BEIJING, Dec. 7 (InfoChina) – Goldman Sachs newly kept China Netcom Ltd. (0906.HK, CN.NYSE) at conviction buy and set target price at 27.50 HK dollars.
The investment bank deemed that valuation of the telecom operator is comparatively low and the company is believed to gain benefits from regulatory support and A-share listing.
But its acquisition of Beijing Telecom Design Institute from its parent will not have substantial impact on the company, noted Goldman Sachs, adding that the acquisition will only bring some 0.1 percent additional revenue to China Netcom. (Edited by Chen Dongyi,
)
China Stock News 
