China Mobile 0941

Re: China Mobile 0941

Postby winston » Wed Jun 26, 2019 7:58 am

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China Mobile to roll out 5G in 50 mainland cities

Chinese telco China Mobile plans to offer 5G commercial services in more than 50 cities this year, the company announced.

Over 50,000 5G base stations will be built across the country this year, chairman Yang Jie told a press conference.

The company aims to expand the 5G commercial services to all Chinese cities above the prefecture level by 2020.

China Mobile will coordinate the development of 4G and 5G technologies, further integrate 5G technology with state-of-the-art technologies such as artificial intelligence and the Internet of Things, nurture an industrial ecology and expand applications across different sectors, Yang said.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0625&sid=2
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Re: China Mobile 0941

Postby winston » Fri Aug 02, 2019 2:06 pm

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<Research Report>Nomura Trims CHINA MOBILE (00941.HK) TP to $96; Rated Buy

CHINA MOBILE (00941.HK)'s profitability was assumed to pick up from 2H19 on the ride of accelerated development of 5G network in Mainland China this year, thanks to de-fused rivalry and potential 5G monetization, Nomura said in its report.

Nomura still preferred CHINA MOBILE as it is at 5G investment stage which grants the telecom a well position on stable growth.

The rating was kept at Buy with target price cut to $96 from $100.

CHINA MOBILE is the top pick of Nomura among Chinese telecoms.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Thu Aug 08, 2019 4:25 pm

<Research Report>Jefferies: CHINA MOBILE (00941.HK)'s Results Miss Mkt Estimate with Div Disappointing

Jefferies issued a research report covering CHINA MOBILE (00941.HK), whose 1H19 net profit slid 14.6% to RMB56 billion, in-line with its expectation but missing market consensus by 17%.

The dividend payout was also disappointing, according to the bank.

CHINA MOBILE is kept Buy with target price maintained at $92.09.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Thu Aug 08, 2019 4:29 pm

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<Research Report>M Stanley: CHINA MOBILE (00941.HK) 2Q Earnings Plunge; Committed to Stable Capex, Div

CHINA MOBILE (00941.HK) posted 1H19 net profit of RMB56.1 billion (-14.6% YoY), missing Morgan Stanley's forecast by 8.7%.

This implied 2Q19 net profit of RMB32.4 billion (-18.8% YoY), being 14.2% lower than the broker's assumption.

However, the company was committed to maintaining stable capex and DPS, with a steady 1H19 payout ratio of 49%.

Overall, CHINA MOBILE was retained at Underweight, with a target of $70.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Fri Aug 09, 2019 7:58 am

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Mobile giant hit by cost and market pressures

by Stella Zhai

Net profit at China Mobile (0941) for the six months ended June dropped by 14.59 percent from a year ago to 56.06 billion yuan (HK$62.4 billion).

The biggest mobile operator in the mainland declared an interim dividend of HK$1.527 per share - 16.37 percent lower than the same period last year.

Revenue for the first half slid by 0.61 percent to 389.4 billion yuan, and revenue from telecommunications services decreased by 1.3 percent to 354.1 billion yuan.

The company's average revenue per user for its mobile business dropped by 10.2 percent year on year to 52.2 yuan, and the ARPU for 4G users also decreased by 9.6 percent to 58.2 yuan.

The decrease in net profit was mainly attributed to intensifying competition within the telecommunications industry and from cross-sector players in the first half and an increase in operating costs, said the mobile operator.

The telecom's total number of mobile customers was 935 million as of June 30, representing a net addition of 9.98 million.

The total number of wireline broadband customers, meanwhile, saw a net increase of 18.2 million to 175 million.

China Mobile gave laser pens as souvenirs to reporters and analysts who attended yesterday's conference.

That came just two days after Keith Fong Chung-yin, Baptist University Students' Union president, was arrested by police for buying 10 laser points in Sham Shui Po.

Chairman Yang Jie said that whether a laser pointer can be considered an offensive weapon depends on how people use it.

The company plans to invest 24 billion yuan in its 5G infrastructure this year, and to build 50,000 base towers among 50 cities in China, but the total investment would be limited to 106 billion yuan.

Li Yue, chief executive of China Mobile, said that the company will definitely participate in the auctions of the 5G spectrum in 3.3 GHz, 3.5 GHz and 4.9 GHz bands, which were announced by the Hong Kong government in July.

Executive vice president Jian Qin, meanwhile, mentioned that the company will launch new monthly service plans by the end of August at the earliest, as the company found in a survey that customers are mostly unsatisfied with speed limitations speed in existing plans.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0809&sid=2
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Re: China Mobile 0941

Postby winston » Fri Aug 09, 2019 12:07 pm

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<Research Report>JPM Downgrades CHINA MOBILE (00941.HK) to Neutral with Target Cut to $70

JPMorgan commented in its report that CHINA MOBILE (00941.HK) experienced a tough time in 1H19 with results miss, and the street was expected to revise down earnings forecasts.

CHINA MOBILE was downgraded to Neutral from Overweight at the target price $70, cut from $90, pricing in disappointing mobile business, weak RMB and removal of CHINA TOWER (00788.HK).

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Tue Aug 13, 2019 4:55 pm

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China Mobile: Some respite on the dividend front

China Mobile’s (941 HK) 1H19 results were under expectations.

Net profit fell 14.6% to RMB 56.1b, or -13.9% excluding accounting changes.

Management has declared an interim dividend of HK$1.527 per share, representing a payout ratio of 49%.

Consistent with earlier comments, China Mobile has announced its guidance of building over 50k 5G base stations and launching 5G commercial services in over 50 cities this year.

Management guided for a total 2019 capex budget of RMB 166b (FY18 capex: RMB 167b), which can be achieved through a reduction of non-5G capex.

Encouragingly, management noted that they expect total capex not to increase substantially in the next few years, despite 2020-2022 being the peak 5G investment period.

Management has updated its dividend guidance from having a ‘stable dividend payout ratio in 2019’ to maintaining ‘a stable dividend per share for the full year’, which would likely give investors some relief.

We derive our fair value estimate of HK$66.65 based on our SOTP model.

Source: OCBC
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Re: China Mobile 0941

Postby winston » Thu Aug 15, 2019 3:43 pm

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Aug 12, 2019

<Research Report>Nomura Axes CHINA MOBILE (00941.HK) TP to $90; Rated Buy

CHINA MOBILE (00941.HK)'s 2019 dividend policy was embraced by investors, Nomura mentioned in its report.

The cautious tone of the management regarding capex also helped diminish concern of investors over cash flow.

The 2019E-2021E earnings were cut by 7.8-9.7% as 5G development is still at the investment phase.

Rating was kept at Buy with target price axed to $90 from $96.

Separately, Nomura assumed CHINA TOWER (00788.HK) and ZTE (00763.HK) to maintain growth in future.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Wed Oct 02, 2019 4:10 pm

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Daiwa Upgrades CHINA MOBILE (00941.HK) to Buy with TP Axed to $78.7

While 5G investments may weigh on CHINA MOBILE (00941.HK)'s 2019-21 earnings outlook, Daiwa suggested China Mobile's operational conditions have been overly discounted with FCF yield of 6.6% and 2020E dividend yield of 4.5%.

Thus, the telco was upgraded from Outperform to Buy, with target cut from $79.6 to $78.7.

The 2019-21 EPS forecasts on China Mobile were axed by 3.1-3.6%.

Source: AAstocks.com
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Re: China Mobile 0941

Postby winston » Tue Oct 22, 2019 6:47 am

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China Mobile net profit slumps 14 pc

by Stella Zhai 22 Oct 2019

China Mobile's (0941) net profit for the first three quarters of this year fell 13.9 percent to 81.8 billion yuan (HK$90.7 billion) from last year's figure while China Unicom Hong Kong (0762) posted an 11.9 percent increase in net profit to 9.82 billion yuan.

Revenue for China Mobile slid 0.2 percent year-on-year to 566.7 billion yuan during the nine months before September 30.

This compares to a 0.7 percent drop in revenue for China Unicom which amounted to 198.5 million yuan.

The increase in net profit, despite a slight decline in revenue, was attributed to a new financial reporting method adopted by the company as well as effective cost controls, China Unicom said.

Source: The Standard
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