SG-CTEL@EC2709A

China Telecom Launches Centralized Procurement for 40,000 High-Performance Servers

China Telecom Launches 2026-2027 Outdoor and Indoor Optical Cable Procurement Amid Price Surge

Three Major Chinese Telecom Stocks Rise, Morgan Stanley Praises China Telecom's Token Plan for New AI Business Model

China Telecom Launches Concentrated Procurement of Tianyi Smart Screen and Unveils AI Upgrade

China Telecom, Huawei, and FiberHome Complete Global First Interoperability Verification of 50G-PON Equipment Across Vendors

China Telecom Shanghai Releases "AI Home Assistant" to Reconstruct Home Services

China Telecom Launches Series of Trial Commercial Token Plans and Tianyi Token Coins

Shanghai Telecom Launches Zhiyun Shanghai AI STORE and Initiates Multi-party AI Ecosystem Cooperation

China Telecom Launches 10 Billion RMB 'Token Factory' Tender, Major Operators Compete in Computing Power Sector

China Telecom Shanghai Unveils 'Smart Cloud Shanghai' Progress: AI Base Empowers Urban Digitalization and Livelihood Services

Sichuan Tianfu New Area Committee and China Telecom Sign Agreement to Launch 2 Billion RMB Cloud Computing Center Construction

China Telecom Completes Asia Link Cable Landing in Hong Kong

China Telecom Launches 2026 Metropolitan Cloud Network MCN Equipment Procurement

China Telecom Proposes Token Economy to Reconstruct Business

China Telecom Initiates the Establishment of the Token Ecosystem Alliance

CT 董事长 Announces Strategic Upgrade and Pushes for Intelligent Cloud System Construction

China Telecom Emphasizes Cloud and Digital Transformation and Accelerates AI Deployment

Huatai Securities Cuts China Telecom's Target Price but Maintains Buy Rating

Citibank Reports China Telecom Q1 2026 Earnings Disappointing

China Internet Network Information Center and Others Release Intelligent Body Internet Domain System and AI Intelligent Body Gateway System

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

601728

00728

000539

515050

515880

159695

China Telecom completes 6G terminal prototype downlink peak speed test, reaching a peak of 10Gbps; the State Administration for Market Regulation and others issue guidelines for the construction of AI measurement systems. Zhejiang launches the national AI application pilot base project, and Jiaxing Nanhu Airport opens international cargo services. LIHE, Weibo, and others release positive news, including increased holdings and performance growth; CDBIO, GED, and others face negative news, involving reductions in holdings and losses

同壁财经

CHINA TELECOM

WB-SW

Weibo

LIHE

CDBIO

Tianhong CSI Computer Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

ChinaAMC CSI 5G Communication ETF

Guotai CSI All Share Communications Equipment ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Harvest CNI Communication ETF

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

Guotai CSI Computer Theme ETF

Chagee

CICT MOBILE

KINTOR PHARMA-B

MAXVISION

QiaoYin

DL HOLDINGS GP

SMIC

Zhuangyuan Pasture

DORIGHT

Meinian Onehealth

ZHENGBANG TECHNOLOGY

NSIG

SCMF

TELESOUND

CNEC

Rychen Technologies

LION

Darbond

XUEDA

hlgf

DHEP

XPENG-W

XPeng

PROLTO

GXED

Hexin Instrument

Loctek

SMIC HK SDR 5to1

Lanfu Information 2026.05.29

603189

ST Wondertek (603189) announced that it won the bid for a procurement project from CHINA TELECOM Huainan Branch, with an amount of 19.6895 million yuan. The company's revenue in 2025 is expected to be 256 million yuan, with a net profit of 5 million yuan; in the first quarter of 2026, the revenue is projected to be 121 million yuan, but the net profit is expected to be a loss of 5 million yuan. The company's main business includes AI video big data and high-tech video solutions, among other internet services

Wondertek

ST Wondertek (603189): Won the bid for the procurement project of China Telecom Huainan Branch, with a bid amount of 19.6895 million yuan

600050

00941

600941

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China's three major telecom operators are transitioning from data traffic sales to offering Token packages and AI services, aiming to become AI computing power gateways. Despite a rise in stock prices following the launch, the market acceptance of these Token plans remains uncertain, as users struggle to understand their value compared to traditional data services.

CoinLive

China Unicom

CHINA MOBILE

China Mobile

CHINA UNICOM

CN Mobile HK SDR 5to1

CHINA MOBILE-R

The three major telecom operators have found a new narrative, but the tokens aren't selling so well.

300520

GuoChuang (300520) won the bid for a procurement project from CHINA TELECOM Guizhou Branch, with an amount of 2.1215 million yuan. The operating revenue for 2024 is expected to be 1.9 billion yuan, with a net profit of -0.08 billion yuan. The operating revenue for the first half of 2025 is expected to be 498 million yuan, with a net profit of -0.64 billion yuan. The company mainly provides system integration services and industry-specific software

GuoChuang

GuoChuang (300520): Won the procurement project of China Telecom Co., Ltd. Guizhou Branch, with a winning amount of 2.1215 million yuan

159511

Citi's report highlights a significant shift among China's major telecom operators—China Telecom, China Mobile, and China Unicom—toward AI Token plans, moving from traditional billing to a utility-like AI subscription model. This transition could lead to a valuation re-rating as telecoms leverage their networks and data centers for AI applications. However, the success of this model hinges on user adoption and the competitiveness of their proprietary AI models.

AASTOCKS News

China Southern CSI Communication Service ETF

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi: "Telecom Big Three" Shift Toward Foundational AI Infrastructure Suppliers, Ushering in Potential Valuation Re-rating

China's telecom giants, China Telecom, China Mobile, and China Unicom, are transitioning to the AI token economy by launching token-based service plans. This shift marks a departure from traditional pricing models, focusing on monetizing AI services and tokenized consumption. China Telecom has introduced various token packages, while China Mobile and China Unicom are developing regional partnerships and AI-driven offerings. The surge in token usage, from 100 billion to 140 trillion daily, highlights the industry's pivot towards token operations as a new growth strategy.

TechNode

TENCENT

Tencent

BABA-W

Alibaba

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BABA-WR

Alibaba HK SDR 5to1

China’s three telecom giants race into the AI token economy

China Telecom's shares rose 3.7% to CNY7.07 after launching trial commercial token plans, joining China Mobile and China Unicom in the token services market. The plans cater to developers and small enterprises, with prices ranging from CNY39.90 to CNY299.90. Analysts suggest telecom operators can monetize AI computing capacity, but token revenue may not sustain long-term growth without innovative applications. Average daily token usage in China exceeded 140 trillion as of March.

Yicai

China Telecom's Shares Rise After Becoming Last of Country's Big Three Telcos to Roll Out Token Plans

JPMorgan has rated the three major Chinese telecom stocks—CHINA MOBILE, CHINA TELECOM, and CHINA UNICOM—as Overweight, following a rise in H-share prices due to AI Token packages targeting SMEs and retail users. CHINA MOBILE is the top pick, while CHINA TELECOM is seen as a proxy for the AI Token theme, with expectations of significant revenue growth from its cloud business. The bank anticipates ARPU growth resuming in 2026 and earnings recovery in 2027, despite VAT adjustments impacting 2026.

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM: CHINA TELECOM  Proxy for AI Token Theme; Three Major Telecoms Rated Overweight, CHINA MOBILE Top Pick

UBS reports that China Telecom, China Unicom, and China Mobile have launched Token packages for customers, enhancing AI adoption. China Telecom leads with nationwide rollout, while the others pilot regionally. This move is seen as a step towards standardizing AI consumption in China, potentially transforming Token usage into a subscription model. Despite muted stock performance, UBS views these packages as a new growth driver, assigning a 'Neutral' rating to the telecom stocks.

UBS Group AG

UBS: 3 Key CN Telecoms Launch Token Packages, Providing New Growth Drivers

CHINA TELECOM shares rose over 4% after Morgan Stanley reported the launch of a nationwide Token plan for enterprise and consumer customers, marking a significant move to explore new business models in the AI era. The plan offers a monthly subscription model, differing from previous provincial-level offerings by competitors. Morgan Stanley believes this initiative is crucial for telecom operators seeking new revenue sources as mobile data penetration peaks.

Morgan Stanley

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CHINA TELECOM  Once Jumps Over 4% as M Stanley Says Nationwide Token Plan Is Positive Move to Test New Business Models in AI Era

I think the market is too optimistic about the Iran war. The fact is 20% of the oil is missing form the system for 2 months. How is this not making an impact to the investment world? INFLATION!!!

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INTEL-T

BOEING CO 6% DEP SHS RE 1/20TH PFD MAN CNV SR A

AI is back, chips back in play. The Iran war has long been forgotten. Time to long Korean, Taiwan and China ETF!

The Iran talk must resume sooner or later. Iran have no revenue due to the blockade, while Trump cannot have high oil prices. It's a chicken and egg situation!

krisLim

NewUser_wgiykD

Ranks in the top 5% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Rate Of Return

I am impressed by Elon Musk’s cost cutting, efficiency-driven approach across his companies that translate to excellent report card.I see Tesla’s strong Q1 earnings as partly supported by geopolitical factors, improved free cash flow from cost discipline and some revenue growth. However, EV delivery volumes fell short of expectations and this weakness may become more evident over the next few quarters. Subsequently, it will affect its revenue numbers and its margin.

1. Diplomatic breakthrough unlikely. Oil downsize risk is small, upsize risk moderate.2. Short term bullish but margin pressure will return. 3. Sustain for now, but pullback.

Too volatile. Stay on the sideline for now

NewUser_TFxsXA1

About the Iran-US issue: Trump's just throwing a lot of lies and hyperbole here and there to muddle the truth about the hole he dug for himself (and to which, he is dragging the world into). But for now, I think the markets just have to do what it has to do -- thrive and trade. A &#34;cautious optimism&#34; would be the appropriate way to describe how the market is responding to the oil and geopolitical crisis we have now.

Fattycat

BABA Return Rate

BABA Diamond Holder

Tesla’s Q1 definitely gives the AI/auto story more fuel, but I don’t think margin pressure is gone yet. Positive FCF and an EPS beat are strong, but the revenue miss and Musk warning that capex will surge tell me Tesla is still very much in investment mode.So yes, the long-term story looks stronger — but near term, investors may still have to deal with margin compression before all that spending starts to pay off.

Investors are prioritizing strong corporate fundamentals and AI-driven growth over short-term geopolitical noise. Think the conflict will remain contained.

the development versus market reaction seems not in sync

OneC

Ranks in the top 20% of account holders by rate of return
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dingdongbell

Ranks in the top 50% of account holders by rate of return
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Lol. The middle east standoff is like a high school drama. One side saying one thing and the other saying another. My take is the US is trying to scare Iran into submission but at the same time does not want to seem too harsh whereas Iran just wants to defend their homeland! Whatever it is, the whole world has to stomach the repercussions. And market keeps churning up on low volume. Stay safe!

Trump said US-Iran negotiations might resume &#34;on Friday or within 1.5-3 days&#34; — but Iran called it &#34;another lie&#34;. The ceasefire agreement expires on April 26.Everyone knows Trump's style; the impossible is always possible with him at any moment 🤔Back to investment topics, you need to have your own judgment and analysis.Try not to chase the hype.

SG-CTEL@EC2709A(29627.HK)

Lanfu Information 2026.05.29

ST Wondertek (603189): Won the bid for the procurement project of China Telecom Huainan Branch, with a bid amount of 19.6895 million yuan

The three major telecom operators have found a new narrative, but the tokens aren't selling so well.

GuoChuang (300520): Won the procurement project of China Telecom Co., Ltd. Guizhou Branch, with a winning amount of 2.1215 million yuan

Citi: "Telecom Big Three" Shift Toward Foundational AI Infrastructure Suppliers, Ushering in Potential Valuation Re-rating