Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Expects ST Pressure on Shr Prices of CN Telecoms
Recommend 13 Positive 23 Negative 14 |
||||
|
||||
|
China's Ministry of Finance (MOF) and the State Administration of Taxation (SAT) raised the VAT on telecommunication services starting this year, CICC released a research report saying. The broker assumed that operators will not pass the tax burden onto customers in 2026, resulting in a reduction in income after tax that will fully reflect in profits. CICC set three scenarios. In the neutral scenario, the broker has revised its earnings forecasts for CHINA MOBILE (00941.HK) and CHINA TELECOM (00728.HK), and maintained its 2025 estimation unchanged, but lowered its revenue and net profit forecasts for 2026. In the short term, the share prices of Chinese telecoms may face pressure as the market digested the tax policy changes and lower earnings outlook, the report added. The broker's original ratings are kept, but its target prices have been dropped. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
