China Mobile 0941

Re: China Mobile 0941

Postby winston » Wed Nov 19, 2008 7:55 am

Parent may buy more China Mobile shares
Benjamin Scent

The parent company of China Mobile (0941) may buy more shares in the mobile operator if the share price falls too far, its chairman said yesterday.

State-owned China Mobile Communications Corp, which currently holds a 74.3 percent stake in China Mobile, may buy more shares of its listed arm if the stock price falls to a level that undervalues the company, chairman Wang Jianzhou said yesterday at an industry event in Macau.

China Mobile shares are currently trading at 11.2 times earnings and 3.1 times book value, based on yesterday's closing price of HK$66.30. They have fallen 51.9 percent since the start of the year, in line with the 53.6 percent decline in the benchmark Hang Seng Index.

Wang added China Mobile is on the hunt for acquisitions in emerging markets, including Asia, and said telecom assets look "very inexpensive" now. The company is willing to consider deals with management control on offer as well as transactions that would see CMCC take only a minority stake, Wang said. CMCC had previously only considered deals that would give it a majority stake in the acquisition target. However, Wang noted that asset owners may not be willing to sell in the current environment.

Meanwhile, China Unicom (0762) chairman Chang Xiaobing said he expects the mainland government to speed up the issuance of licenses for third-generation (3G) mobile services, which he hoped could happen by year-end.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Sun Jan 11, 2009 11:53 pm

With 443 million subscribers, China Mobile is the dominant provider in the world’s largest mobile telecom market. And in terms of growth, an additional 3 million to 4 million consumers become mobile phone subscribers in China each month, according to the Chinese Ministry of Information.

The company’s earnings per share (EPS) increased 31% in the first three quarters of 2008 and China Mobile stock yields a healthy 3.2%.

Now, the mobile services giant is in talks with Apple Inc. (AAPL) to introduce the iPhone to the burgeoning Chinese market. And with the global slump hurting smaller players, it’s on the hunt for acquisitions with attractive valuations in emerging markets
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby millionairemind » Mon Jan 12, 2009 1:45 pm

Jan 12, 2009
China Mobile: $13b for 3G
BEIJING - CHINA Mobile, the country's top telecom operator, has announced a plan to invest 58.8 billion yuan (S$12.8 billion) this year to develop third-generation network.


The company, which was recently given a licence for the Chinese-developed TD-SCDMA standard for 3G, will use the money to build around 60,000 base stations covering 238 cities, it said at the weekend.

The company currently operates more than 20,000 base stations - which connect calls between mobile phones - across the country, the statement said.

Third-generation telecoms, which look set to take off in China after the government issued long-anticipated licences last week, enables faster data transmission and services such as wide-area wireless calls, web surfing and video.

Apart from China Mobile, China Unicom received a licence for Europe's WCDMA standard, while China Telecom will handle North America's CDMA 2000.

Beijing said last month the carriers were expected to invest about US$41 billion (S$61 billion) in 3G networks over the next two years, with at least US$29 billion to be spent in 2009.

It said spending on the launch of 3G services was an important part of efforts to battle the effects of the global economic slowdown.

China is the world's biggest mobile phone market, with more than 634 million subscribers by the end of November. -- AFP
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: China Mobile 0941

Postby winston » Wed Jan 14, 2009 11:58 am

BROKER CALL HK-listed China Mobile 'outperform', top telco pick - Macquarie

BEIJING (XFN-ASIA) - Macquarie Research Equities said it is reaffirming its "outperform" call on China Mobile Ltd. "We reiterate China Mobile as our top pick in the China telco space. A more benign regulatory outlook backed by government support for TD-SCDMA and the absence of severe asymmetric regulation are positives, in our view," Macquarie said in a note. The target price is 91 hkd. At 10.49 am, Hong Kong-listed China Mobile was up 2.01 pct at 73.65 hkd.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Tue Jan 20, 2009 4:41 pm

DJ MARKET TALK: China Mobile +1.9%; Undemanding Value Near HK$70

1506 [Dow Jones] China Mobile (0941.HK) fueling HSI's afternoon rebound, stock now +1.9% at HK$70.45 vs HSI down 1.9% after falling as much as 3.9% in morning. Top cap helped by news it regains 7 million news adds threshold by adding 7.07 million in December, after brief dip to 6.87 million in November, on continued migration by fixed-line users to mobile.

After heavy fall vs year-to-date high of HK$85.35 hit Jan. 6, stock now trading at 10.0X FY09, 9.4X FY10 EPS while offering 4.6%, 5.0% dividend yield, according to Thomson Reuters; unless asymmetric regulation, price competition escalate (both distant possibility), stock at below HK$70 (day's low HK$66.95) looks enticing. Stock 2nd most heavily traded with HK$1.31 billion; 10-day moving average at HK$74.00 likely near-term cap
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Wed Jan 21, 2009 2:45 pm

DJ MARKET TALK: China Mobile Flat; Better Entry At HK$65 - Guoco

1209 [Dow Jones] China Mobile (0941.HK) flat at HK$69.95 even as HSI falls 2.0%, outperforming for second day after reporting solid December subscriber growth. Guoco Capital expects China Mobile to trade in HK$60-80 range in 1H09; stock trading at 10X FY09 earnings, which is "just fair" considering single-digit earnings growth. Keeps Hold call, HK$75.00 target; advises investors to seek better entry point at HK$65 or below.

Stock 4th-most heavily traded with HK$751.2 million volume; 10-day moving average at HK$72.70 may be short-term resistance for any rebound
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Thu Jan 22, 2009 12:12 pm

DJ MARKET TALK: China Mobile Remains Top China Telco Pick-Merrill

1052 [Dow Jones] STOCK CALL: Merrill Lynch says China Mobile (0941.HK) remains top pick of the China Telco sector. "Best defensive play in our view given dimming industry revenue growth outlook in a softening macro economic situation and China Mobile's cautious approach toward TD-SCDMA development in 2009."

Keeps Buy with target HK$90.00. Says, key risks are extreme asymmetric policy measures, such as nationwide one-way mobile-number-portability, and large scale Listco TD-SCDMA subscriber-development and handset subsidies beyond base case assumptions. Stock off 1.7% at HK$68.05; HSI up 0.9%.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Thu Jan 29, 2009 7:10 pm

China Mobile upbeat, looks for cheap buys

DAVOS, Switzerland, Jan 29 (Reuters) - China Mobile (0941.HK), the world's largest mobile carrier, is still growing in spite of the recession and is looking for acquisitions, Chairman Wang Jianzhou said on Thursday.

"Although recession, I can tell you even in this year we still have growth," Wang told Reuters in an interview on the sidelines of the annual meeting of the World Economic Forum.

He said China Mobile had several million new subscribers in the first month of the year.

Wang noted that, in spite of the recession, the firm was being helped by government policies to stimulate the Chinese economy, including subsidies for mobile phone users in rural areas.

Wang said China Mobile was still cautious about acquisitions but noted that telecom assets were now looking cheap: "We are looking for new opportunities for new acquisitions," he said.

Wang said he was confident the company would reach a goal to roll out the third-generation (3G) network to all China's cities by 2011, although user targets would depend on consumer demand.

The government handed out long-delayed 3G licences earlier this month, as China tries to catch up with developed countries in introducing a technology that allows sophisticated multimedia and video services. [nPEK344361]

China Mobile obtained approval to operate the nation's homegrown TD-SCDMA technology, while rival China Unicom (0762.HK) holds a licence to develop a 3G mobile network under WCDMA standards and China Telecom (0728.HK) received a CDMA2000 licence, both of which are widely used around the world and should be much easier to deploy and service than TD-SCDMA.

China's three state-run telecom carriers will spend 400 billion yuan ($58.5 billion) over the next three years building out their 3G mobile networks, the government has said.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Fri Jan 30, 2009 11:10 am

Bought a Put on China Mobile today.

Their PE is 15 and I think their earnings would be affected this year by their capex in 3G. That 3G investment would also not yield much revenue in the next few years.

Their growth in the rural areas now are bringing down their Revenue per subscribers.

In addition, I can see mobile fees continuing to come down.

On the other hand, the subsidy for the rural folks to buy mobile phones is helping them generate some new business.

BTW, the range low is around 50 and it has gone up about 40% from it's range low..

Disclaimer: Follow me at your own risk.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Fri Jan 30, 2009 12:20 pm

Earnings is about 120b Remimbi per year.

This year, they intend to spend 60b Remimbi to develop 3G.

Risk: Their parent may buy buy some shares. But are they strong enough to support the counter ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118522
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to C

Who is online

Users browsing this forum: No registered users and 8 guests