China Mobile 0941

Re: China Mobile 0941

Postby winston » Fri Aug 17, 2018 12:57 pm

CHINA MOBILE(941)

Analysis:
Household broadband market has become an important growth driver for China Mobile (941) in recent years.

In the first half of 2018, net growth in household broadband customers reached 18.8 million, accounting for 57% of the total number of net additional customers in the industry, driving the total number of its household broadband customers to 128 million.

The number of customers who have opted for its higher-end products is also increasing, with 42.5% of its customers using broadband with bandwidth of 100 Mbps or above, up by 20.5 percentage points from the end of 2017.

House hold broadband revenue reached RMB21 billion, representing a year-on-year increase of 49.1% and becoming an important revenue growth driver.

High network quality and compelling content applications have driven the continued growth in customer value.

In the first half of 2018, household broadband blended ARPU reached RMB34.8, or an increase of 7.3%. (I do not hold the above stock)

Strategy:
Buy-in Price: $71.50, Target Price: $74.50, Cut Loss Price: $70.00

Source: Phillips
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Re: China Mobile 0941

Postby winston » Sat Aug 18, 2018 9:24 pm

not vested

The company has about $60 billion in net cash and bank deposits, and the stock, at 7.5 times cash-adjusted earnings, is dirt cheap.

The issue is that the government keeps asking it to lower prices. The market is mistakenly reading this as an indication that the company won’t be allowed to make much money.

But China Mobile has 800 million subscribers, four times the number of U.S. mobile-phone subs.

It has a 60% market share, and when it lowers prices, the competition has to lower prices, too.

So the very intervention that people think is bad news, we think is good news. The competition can never catch up. The government is actually helping China Mobile cement its monopoly.

Source: Barron's

https://www.barrons.com/articles/the-tw ... 20Magazine
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Re: China Mobile 0941

Postby winston » Mon Nov 05, 2018 2:18 pm

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Oct 24, 2018

<Research Report>HSBC Cuts CHINA MOBILE (00941.HK) TP to $88

HSBC Global Research opined that the 3% decline in CHINA MOBILE (00941.HK)'s 3Q18 service revenue was mainly due to China's cancellation of data roaming fee from 1 July.

CHINA MOBILE's 3Q flattish margins indicated good cost control.

The 7% YoY rise in net profit was benefited from CHINA TOWER (00788.HK)'s IPO and better operation.

CHINA MOBILE was kept at Buy, with target price down from $90 to $88.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Mon Nov 05, 2018 2:27 pm

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Oct 23, 2018

<Research Report>UBS Trims CHINA MOBILE (00941.HK) Profit Forecast, TP to $92

UBS said in its research report that CHINA MOBILE (00941.HK)'s 3% decrease in 3Q18 topline was not totally unexpected, for which 2018-2020 EPS estimates were trimmed by 1% to $5.81, $6.03 and $6.33.

The broker maintained Buy on CHINA MOBILE at the target price $92, trimmed from $94.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Mon Jan 07, 2019 2:12 pm

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<Research Report>Nomura Upgrades CHINA MOBILE (00941.HK) to Buy, TP Raised to $102

Nomura upgraded CHINA MOBILE (00941.HK) from Neutral to Buy at a $102 target (up from $79). With 3.2% dividend yield, CHINA MOBILE is a defensive name with an attractive valuation.

With potential benefit from China's 5G development, CHINA MOBILE is expected to seize opportunities by leveraging its edge in the mobile market and world-leading 5G technology.

Aggressive 5G investment will mean better investment return for the company, the broker added.

CHINA MOBILE has lifted its payout ratio from 43% in 2015 to 48% in 2017. Hence, Nomura projected the company's 2019 and 2020 dividend yield to come in at 4.8% and 5.1%.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Fri Mar 22, 2019 4:37 am

China Mobile dividend gloom

by Avery Chen

China Mobile (0941) posted 3.1 percent growth in net profit to 117.8 billion yuan (HK$138.29 billion) for last year, but declared a lower-than-expected final dividend of HK$1.391.

Total dividends amounted to HK$3.217 per share, with a dividend payout ratio of 49 percent.

Chairman Yang Jie, former chairman of China Telecom said the payout ratio is at a relatively high level, compared with companies of similar size.

Operating revenue rose 1.8 percent to 736.8 billion yuan of which revenue from telecommunications services climbed 3.7 percent to 670.9 billion yuan.

The total number of mobile customers was 925 million in 2018, representing a net addition of 37.87 million, while the total number of 4G customers reached 713 million in 2018.

Mobile average revenue per user fell 8 percent to 53.1 yuan, amid Beijing's "speed upgrade and tariff reduction" requirements and ever-escalating peer competition in the personal mobile market, the company said. Yang expects ARPU to continue to fall this year.

He said the firm will build 30,000 to 50,000 5G based stations this year, and he expects 2020 and 2021 will see 5G investment peak.

With a net increase of 37.42 million, the number of household broadband customers totaled 147 million and accounted for a market share of 41.5 percent. Household broadband blended ARPU added 3.2 percent to 34.4 yuan.

Shares of China Mobile slumped 4.7 percent to HK$83.15 yesterday.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0322&sid=2
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Re: China Mobile 0941

Postby winston » Thu Apr 25, 2019 9:52 am

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<Research Report>G Sachs: CHINA MOBILE (00941.HK) TP Cut to $83 on 1st QoQ NP Recession in 9 Quarters

Goldman Sachs issued a research report covering CHINA MOBILE (00941.HK), whose net profit slipped for the first time in recent nine quarters in the first quarter of 2019.

The broker trimmed its 2019-2021 EPS forecasts for CHINA MOBILE by 5.3%-5.5%.

CHINA MOBILE is maintained Neutral with target price cut to $83 from $85.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Mon Jun 17, 2019 1:21 pm

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<Research Report>BofAML: CHINA MOBILE (00941.HK) Able to Withstand Mkt Volatility; Undervalued vs Peers

Bank of America Merrill Lynch said in its research report that CHINA MOBILE (00941.HK)'s share price fell 2.1% on 3-9 May, as compared with 5.9% for Hang Seng Index, which showed its resilience against market volatility.

The broker kept Buy on CHINA MOBILE, given its undervaluation to peers, at the target price $102.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Mon Jun 17, 2019 1:25 pm

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<Research Report>C Suisse: CHINA MOBILE (00941.HK) Upgraded to Outperform with Attractive Valuation

CHINA MOBILE (00941.HK)'s 1Q19 cellular service revenue sagged 6.2% YoY while fixed broadband ARPU dipped 8.9% YoY to RMB30.8/ month, contrary to its "stable-to-rising" ARPU guidance.

Credit Suisse upgraded CHINA MOBILE from Neutral to Outperform, with an unchanged target of $84.5. The company's valuation was appealing versus holding cash.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Mon Jun 17, 2019 1:28 pm

not vested

Apr 26, 2019

<Research Report>BNP Paribas Lowers CHINA MOBILE (00941.HK) TP to $82 with Focus on Cost Control

CHINA MOBILE (00941.HK) announced that its 1Q19 net profit declined 8% YoY (or 7% YoY excluding the new accounting standard).

Hence, BNP Paribas maintained CHINA MOBILE at Hold, with target cut from $85 to $82 (down by 3.5%).

The company reiterated its focus on cost control and stable profit growth strategies.

Source: AAStocks Financial News
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