[ET Net News Agency, 13 December 2021] Nomura kept its target price for China Telecom
(00728) at HK$4.1 and maintained its "buy" rating.
The research house said it thinks CT Cloud's introduction of strategic investors and the
increase of registered capital should help the company to gain more traction in the
IaaS/PaaS market, especially in the SOE market, thanks to the partnership with the four
large SOEs. (RC)