CHINA TELECOM's stock price surged 5.29% during intraday trading on Wednesday, reflecting strong investor optimism.
The rally follows announcements from China's State-owned Assets Supervision and Administration Commission (SASAC) regarding efforts to advance the establishment of new central state-owned enterprises and carry out strategic reorganizations. Furthermore, SASAC officials stated that state-owned central enterprises will intensify the promotion of the "AI+" special action, positioning them as key suppliers of intelligent computing infrastructure and important solvers for empowering various industries with artificial intelligence.
Institutional analysis also contributed to the positive sentiment. Zheshang Securities highlighted that the central government's emphasis on preventing internal competition is conducive to stabilizing the Average Revenue Per User (ARPU) for telecom operators. The firm also noted the sector's prominent dividend investment value, strong profit resilience, and high dividend attributes, which provide a safety margin in a complex macroeconomic environment. CHINA TELECOM was among the telecom operators recommended by the brokerage.
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