China Telecom Ltd (CHL) Message Board

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Strategies & Market Trends : China Telecom Ltd (CHL)

CHL 27.51

0.0%

Sep 27 5:00 PM EST

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To: jharper who wrote (22)	11/28/1997 2:00:00 PM
From: Chunsheng Zhou	Read Replies (2) of 149

Some good news: RESEARCH ALERT - China Telecom seen a buy NEW YORK, Nov 28 (Reuters) - J.P. Morgan said on Friday it started coverage on shares of China Telecom (Hong Kong) Ltd with a buy rating. -- Analyst David Barden sees stock outperforming Hong Kong market in coming months. -- Company has no debt and holds HK$2.67 per share in cash, yet retains a near monopoly in fast-growing key markets and significant competitive advantages. -- Company plans to pursue growth through the acquisition of mainland Chinese cellular assets, he said. -- China Telecom's access to international capital markets is unique among Chinese telecommunications companies and has increased its cash holdings.

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