Bank of China keeps HKD 6.96 target for China Telecom stock

Published on 10/15/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Telecom stock has a HKD 6.96 target after a Buy rating was maintained on October 14, 2026. First-half revenue fell 3.90 percent to CNY 259.0 billion.

Analyst view and earnings calendar

Bank of China maintained a HKD 6.96 target on October 14, 2026.
First-half 2026 revenue fell 3.90 percent to CNY 259.0 billion.
China Telecom will review nine-month results on October 22, 2026.

China Telecom, CNE1000002V2, Illustration mit AI erstellt.

China Telecom (ISIN CNE1000002V2) is heading toward its nine-month results after Bank of China maintained a Buy rating and a HKD 6.96 price target on October 14, 2026, according to Markets Insider. The target is the latest concrete analyst reference before the company's next scheduled results review.

Three dates shaped the setup

On August 20, 2026, China Telecom released first-half figures showing operating revenue of CNY 259.0 billion, down 3.90 percent year over year, and net profit attributable to shareholders of CNY 19.6 billion, down 14.90 percent, according to Futunn.com. On October 9, 2026, the company announced a board meeting for October 22 to approve results for the nine months ended September 30, 2026, in an HKEX filing published by HKEX. On October 14, 2026, Bank of China kept its HKD 6.96 target.

What does the target mean?

The HKD 6.96 target stands 47.46 percent above the latest HKEX quote of HKD 4.72 on October 15, 2026 at 3:59 p.m. HKT. That gap gives the upcoming report a clear test: investors will compare the September quarter with the first-half decline and the bank's forecast for a third-quarter net profit of RMB 6.6 billion.

Futunn.com reported that BOC International expects third-quarter 2026 net profit to fall 13.50 percent year over year while forecasting fiscal-year 2026 AIDC revenue of RMB 38.0 billion, up 10.00 percent. The same report said capital expenditure guidance remained RMB 73.0 billion, with computing-power investment accounting for 48.00 percent of first-half capital expenditure.

Results date sets the next test

The next confirmed date is October 22, 2026, when the board is scheduled to review the nine-month results for the period ended September 30, 2026. For investors, the key comparison is whether the September quarter narrows the first-half earnings decline while the company's computing-power investment continues to support its intelligence business.