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UBS upgrades China’s three telecom operators to Buy, raises China Mobile target to HK$95

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  • UBS upgraded China Telecom, China Mobile, and China Unicom from Neutral to Buy.
  • China Mobile’s target rose from HK$83 to HK$95, while China Unicom’s fell to HK$7.1.
  • The operators launched monthly Token plans priced from CNY 5 to CNY 15.
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