China Mobile 0941

Re: China Mobile 0941

Postby winston » Fri Nov 11, 2016 3:02 pm

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Oct 24, 2016

<Research Report>Deutsche Lifts CHINA MOBILE (00941.HK) Target to $105; Rated Hold

Deutsche Bank, in its report, said the 3Q16 net profit of CHINA MOBILE (00941.HK) declined only 2.3% yearly to RMB27.5 billion, showing solid momentum despite inter-provincial roaming and long-distance charges rolling off.

To achieve FY16 guidance of flat-at-best net profit, a 4Q net profit of only RMB7.1 billion is required. That could be achieved even with quarterly decline, and the 4Q result will usually increase according to past experience, so the broker believed that the full-year result could be slightly above estimates.

The broker lifted the target price from $100 to $105, with rating Hold.

The broker lifted the earnings forecast on China Mobile by 3% in 2016 and 2% in 2017, expecting RMB23 billion net profit in 4Q16, which would represent the worst quarter on 5.5 years of records.

However, if TowerCo data-rollover gains were not calculated, 4Q15 would be worse, so Deutsche Bank was cautious optimistic on its higher forecast.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Mon Nov 14, 2016 12:07 pm

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<Research Report>Deutsche Upgrades CHINA MOBILE to Buy with Target Lifted to $110

Deutsche Bank, in its report, said that CHINA MOBILE(00941.HK)'s cash flow is strong and the implementation of friendly policy should boost market sentiment.

It is expected that the company's business will resume growth next year after the decline in 2015-2016 and change of Chairman.

In addition, it is believed that after the completion of 4G construction, capex will see a gradual decrease.

There will be less regulatory pressure, together with the increase of use of value-added services for users which may increase revenue.

The dividend payout is also likely to increase.

Owing to the growth resumption of CHINA MOBILE and upbeat view of investors, it is anticipated that market sentiment will improve next year.

The rating of CHINA MOBILE was upgraded to Buy from Hold and the target price was revised up to $110 from $105.

The broker said that Chinese telecom industry is now at a golden era, following the completion of 4G construction and fiber rollouts.

Earnings may start to rise with decreasing capex. The telecom company is heading for a 10.4% free cashflow yield in 2018, in which market value may see a surge.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Tue Nov 15, 2016 11:29 am

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<Research Report>UBS Rates CHINA MOBILE (00941.HK) at Buy with Target Raised to $123


UBS, in its report, said the share price of CHINA MOBILE (00941.HK) turned weak since the company reported lacklustre 3Q16 results.

Revenue growth fell from 6.9% in 1H16 to 2.3% in 3Q16, making investors concerned about revenue and earnings pressure in 2017.

UBS believed that the lacklustre 3Q16 results instead imply a more sustainable revenue and earnings growth in the future, as the downside risk to long-distance and roaming fees has been largely realised.

UBS believed that the current market sentiment towards CHINA MOBILE is overly pessimistic, thus reiterated Buy rating, with target price lifted from $120 to $123.

The broker expected the service revenue growth of CHINA MOBILE in 4Q16 to rise by 9.3% yearly; EBITDA to rise by 21%; core earnings to rise by 46%, but expected the full year earnings to fall by 0.8%.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Thu Feb 23, 2017 7:25 am

China Mobile ramps up 5G preparations with ZTE, Qualcomm in second phase trials

The operator, which had 851.2 million mobile subscribers as of January 31, plans to build 20 5G sites in four to five mainland cities by 2018 as part of its large-scale trials.

By 2020, China Mobile aims to roll out 10,000 5G sites for its commercial service launch.


Source: SCMP

http://www.scmp.com/tech/china-tech/art ... ase-trials
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Re: China Mobile 0941

Postby winston » Mon Feb 27, 2017 3:50 pm

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<Research Report>Citi: CHINA MOBILE (00941.HK) Has Double Growth Engine; 2016 Results Expected to Top Estimates

Citigroup, in its report, expected China's 4G and fixed line business to maintain fast growth in FY17.

The broker lifted the net adds estimates of the three main telecoms in China, expecting 4G to account for 77.7% of total mobile subscribers (subs) in China by 2017, up from 57.4% in 2016.

The broker said CHINA MOBILE (00941.HK) (CM) has double growth engines, expecting CM's 4G subs to reach 710 million with 66.5% market share.

CM should have service revenue growth to outpace industry average growth in FY17.

CHINA UNICOM (00762.HK) (CU) could have earnings pressure in FY17, but with positive catalyst from mixed ownership reform.

The broker expected industry fixed-line growth to be gold mines that will surprise positively in the next two years driven by broadband, ICT and IDC.

CHINA TELECOM (00728.HK) and CU could have stable fixed-line revenue growth, but their earnings could suffer from CM's aggressive market share gain.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Thu Mar 23, 2017 3:15 pm

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CHINA MOBILE Expects 2017 Capex to Fall 6% to RMB176B

CHINA MOBILE announced the result for the year ended 31 December 2016.

During the period, total capital expenditure (capex) amounted to RMB187.3 billion.

The group expected the figure to fall by 6% this year to RMB176 billion, of which 4G capex is expected to fall by 10.6% to RMB74.2 billion.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Fri Mar 24, 2017 8:32 am

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China Mobile expects 19b yuan in lost revenue, profit in 2018 from further tariff reductions

China Mobile faces tough days ahead as further tariff reduction measures directed by Beijing are estimated to result in about 19 billion yuan (US$2.7 billion) in lost revenue and profit next year.

Li estimated that China Mobile would incur 7 billion yuan in lost revenue and profit this year, based on the cancellation of domestic long-distance and mobile roaming fees from October 1.


The company reported a slight increase in net profit last year to 108.7 billion yuan, from 108.5 billion yuan in 2015, as wireless data traffic became its biggest revenue driver, accounting for 46.2 per cent of total turnover.


Total revenue grew by 6 per cent to 708.4 billion from 668.3 billion yuan in 2015, but missed the consensus estimate of 714.6 billion yuan.


The operator added 22.6 million new subscribers last year, which swelled its total user base to 848.9 million at the end of December. That included 535 million 4G subscribers.

It aims to add 100 million new 4G users this year, putting 75 per cent of its total subscribers on that mobile broadband service. It is also targeting an additional 20 million new fixed-line broadband subscribers, which totaled 77.6 million at the end of December.


China Mobile expected its capital expenditure this year to reach 176 billion yuan, down from 187.3 billion yuan last year, but rise again in 2019 when large-scale 5G investments are expected to begin.


Source: SCMP

http://www.scmp.com/tech/china-tech/art ... her-tariff
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Re: China Mobile 0941

Postby winston » Mon Apr 24, 2017 11:57 am

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Apr 21, 2017

<Post Result>Brokers' Latest Ratings & TPs on CHINA MOBILE (Table)

After close yesterday (20 April), CHINA MOBILE (00941.HK) announced the operating data for the first quarter ended 31 March 2017.

During the period, net profit rose 3.7% yearly to RMB24.8 billion; margin of profit attributable to equity shareholders remained at 13.5%; operating revenue rose 3.7% yearly to RMB184 billion; EBITDA rose 3% yearly to RMB67.1 billion.

Brokers listed the latest ratings and target prices of CHINA MOBILE:

Brokers/ Ratings/ Target prices(HK$)

Citigroup/ Buy/ 113
Macquarie/ Outperform/ 112
Nomura/ Buy/ 112
Deutsche Bank/ Buy/ 110
Credit Suisse/ Outperform/ 110
CICC/ Buy/ 110
UBS/ Buy/ 112->108
Goldman Sachs/ Neutral/ 107->106
Bank of America Merrill Lynch/ Buy/ 105
JPMorgan/ Overweight/ 102
Morgan Stanley/ Overweight/ 100
BOC International/ Hold/ 94
Jefferies/ Underperform/ 71.93

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Fri May 19, 2017 1:07 pm

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CHINA MOBILE Apr Mobile Subscribers Reach 860M; 4G Clients Up 5.256M

CHINA MOBILE (00941.HK) announced that the total number of mobile subscribers was 860 million in April, up 3.462 million than the previous month.

The aggregate addition of customers was 11.049 million this year.

In April, 4G clients equaled 573 million, up 5.256 million than the previous month.

Broadband subscribers amounted to 88.074 million during the month, up 2.393 million monthly.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Fri May 19, 2017 1:12 pm

May 8, 2017

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<Research Report>G Sachs: CHINA MOBILE (00941.HK) Target Lifted to $107; Kept Neutral

Goldman Sachs adjusted the assumptions on the number of users of CHINA MOBILE (00941.HK) and hence raised the target price from $106 to $107 with rating maintained at Neutral.

The research house expected the improving wireline broadband ARPU to be favorable to the stock price.

But the risk factors included dropping roaming charges and intensified industry competitions.

Source: AAStocks Financial News
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