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China Telecom Corporation Limited (CHA)

NYSE - NYSE Delayed Price. Currency in USD
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33.41+2.63 (+8.54%)
At close: 4:00PM EDT
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Previous Close30.78
Bid0.00 x 1000
Ask0.00 x 1400
Day's Range32.93 - 33.48
52 Week Range26.66 - 44.96
Avg. Volume65,960
Market Cap27.091B
Beta (5Y Monthly)0.89
PE Ratio (TTM)9.55
EPS (TTM)3.50
Earnings DateDec 20, 2016 - Dec 28, 2016
Forward Dividend & Yield1.61 (5.24%)
Ex-Dividend DateMay 29, 2020
1y Target Est43.44
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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Citing national security concerns, the White House started by trying to curtail the sale of American software and circuitry to Huawei before finally enacting sweeping restrictions against its suppliers including TSMC. It’s that last salvo, a ban on the sale of ready-made, commercially available semiconductors, that finally knee-capped Huawei’s smartphone business and forced it to curtail device production, the people said. Representatives for Huawei and TSMC declined to comment.But the Tiangang chip, designed inhouse by secretive division HiSilicon, has proven pivotal to keeping the 5G business afloat. Huawei had leaned on TSMC in the months before Washington shut that loophole and it can now continue to supply China Mobile Ltd., China Telecom Corp. and China Unicom -- the carrier trio now aggressively building out a nationwide 5G network Beijing considers instrumental to driving the world’s No. 2 economy. A China Mobile representative declined to comment for this story. A China Telecom spokesperson said the company will communicate any impact from curbs on Huawei but declined to comment on discussions about chip supply. Unicom representatives didn’t respond to requests for comment.“The U.S. has demonstrated an intense will to restrict Huawei’s ability to offer 5G technologies. The U.S. government’s assertions of extraterritoriality have made it more difficult for Huawei to maintain access to critical components,” said Dan Wang, an analyst at Gavekal Dragonomics. In 2012, just a third of Huawei’s revenue was generated in China -- that closed in on two-thirds last year. “Huawei is more dependent on domestic sales due to both U.S. pressure as well as its strong hold over the fast-growing China market.”How Huawei Landed at the Center of Global Tech Tussle: QuickTakeHuawei told Chinese wireless operators its component inventory was fully capable of supporting base station construction in 2021 and beyond despite U.S. sanctions, according to people familiar with the matter. The company has started shipping 5G base stations without American components since at least the end of last year.It’s unclear how long those stocks can last. Rotating Chairman Guo Ping said last month the company has “sufficient” inventory for its communications equipment business, but is seeking supplies for the smartphone unit.Even assuming Huawei has cached enough silicon for Chinese clients’ purposes, it may have had to make sacrifices in performance because of shortages in second-tier components. Resorting to less-sophisticated local alternatives may hinder areas such as power consumption rate, the people said. To rectify that, Huawei’s promised to compensate carriers for part of that additional electricity expense, they said. A typical 5G base station consumes roughly four times the power of a standard 4G model.Read more: Shunned by U.S., Huawei Winning China’s $170 Billion 5G RaceWhat Bloomberg Intelligence SaysGains made by China’s tech leaders may be larger than prior generations for smartphones, cellular base stations, servers and chipsets, but less relevant amid the trade dispute. Huawei and peers face similar circumstances if the U.S. restricts their IP use, but may still grow in China via vertical integration. The nation’s tech trajectory might then veer away from global trends.\- Anand Srinivasan and Charles Shum, analystsClick here for the research.While Washington is gaining ground in efforts to pressure allies from Australia to the U.K. to shun Huawei equipment, the Chinese company’s main source of income remains its own home country. Huawei has so far won more than half of the 5G orders from state-owned carriers this year, securing contracts worth billions of dollars, Bloomberg News reported earlier.Chinese carriers have built 690,000 5G base stations since the technology was commercialized about a year ago, according to the Ministry of Industry and Information Technology. The nation’s carriers have yet to announce base station procurement plans for 2021, but ministry officials said the country’s network buildup will continue over the next three years.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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    Moody's Investors Service has affirmed China Mobile Limited's (CML) A1 issuer rating. CML's A1 rating reflects the company's dominant position in China's mobile telecommunications market, along with its very strong financial profile and liquidity, supported by its solid operating cash flow, moderate capital spending, and strong net cash position.

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    Ericsson & China Telecom Complete ESS-Backed 5G Data Call

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