|Bid||4.1600 x 0|
|Ask||4.1700 x 0|
|Day's Range||4.0800 - 4.1100|
|52 Week Range||4.0100 - 5.1000|
|Beta (5Y Monthly)||0.26|
|PE Ratio (TTM)||22.13|
|Earnings Date||Oct 22, 2021|
|Forward Dividend & Yield||0.07 (1.60%)|
|Ex-Dividend Date||Jun 30, 2021|
|1y Target Est||4.29|
SHANGHAI (Reuters) -China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in the world's biggest stock listing so far this year. The stock ended the session at 6.11 yuan, up from an offer price of 4.53 yuan, in a surge that was conspicuous in a weak market that saw China's blue-chip index shed nearly 2%. "When money is hard to be made elsewhere, newly-listed China Telecom easily becomes the target for speculators," said Li Runze, an analyst at Soochow Securities.
China Mobile, the world's largest wireless network operator, aims to raise about 56 billion yuan (US$8.6 billion) in its stock flotation in Shanghai in what would be the biggest IPO in the mainland Chinese market in more than a decade, according to a listing prospectus it issued on Wednesday night. Separately, China Unicom said on Thursday that it was considering a spin-off and separate listing on a mainland China bourse of its internet of vehicles subsidiary, China Unicom Smart Connection Techn
Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year. In separate announcements earlier on Friday, China Mobile Ltd; China Unicom and China Telecom Corp said they expect the NYSE to notify regulators of their delistings after the companies unsuccessfully appealed the move. A NYSE spokesman declined to comment.