Is China Telecom Still Attractive After a 259.7% Five Year Share Price Surge?

The article analyzes China Telecom's stock after a significant price increase. It highlights that investors are re-evaluating the Chinese telecom sector due to network upgrades, better capital discipline, and policy support. The piece suggests that large, dividend-paying, state-backed companies like China Telecom are becoming more appealing to long-term investors amidst changing perceptions of China-related risks. A Discounted Cash Flow (DCF) analysis indicates the stock is undervalued by 72.8%, with a calculated intrinsic value of HK$20.68 per share based on future free cash flow projections.