Stock Track | China Telecom Shares Soar on Robust Telecom Sector Growth

Stock Track10-02

Shares of China Telecom Corp. surged 5.16% on Tuesday, outperforming the broader market, as investors cheered the robust growth in China's telecommunications services sector during the January-August period.

According to data from the Ministry of Industry and Information Technology, China's telecom services revenue rose 2.7% year-over-year to 1.17 trillion yuan ($164 billion) in the first eight months of 2024. The growth was driven by a significant 11% increase in revenue from emerging businesses of major telecom providers, including China Telecom, China Mobile and China Unicom.

Notably, the cloud computing and big data segments witnessed impressive growth, with revenue surging 12% and 62% respectively. As a leading player in the telecom industry, China Telecom is expected to benefit from the strong momentum in these rapidly growing areas.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1102388705?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-02 16:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102388705","market":"hk","top_or_hot":-1,"title":"Stock Track | China Telecom Shares Soar on Robust Telecom Sector Growth","media":"Stock Track","content":"<p>Shares of China Telecom Corp. surged 5.16% on Tuesday, outperforming the broader market, as investors cheered the robust growth in China's telecommunications services sector during the January-August period.</p>\n\n<p>According to data from the Ministry of Industry and Information Technology, China's telecom services revenue rose 2.7% year-over-year to 1.17 trillion yuan ($164 billion) in the first eight months of 2024. The growth was driven by a significant 11% increase in revenue from emerging businesses of major telecom providers, including China Telecom, China Mobile and China Unicom.</p>\n\n<p>Notably, the cloud computing and big data segments witnessed impressive growth, with revenue surging 12% and 62% respectively. As a leading player in the telecom industry, China Telecom is expected to benefit from the strong momentum in these rapidly growing areas.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | China Telecom Shares Soar on Robust Telecom Sector Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | China Telecom Shares Soar on Robust Telecom Sector Growth\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-02 16:50 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of China Telecom Corp. surged 5.16% on Tuesday, outperforming the broader market, as investors cheered the robust growth in China's telecommunications services sector during the January-August ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00728","symbol_name":"中国电信","start_time":0,"source_url":"","article_id":"1102388705","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102388705","pubTimestamp":1727859047,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China Telecom Corp. surged 5.16% on Tuesday, outperforming the broader market, as investors cheered the robust growth in China's telecommunications services sector during the January-August period.According to data from the Ministry of Industry and Information Technology, China's telecom services revenue rose 2.7% year-over-year to 1.17 trillion yuan  in the first eight months of 2024. The growth was driven by a significant 11% increase in revenue from emerging businesses of major tele","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00728":"中国电信"},"translate_title":"股票轨迹中国电信股价因电信行业强劲增长而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00728":1},"content_text":"Shares of China Telecom Corp. surged 5.16% on Tuesday, outperforming the broader market, as investors cheered the robust growth in China's telecommunications services sector during the January-August period.\nAccording to data from the Ministry of Industry and Information Technology, China's telecom services revenue rose 2.7% year-over-year to 1.17 trillion yuan ($164 billion) in the first eight months of 2024. The growth was driven by a significant 11% increase in revenue from emerging businesses of major telecom providers, including China Telecom, China Mobile and China Unicom.\nNotably, the cloud computing and big data segments witnessed impressive growth, with revenue surging 12% and 62% respectively. As a leading player in the telecom industry, China Telecom is expected to benefit from the strong momentum in these rapidly growing areas.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1102388705"}