花旗:中国电信行业深度分析(英文)
Citigroup Global Markets | Equity Research
(56页) 11.27 27 November 2006
Contents
Time to change things? 3
Who will do it? 4
Break before we make 7
Who should buy what? 7
Dimensions of change 8
Upgrading CT to Buy/Low Risk (1L) 9
Stock stack 10
The Quants View 18
Company Analyses 24
China Unicom (0762.HK) 25
China Tel (0728.HK) 30
China Netcom (0906.HK) 36
China Mobile (0941.HK) 43
Analyst Certification Appendix A-1 51