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China Telecom's net tipped to top 16.5b yuan forecast.
(From The Standard)
Byline: Staff reporter
China Telecom's full-year net profit for last year is expected to be slightly above its initial public offering guidance of 16.5 billion yuan (HK$15.56 billion), given the strong growth in its personal access phone system (PAS) subscribers.
Investment bank UBS Warburg forecasts a turnover of 74.4 billion yuan for the year ended December, and a post-exceptional items net profit of 16.23 billion yuan.
ICEA Securities Asia says earnings should exceed prospectus guidance by 3 per cent to 5 per cent while DBS Vickers Securities is expecting a net profit of 16.9 billion yuan, or 2.2 per cent above …
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