China Telecom Industry Revenue Growth to Be Driven by Emerging Business -- Market Talk

Dow Jones2023-11-23

0819 GMT - China's telecommunications industry will likely continue to see revenue growth, driven by emerging business sectors. The industry posted revenue growth of 6.9% on year in the first 10 months of 2023, Nomura analysts say in a research note, citing data from China's Ministry of Industry and Information Technology. Emerging sectors, which include cloud computing, big data and internet of things, contributed about 21% of the industry's revenue during this period, according to the data. Meanwhile, core businesses, such as broadband and mobile, offer solid cash flows to support dividend growth, the analysts add. Nomura likes China Mobile and China Telecom as defensive plays with solid earnings growth and attractive dividend yields. (gen.soledad@wsj.com)

(END) Dow Jones Newswires

November 23, 2023 03:20 ET (08:20 GMT)

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/2385864982?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-23 16:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2385864982","market":"nz","top_or_hot":-1,"title":"China Telecom Industry Revenue Growth to Be Driven by Emerging Business -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0819 GMT - China's telecommunications industry will likely continue to see revenue growth, driven by emerging business sectors. The industry posted revenue growth of 6.9% on year in the first 10 months of 2023, Nomura analysts say in a research note, citing data from China's Ministry of Industry and Information Technology. Emerging sectors, which include cloud computing, big data and internet of things, contributed about 21% of the industry's revenue during this period, according to the data. Meanwhile, core businesses, such as broadband and mobile, offer solid cash flows to support dividend growth, the analysts add. Nomura likes China Mobile and China Telecom as defensive plays with solid earnings growth and attractive dividend yields. (gen.soledad@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 23, 2023 03:20 ET (08:20 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>China Telecom Industry Revenue Growth to Be Driven by Emerging Business -- Market Talk</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\">\nChina Telecom Industry Revenue Growth to Be Driven by Emerging Business -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-23 16:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0819 GMT - China's telecommunications industry will likely continue to see revenue growth, driven by emerging business sectors. The industry posted revenue growth of 6.9% on year in the first 10 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2385864982","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2385864982","pubTimestamp":1700727600,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0819 GMT - China's telecommunications industry will likely continue to see revenue growth, driven by emerging business sectors. The industry posted revenue growth of 6.9% on year in the first 10 months of 2023, Nomura analysts say in a research note, citing data from China's Ministry of Industry and Information Technology. Emerging sectors, which include cloud computing, big data and internet of things, contributed about 21% of the industry's revenue during this period, according to the data. Meanwhile, core businesses, such as broadband and mobile, offer solid cash flows to support dividend growth, the analysts add. Nomura likes China Mobile and China Telecom as defensive plays with solid earnings growth and attractive dividend yields. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"00728":"中国电信","CHA":"中国电信","00941":"中国移动"},"translate_title":"新兴业务带动中国电信业收入增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHA":1,"00728":0.9,"00941":0.9},"content_text":"0819 GMT - China's telecommunications industry will likely continue to see revenue growth, driven by emerging business sectors. The industry posted revenue growth of 6.9% on year in the first 10 months of 2023, Nomura analysts say in a research note, citing data from China's Ministry of Industry and Information Technology. Emerging sectors, which include cloud computing, big data and internet of things, contributed about 21% of the industry's revenue during this period, according to the data. Meanwhile, core businesses, such as broadband and mobile, offer solid cash flows to support dividend growth, the analysts add. Nomura likes China Mobile and China Telecom as defensive plays with solid earnings growth and attractive dividend yields. (gen.soledad@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 23, 2023 03:20 ET (08:20 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"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":"4.22.4","shortVersion":"4.22.4","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/2385864982"}