China Telecom's 2026 Earnings Likely to Face Bleak Outlook -- Market Talk

Dow Jones

Mar 26

0700 GMT - China Telecom earnings face a bleak outlook, says Morningstar's Dan Baker in a note. The company's increased expenses dragged its 2025 Ebitda and net profit lower despite a flattish revenue, he notes. Industrial digitization, which used to be the Chinese telecommunications operator's growth engine, showed a small top line decline, which appears worrying, he adds. A 3.0% value-added tax increase is poised to come into effect soon. This is likely to weigh on China Telecom's earnings, the analyst notes, adding that he expects the company's net profit to fall 9.0% in 2026 and cuts his near-term earnings projections by 15%-20%. Morningstar lowers its fair-value estimate by 15% to HK$5.80. Shares fall 0.4% to HK$4.89. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 26, 2026 03:00 ET (07:00 GMT)

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The company's increased expenses dragged its 2025 Ebitda and net profit lower despite a flattish revenue, he notes. Industrial digitization, which used to be the Chinese telecommunications operator's growth engine, showed a small top line decline, which appears worrying, he adds. A 3.0% value-added tax increase is poised to come into effect soon. This is likely to weigh on <a href=\"https://laohu8.com/S/00728\">China Telecom</a>'s earnings, the analyst notes, adding that he expects the company's net profit to fall 9.0% in 2026 and cuts his near-term earnings projections by 15%-20%. Morningstar lowers its fair-value estimate by 15% to HK$5.80. Shares fall 0.4% to HK$4.89. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 03:00 ET (07:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Telecom's 2026 Earnings Likely to Face Bleak Outlook -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Telecom's 2026 Earnings Likely to Face Bleak Outlook -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-26 15:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0700 GMT - <a href=\"https://laohu8.com/S/601728\">China Telecom</a> earnings face a bleak outlook, says Morningstar's Dan Baker in a note. The company's increased expenses dragged its 2025 Ebitda and net profit lower despite a flattish revenue, he notes. Industrial digitization, which used to be the Chinese telecommunications operator's growth engine, showed a small top line decline, which appears worrying, he adds. A 3.0% value-added tax increase is poised to come into effect soon. This is likely to weigh on <a href=\"https://laohu8.com/S/00728\">China Telecom</a>'s earnings, the analyst notes, adding that he expects the company's net profit to fall 9.0% in 2026 and cuts his near-term earnings projections by 15%-20%. Morningstar lowers its fair-value estimate by 15% to HK$5.80. Shares fall 0.4% to HK$4.89. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2026 03:00 ET (07:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HK0000288784.HKD","symbol_name":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (HKDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622839197","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622839197","pubTimestamp":1774508400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0700 GMT - China Telecom earnings face a bleak outlook, says Morningstar's Dan Baker in a note. The company's increased expenses dragged its 2025 Ebitda and net profit lower despite a flattish revenue, he notes. Industrial digitization, which used to be the Chinese telecommunications operator's growth engine, showed a small top line decline, which appears worrying, he adds. A 3.0% value-added tax increase is poised to come into effect soon. This is likely to weigh on China Telecom's earnings, the analyst notes, adding that he expects the company's net profit to fall 9.0% in 2026 and cuts his near-term earnings projections by 15%-20%. Morningstar lowers its fair-value estimate by 15% to HK$5.80. Shares fall 0.4% to HK$4.89. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HK0000288784.HKD":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (HKDHDG) INC","BK1133":"综合电信业务","HK0000352291.HKD":"VALUE PARTNERS ASIAN INCOME \"A\" (HKD) INC","HK0000288743.USD":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (USDHDG) INC","BK1536":"电信股","HK0000352382.USD":"VALUE PARTNERS ASIAN INCOME \"A\" (USD) INC","BK1589":"北水核心资产","00728":"中国电信","BK1506":"5G概念","BK1610":"ETF&股票定投概念","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC"},"translate_title":"中国电信2026年盈利前景可能黯淡——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00728":0.9},"content_text":"0700 GMT - China Telecom earnings face a bleak outlook, says Morningstar's Dan Baker in a note. The company's increased expenses dragged its 2025 Ebitda and net profit lower despite a flattish revenue, he notes. Industrial digitization, which used to be the Chinese telecommunications operator's growth engine, showed a small top line decline, which appears worrying, he adds. A 3.0% value-added tax increase is poised to come into effect soon. This is likely to weigh on China Telecom's earnings, the analyst notes, adding that he expects the company's net profit to fall 9.0% in 2026 and cuts his near-term earnings projections by 15%-20%. Morningstar lowers its fair-value estimate by 15% to HK$5.80. Shares fall 0.4% to HK$4.89. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2026 03:00 ET (07:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}