[Goldman Sachs: raise the target price of the three major telecommunications stocks Telecom and Unicom Buy] Caixue News Agency, May 11, Goldman Sachs issued a research report pointing out that it gave buy ratings to China Unicom and China Telecom. For Unicom, the bank raised its revenue forecast for 2023 to 2025 by 3 to 4 per cent, and its forecast for net profit by 0.6 per cent to 1 per cent, while its net profit forecast fell by 2 to 6 per cent, and its target price for H shares rose from HK $7.50 to HK $7.70. For China Telecom, the bank slightly cut its forecast for the company this year to reflect slower growth in the corporate sector, raising its target price to HK $5.50 from HK $5.1. The bank also gave China Mobile a neutral rating, raising its 2024-2025 revenue forecast by 1-2 per cent, and its earnings forecast by 2-4 per cent, net profit forecast by 4-8 per cent, and its target price from HK $69 to HK $75.