DBS sees HKD 5.70 target for China Telecom stock
Published on 10/13/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- DBS maintained a Buy rating and set a HKD 5.70 target on September 17, 2026, below its former HKD 5.90 target.
- China Telecom is due to report on October 23, 2026, with analysts forecasting CNY 124.81 billion in quarterly revenue.
- China Telecom stock was HKD 4.68 at 4:08 p.m. HKT on October 13, 2026, up 0.43 percent from HKD 4.67.
- The stock traded at a 20.59 price-to-earnings ratio and carried a 6.20 percent dividend yield.
DBS maintained its Buy rating for China Telecom and set a HKD 5.70 target on September 17, 2026, down from HKD 5.90. The target is 21.79 percent above the Hong Kong price of HKD 4.68. China Telecom stock was HKD 4.68 at 4:08 p.m. HKT on October 13, 2026, up 0.43 percent from HKD 4.67.
October 23 results carry estimates
China Telecom is scheduled to report its quarter ended September 30, 2026, on October 23, 2026. Finanzen reports that two analysts expect CNY 124.81 billion in revenue and CNY 0.063 in earnings per share for the quarter.
The forecast compares with CNY 136.42 billion in revenue and CNY 0.090 in earnings per share in the year-earlier quarter. The estimates point to a lower revenue base, making the October report a clear test of the company's intelligence-services expansion.
Stock remains below its yearly high
The Hong Kong listing traded within a HKD 4.62 to HKD 4.68 day range on October 13, 2026. Its HKD 4.24 to HKD 6.08 52-week range places the latest price 23.03 percent below the high, while the stock is down 14.91 percent over one year.
Trading volume was 40,578,331 shares, versus an average of 59,789,659 shares. That is 32.13 percent below the average and gives the day's small price gain a restrained turnover profile.
Valuation and dividend profile
China Telecom had a market capitalization of HKD 536.9 billion and a price-to-earnings ratio of 20.59 on October 13, 2026. Its dividend yield was 6.20 percent, according to Investing.com.
The latest half-year figures add a mixed operating backdrop. According to DBS, first-half 2026 net profit fell 14.90 percent year over year to CNY 19.60 billion, while intelligence revenue rose 7.10 percent to CNY 31.10 billion. The contrast leaves the October results focused on whether faster digital growth can offset pressure in traditional communications.
Comparison with peers
China Telecom: plus 0.43 percent, P/E 20.59, market capitalization HKD 536.9 billion
China Mobile (HKEX, HKD): plus 0.63 percent, P/E 11.40, market capitalization HKD 1,668.7 billion
China Unicom (Hong Kong) (HKEX, HKD): plus 0.09 percent, P/E 7.37, market capitalization HKD 173.5 billion
Price and reporting date
China Telecom traded at HKD 4.68 in Hong Kong on October 13, 2026 at 4:08 p.m. HKT, up 0.43 percent versus the prior close of HKD 4.67. The next scheduled earnings date is October 23, 2026.
China Telecom stock data
- Company: China Telecom Corporation Limited
- ISIN: CNE1000002V2
- Ticker: 0728
- Primary exchange: Hong Kong Stock Exchange
- Price Hong Kong (as of October 13, 2026, 4:08 p.m. HKT): HKD 4.68
- Change versus prior close: plus 0.43 percent
- Prior close Hong Kong (October 12, 2026): HKD 4.67
- Market capitalization: HKD 536.9 billion (as of October 13, 2026)
- 52-week range: HKD 4.24-6.08 (as of October 13, 2026)
- Sector / Industry: Technology / Telecommunications Services
- Next earnings date: October 23, 2026
Market context: Current market reports.
