China Mobile 0941

Re: China Mobile 0941

Postby winston » Fri Dec 20, 2019 10:40 am

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<Research Report>BofAS Trims CHINA MOBILE (00941.HK) TP to $92; Rated Buy

CHINA MOBILE (00941.HK) targeted preliminarily to secure 70 million 5G users in 2020, yet declining to depend on handset subsidies to boost client base.

BofA Securities believed the company will have a cautious approach towards 5G marketing expenses.

Cutting the firm's 2020-21E net profits by 9.7% and 6.6%, the broker restated CHINA MOBILE's Buy rating with a target of $92, down from $102.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Wed Feb 05, 2020 11:16 am

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Jan 20, 2020

<Research Report>M Stanley Upgrades CHINA MOBILE (00941.HK) to Overweight, Shr Price May Hike in 60 Days

Morgan Stanley in its report upgraded CHINA MOBILE (00941.HK) to Overweight from Underweight at the target price $85, lifted from $65.

The broker stated that CHINA MOBILE is trading at trough valuation, while 5G CAPEX concerns should have been priced in.

Potential earnings inflection may be driven by 5G ARPU hike.

CHINA MOBILE is Morgan Stanley's top pick in Asia Pacific. The share price is expected to go up in 60 days, with 80%+ possibility to happen, along with attractive risk-reward and around 5% dividend yield at this moment.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Wed Feb 05, 2020 11:19 am

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Dec 19, 2019

Research Report>BofAS Trims CHINA MOBILE (00941.HK) TP to $92; Rated Buy

CHINA MOBILE (00941.HK) targeted preliminarily to secure 70 million 5G users in 2020, yet declining to depend on handset subsidies to boost client base.

BofA Securities believed the company will have a cautious approach towards 5G marketing expenses.

Cutting the firm's 2020-21E net profits by 9.7% and 6.6%, the broker restated CHINA MOBILE's Buy rating with a target of $92, down from $102.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Tue Mar 17, 2020 1:32 pm

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Brokers Expect China Mobile 2019 NP to Slip 10%; Focus on Cost, Capex

CHINA MOBILE (00941.HK) will release the 2019 results this Thursday (19 March).

According to brokers' forecasts as compiled by our reporters, the group's 2019 net profit may range RMB98.143-110.448 billion, down 6.2%-16.7% YoY.

The median is RMB105.772 billion, down 10.2% YoY.

CICC expected the firm to build 300,000-350,000 5G base stations this year, incurring a capex of RMB176 billion (+6% YoY).

-----------------------------------

Brokers│2019E Net Profit (RMB)│YoY Change

BofA Securities│110.448B│-6.2%
Citigroup│106.772B│-9.3%
UBS│106.696B│-9.4%
Credit Suisse│106.563B│-9.5%
Morgan Stanley│106.433B│-9.6%
CITIC Securities│106.259B│-9.9%
BNP Paribas│106.052B│-10%
Macquarie│105.8B│-10.2%
HSBC Global Research│105.772B│-10.2%
Nomura│105.383B│-10.5%
BOCI│104.514B│-11.3%
JPMorgan│104.4B│-11.4%
CICC│103.623B│-12%
GTJA Securities│103.324B│-12.3%
DBS│102.556B│-12.9%
Mizuho│98.143B│-16.7%

Source: AAstocks.com
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Re: China Mobile 0941

Postby winston » Tue Mar 17, 2020 1:38 pm

Ratings, TPs on CHINA MOBILE (00941.HK) (Table)


Brokers│Ratings│TPs (HK$)

BofA Securities│Buy│92
Jefferies│Buy│91.55
BNP Paribas│Buy│91
Morgan Stanley│Overweight│85
Credit Suisse│Outperform│83.5
Citigroup│Buy│82
Nomura│Buy│82
UBS│Buy│80
ABCI│Buy│80
HSBC Global Research│Buy│79
Daiwa│Buy│78.7
BOCI│Buy│75.2
Macquarie│Outperform│75.14
JPMorgan│Neutral│70
GTJA Securities│Neutral│68
DBS│Hold│67
Mizuho│Neutral│66.1
CICC│Neutral│65
Goldman Sachs│Neutral│64

Source: AAstocks.com
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Re: China Mobile 0941

Postby winston » Thu Mar 19, 2020 1:51 pm

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China Mobile 2019 NP -9.5% to RMB106.6B, In-line; Final DPS HK$1.723

CHINA MOBILE (00941.HK) announced the annual results ended December 2019.

Net profit sagged 9.5% yearly to RMB106.641 billion, slightly above the median (i.e. RMB105.772 billion) of brokers' forecasts as compiled by our reporters (ranging from RMB98.143-110.448 billion).

EPS equaled RMB5.21.

Final DPS was HK$1.723, against HK$1.391 in a year-ago period.

Total DPS for 2019 amounted to HK$3.25.

Source: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Fri Mar 20, 2020 7:48 am

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China Mobile profit dips 9pc to 106b yuan

by Stella Zhai

China Mobile (0941) said new customer numbers fell 60 percent for the first two months this year amid the coronavirus outbreak, after posting its net profit last year fell 9.5 percent to 106.6 billion yuan (HK$117.04 billion).

The state-backed telecom giant declared a final dividend of HK$1.723 per share, adding to a full-year dividend of HK$3.250 per share and representing a dividend yield of around 7 percent. Basic earnings per share were 5.21 yuan.

Executive director and chairman Yang Jie said the epidemic has affected the company's overall business, with the total number of mobile customers decreasing by 7.25 million last month while 4G users fell by 12 million.

Handset sales also fell 30 percent year-on-year during February, Yang said.

China Mobile has constructed and begun operating more than 50,000 5G base stations and launched 5G commercial services in 50 cities.

The company had 15.4 million 5G customers as of the end of February.

The company plans to build 250,000 new 5G base stations this year with 70 million new 5G package customers, said Yang.

The capital expenditure for this year will be 179.8 billion yuan, with over 100 billion for 5G investment, 3 times that of 2019, he said.

Shares of China Mobile dived over 6 percent to their lowest since 2006 before paring the loss to 1.13 percent, closing at HK$48.25.

Source: The Standard

https://www.thestandard.com.hk/section- ... -106b-yuan
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Re: China Mobile 0941

Postby winston » Fri Mar 20, 2020 11:48 am

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What’s New

FY19 net profit declined by 10% y-o-y, in line with market expectations

Expect initial loss for the launch of 5G services in FY20

Total budgeted capex increased by 8% to Rmb180bn with 5G capex of Rmb100bn

Maintain HOLD due to stronger market competition in 5G era, with lower TP of HK$51.0

Source: DBS

https://researchwise.dbsvresearch.com/R ... cedjkfhgbh
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Re: China Mobile 0941

Postby winston » Fri Mar 20, 2020 1:15 pm

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Latest Brokers' Ratings, TPs, Views on CHINA MOBILE (00941.HK) Post Results (Table)

Brokers│Ratings│TPs (HK$)
BofA Securities│Buy│92
Morgan Stanley│Overweight│85
Credit Suisse│Outperform│83.5
Citigroup│Buy│82->78
Daiwa│Buy│78.7->76.6
UBS│Buy│80->74
JPMorgan│Neutral->Overweight│70
CICC│Neutral->Outperform│65
Goldman Sachs│Neutral│64
HSBC Global Research│Buy│79->64
DBS│Hold│67->51


Brokers│Views
BofA Securities│Payout ratio rises to 55% on NP fall
Morgan Stanley│Capex guidance misses
Credit Suisse│Earnings, payout in-line; signs of rev stabilizing
Citigroup│Results in-line, payout guidance remains stable
Daiwa│Capex misses; payout vow as positive surprise
UBS│Capex, EPS indicators comforting
JPMorgan│Biz outlook visibility improves on well-controlled capex, financial soundness
CICC│High div yield guaranteed by acc revisions
Goldman Sachs│Results in-line, payout stable
HSBC Global Research│Payout, 5G outlook concerns lifted
DBS│5G mkt competition likely fierce

Sourrce: AAStocks Financial News
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Re: China Mobile 0941

Postby winston » Thu May 14, 2020 10:21 am

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Latest Brokers' Ratings, TPs, Views on CHINA MOBILE (00941.HK) Post QoQ Results (Table)

2020/04/21

Brokers│Ratings│TPs (HK$)
BofA Securities│Buy│92
Morgan Stanley│Overweight│85
Credit Suisse│Outperform│78.5
Citigroup│Buy│78
Daiwa│Buy│75.7
JPMorgan│Overweight│73
Nomura│Buy│72
HSBC Global Research│Buy│64->69
UBS│Buy│68
CICC│Outperform│65
Goldman Sachs│Neutral│64->61.8


Brokers│Views
BofA Securities│5G services help cushion some COVID-19 impact
Morgan Stanley│Annual result guidance backed by strong 5G biz driver
Credit Suisse│1Q20 result solid, NP stable
Citigroup│Revenue grows solidly, w/o notable COVID-19 impact
Daiwa│5G biz starts to sow strength
JPMorgan│1Q20 result affected by COVID-19; earnings solid
Nomura│China Mobile takes 5G leadership
HSBC Global Research│DPS & earnings resilience enticing
UBS│1Q20 result slightly misses on higher-than-expected cost
CICC│1Q20 result slightly affected by COVID-19; 5G revenue, cost rise
Goldman Sachs│1Q20 result in-line with solid NP YoY

Source: AAStocks Financial News
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