BOC International kept HKD 6.96 target for China Telecom stock

Published on 10/19/2026 at 10:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Telecom stock faces an RMB 6.6 billion third-quarter profit forecast. Results are due October 23, 2026 after RMB 259.0 billion first-half revenue.

Target, results and growth

BOC International maintained a HKD 6.96 target on October 14, 2026.
China Telecom reported CNY 259.0 billion in first-half revenue, down 3.90 percent year over year.
China Telecom is scheduled to report third-quarter 2026 results on October 23, 2026.

China Telecom, CNE1000002V2, Illustration mit AI erstellt.

China Telecom (ISIN CNE1000002V2) saw BOC International maintain a Buy rating and an HKD 6.96 target on October 14, 2026, according to Futunn. The call came as the bank kept its fiscal 2026 revenue and earnings forecasts unchanged.

BOC flags near-term earnings pressure

BOC International forecast third-quarter 2026 net profit of RMB 6.6 billion, a 13.5 percent year-over-year decline, while expecting fourth-quarter profit to rebound 33.3 percent year over year. The bank also projected a 28.5 percent EBITDA margin for the third quarter and kept full-year capital expenditure guidance at RMB 73.0 billion, according to Futunn.

Three dated signals shape the stock

On August 20, 2026, China Telecom released first-half results showing RMB 259.0 billion in operating revenue, down 3.90 percent year over year, and RMB 19.6 billion in net profit, down 14.90 percent, according to Futunn. On September 30, 2026, the company introduced its TeleOCR document model, while a later report described the model's 1.2 billion parameters, according to Simply Wall St. On October 14, 2026, BOC International maintained its HKD 6.96 target and Buy rating, according to Futunn.

What does the target mean for growth?

The operating picture is mixed. First-half smart-business revenue rose 7.10 percent to RMB 31.1 billion, while China Telecom Cloud revenue increased 7.80 percent to RMB 61.8 billion, according to Yahoo Finance. Free cash flow reached CNY 28.9 billion and increased 121.00 percent, while intelligent computing capacity exceeded 118.8 EFLOPS. These figures explain why BOC's target rests on AI and cloud expansion even as reported profit faces VAT-related pressure.

Next results date

China Telecom is scheduled to report third-quarter 2026 results on October 23, 2026, according to Simply Wall St. The release is expected to test whether cloud and intelligent-business growth can offset weaker reported earnings.

AI growth meets earnings pressure

China Telecom's first-half figures put the October 23 reporting date at the center of the investment case: cloud revenue grew 7.80 percent, but total operating revenue declined 3.90 percent. The company's next results will show whether that gap is narrowing.