China Telecom Sector Monthly Chart Book: 5G sub net adds off to solid start in 2022
- Solid mobile and 5G sub net adds in Jan 2022; steady increase in 5G penetration
- Stable mobile sub market share; China Telecom (CT) gained 5G sub market share
- Maintain BUY calls with pecking order: China Unicom (CU, 762 HK)>China Telecom (CT, 728 HK)>China Mobile (CM, 941 HK), on stable outlook and undemanding valuation