UBS: Raises China Telecom (00728.HK) target price to HK$5.7, maintains "Buy" rating

Zhitong Finance APP has learned that UBS released a research report stating that it has raised the target price of China Telecom (00728.HK) by 1.8%, from HK$5.6 to HK$5.7, while maintaining a "Buy" rating. The bank has slightly adjusted its net profit forecasts for 2026 to 2028 by 0% to 2%, and has extended the valuation period of its discounted cash flow (DCF) model backward by 3 months.