BofA Securities: Upgrade China Telecommunications (02611.HK) rating to "buy" with target price raised to 20.2 Hong Kong dollars, named as the top pick stock for next year.

According to the Wisdom Finance App, Bank of America Securities has released a research report stating that the rating of Cathay Pacific Airlines (02611.HK) H-shares and (601211.SH) A-shares has been upgraded from "neutral" to "buy". The target price for H-shares has been raised from 17.3 Hong Kong dollars to 20.2 Hong Kong dollars, and the target price for A-shares has been raised from 22.4 Chinese yuan to 23.6 Chinese yuan.