Bank of America sets HKD 6.00 target for China Telecom stock

Published on 10/22/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A HKD 6.00 target followed a Buy rating on October 20, 2026. China Telecom stock faces nine-month results due October 22, 2026.

Analyst target and reporting date

Bank of America assigned a HKD 6.00 target and Buy rating on October 20, 2026.
China Telecom generated CNY 244.1 billion in first-half 2026 revenue.
China Telecom stock had a HKD 4.37 market quote on October 22, 2026, while its market capitalization was HKD 500.8 billion.

China Telecom, CNE1000002V2, Illustration mit AI erstellt.

China Telecom (ISIN CNE1000002V2) generated CNY 244.1 billion in revenue and CNY 19.6 billion in net profit during the first half of 2026. Investing.com reported on October 20, 2026 that Bank of America initiated coverage with a Buy rating and a HKD 6.00 target. The target is 37.30 percent above the HKD 4.37 market quote dated October 22, 2026.

China Telecom enters a results window

TipRanks reported that China Telecom scheduled a board meeting for October 22, 2026, to review and approve results for the nine months ended September 30, 2026. The date places the company at a clear information point, with investors waiting for the third-quarter revenue and profit figures.

China Telecom's first-half operating picture gives that release a measurable baseline. Its CNY 244.1 billion revenue was accompanied by CNY 19.6 billion in net profit, while Yahoo Finance reported CNY 28.9 billion in free cash flow, up 121 percent year over year. The same transcript showed cloud revenue of CNY 61.8 billion, up 7.8 percent.

What does the target imply?

The valuation gap is substantial but not a forecast from this article. Bank of America's HKD 6.00 target stands 37.30 percent above the HKD 4.37 quote, while the stock's 52-week range was HKD 4.24 to HKD 6.08 on the same market-data snapshot. The lower end of that range sits only HKD 0.13 below the quote, keeping the latest result in focus for valuation-sensitive investors.

Three dated China Telecom developments

On August 20, 2026, the company presented first-half revenue of CNY 244.1 billion and net profit of CNY 19.6 billion through its results presentation. On October 20, 2026, Bank of America initiated coverage with a Buy rating and a HKD 6.00 target, according to Investing.com. On October 22, 2026, the board was scheduled to approve results for the nine months ended September 30, 2026.

The next disclosed date is October 22, 2026, the board meeting for the nine-month results. The reporting period ends on September 30, 2026.

Market value and reporting date

China Telecom was valued at HKD 500.8 billion on October 22, 2026, with a HKD 4.24 to HKD 6.08 52-week range. The company operates in communication services and is listed on HKEX under ticker 0728. Its first-half figures and the HKD 6.00 analyst target give the upcoming results a concrete benchmark.

China Telecom stock was last quoted at HKD 4.37 on HKEX on October 22, 2026 at 3:57 p.m. HKT.