was CNY 259.0 billion, with results due October 23, 2026 for China Telecom stock.

Analyst view and operating pressure

BOC International maintained its HKD 6.96 target on October 14, 2026.
First-half revenue reached CNY 259.0 billion and net profit totaled CNY 19.6 billion.
China Telecom's next results are scheduled for October 23, 2026.

China Telecom, CNE1000002V2, Illustration mit AI erstellt.

China Telecom (ISIN CNE1000002V2) has a HKD 6.96 price target from BOC International after the bank maintained its Buy rating on October 14, 2026. The call comes as first-half earnings showed pressure from value-added tax changes and weaker legacy operations.

What changed in the targets?

According to Futu on October 14, 2026, BOC International kept its HKD 6.96 target and Buy rating. The report forecasts third-quarter 2026 net profit of RMB 6.6 billion, down 13.5 percent year over year, while fourth-quarter profit is projected to rise 33.3 percent year over year.

The target view contrasts with the latest reported numbers. DBS wrote on September 17, 2026, that first-half net profit fell 14.9 percent to RMB 19.6 billion, 8 percent below consensus. Its revised target was HKD 5.70, down from HKD 5.90.

Three dated signals shape the view

On August 20, 2026, China Telecom released its interim report with operating revenue of RMB 259.0 billion, down 3.9 percent year over year, according to Futu. On September 17, 2026, DBS cut its target to HKD 5.70 from HKD 5.90. On October 14, 2026, BOC International maintained its HKD 6.96 target.

The operating mix offers a counterpoint to the profit decline. Smart-business revenue rose 7.1 percent to RMB 31.1 billion in the first half of 2026, while China Telecom Cloud revenue increased 7.8 percent to RMB 61.8 billion, according to the same interim-report coverage. Computing-network investment reached RMB 15.4 billion, or 48 percent of first-half capital spending.

When are the next results?

China Telecom is scheduled to report its third-quarter 2026 results on October 23, 2026, according to the dated company coverage shown by the investor-relations topic record. That report will test whether the projected RMB 6.6 billion profit decline is followed by the recovery BOC International expects in the fourth quarter.

Hong Kong quote and valuation

On HKEX, China Telecom was last at HKD 4.66 on October 16, 2026 at 3:11 p.m. HKT. Its market capitalization was HKD 533.5 billion, and the 52-week range was HKD 4.24 to HKD 6.08 on the same date. The company is listed as 728.HK on HKEX under the submitted ISIN, according to Global Banking and Finance.