China Mobile 0941

Re: China Mobile 0941

Postby winston » Fri Feb 20, 2009 5:48 pm

DJ MARKET TALK: China Mobile Asymmetrical Fears Fade, Buy -BOCI

1535 [Dow Jones] BOCI tips China Mobile (0941.HK) as only Buy in China telecom sector; says earlier concerns over negative impact of asymmetrical regulations now replaced by optimism stemming from fact no major regulatory changes will be made in near future, as political need to be seen supporting homegrown TD-SCDMA technology preventing authorities from adopting key asymmetrical measures to address competitive imbalance in China telecoms market.

"Rather, government support for the success of TD is just intensifying." Adds, China Mobile likely only Chinese carrier to show any profit growth over next two years; pegs fair value at HK$89.00. Stock down 2.6% at HK$68.20, HSI down 2.4%
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Mon Feb 23, 2009 2:40 pm

DJ MARKET TALK: China Mobile +3.4%; Still Top Sector Pick - UOBKH

1134 [Dow Jones] China Mobile (0941.HK) +3.4% at HK$70.55, top big cap buying target amid market strength; stock shrugging off news of weak January subscriber growth, which at 6.67 million is slowest since Dec. 2007.

UOB KayHian says decline due to weak economy, increasing competition, but that number still in line with street's, house's expectations; latest street estimates peg China Mobile to gain 60-80 million (average 5.0 million-6.7 million/month) subscribers in 2009.

Says China Mobile remains top sector pick due to proven track record, superior operating performance; keeps Buy call, HK$90.00 target price; "any (share price) adjustment due to market instability might provide a better entry point." Stock 2nd most heavily traded at HK$864.6 million.
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Thu Feb 26, 2009 10:46 am

DJ MARKET TALK: Competition Risks Rising For China Mobile - CS

0923 [Dow Jones] Credit Suisse removes China Mobile (0941.HK) from Asian telcos top picks list due to risks of further earnings downgrades; says moving from de facto monopoly by China Mobile to three-player market "is a significant supply shock." Adds, all players in China well financed, likely to pursue rollout aggressively; despite regulators' intentions to keep competition benign, spurts of aggressive behavior (such as margin-destroying handset subsidies) likely before regulator can clamp down. Credit Suisse rates China Mobile Outperform with HK$83.00 target; stock +1.2% at HK$70.45 yesterday
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Wed Mar 04, 2009 2:52 pm

DJ MARKET TALK: ML Tips China Mobile 2008 Net Profit Up 30.1%

1052 [Dow Jones] STOCK CALL: Merrill Lynch expects China Mobile's (09841.HK) 2008 net profit up 30.1% on-year at CNY113.29 billion, with revenue +15.1% at CNY410.84 billion. Results due March 19. Keeps Buy on China Mobile on competitive strength from large economies of scale, continued benefit from regulatory inaction under the protection of a premature TD-SCDMA service launch, while key industry drivers in the next few months remain uncertain.

"General economic situation and consumer demand uncertainties, competitive price actions and to a lesser extent, preparation and strategy for 3G are the top industry issues." Sets target at HK$86.00. Stock +0.6% at HK$66.00; HSI up 0.2%.
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Thu Mar 05, 2009 2:45 pm

DJ MARKET TALK: Nomura Cuts China Mobile Target To HK$85 Vs HK$92

1153 [Dow Jones] STOCK CALL: Nomura cuts China Mobile (0941.HK) target to HK$85.00 from HK$92.00 after adopting more cautious view toward operator's ARPU due to competition and domestic consumption. "Although the telecom industry may be more defensive than other sectors during an economic downturn, we assume a 6% on-year and a 5% on-year ARPU decline for CM in 2009 and 2010, respectively." Keeps Buy.

Says, China Mobile's strong balance sheet has a vital edge over the other two operators, should send a strong signal to its competitors to not carry out a prolonged price war. Stock off 1.4% at HK$66.75; HSI down 0.3%
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Fri Mar 06, 2009 9:46 am

Still looking for a chance to buy a Put on China Mobile..

150m users seen for 3G by BENJAMIN SCENT

China's third-generation mobile networks will be able to handle 150 million users by 2011, the head of the mainland telecoms regulator said yesterday.

The three mainland phone companies may each spend 100 billion yuan (HK$113.39 billion) building up their 3G networks, Bloomberg quoted Minister of Industry and Information Technology Li Yizhong as saying on the sidelines of legislative meetings in Beijing. He did not give any time frame.

Industry leader China Mobile (0941) has said it will spend 58.8 billion yuan this year to roll out 600,000 base stations that use the TD-SCDMA standard - the mainland's home-grown 3G technology. China Mobile's 3G network will cover 238 cities, or about 70 percent of the country's major cities, by December.

Nomura yesterday cut its target price for China Mobile to HK$85, from HK$92. Target for China Telecom (0728) was reduced to HK$3.60, from HK$4.70, and China Unicom (0762) to HK$9.50, from HK$16.20.

China Mobile will report the strongest 2008 results of the three operators, Nomura analyst Danny Chu said.

"China Mobile's strong balance sheet has a vital edge over the other two operators," said Chu, who has a "buy" call on all three stocks.

Rivals China Telecom and China Unicom will likely see their earnings fall in coming years as their Xiaolingtong, or "Little Smart," limited-range wireless services are phased out, Chu 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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Mon Mar 09, 2009 11:49 am

DJ MARKET TALK: CS Keeps China Mobile At Outperform;Target HK$83

1030 [Dow Jones] STOCK CALL: Credit Suisse keeps China Mobile (0941.HK) at Outperform with target HK$83.00. "Although TD-SCDMA technology remains a high risk, we believe that it should not severely impact China Mobile's earnings in the near term given its huge 2G subscriber base at over 460 million."

Says, Chairman Wang Jianzhou made his view clear that competition will increase this year and could erode EBITDA margin. However, adds China Mobile will strive to maintain a healthy level by avoiding a price war and will only offer handset subsidies to the high-end users.

Adds, in an attempt to further accelerate the progress in TD-SCDMA, the company plans to share R&D expenses on TD-SCDMA handsets with international vendors. Stock +0.2% at HK$65.15.
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby financecaptain » Mon Mar 09, 2009 12:16 pm

This counter could go either way.
460 million subscribers can evaporate over night if it does not execute its 3G rollout well. The fact that it was forced to adopt TD-SCDMA and its rivals could adopt the other 2 well developed standards have given these mobile operators a more level playing field.
Hence, China Mobile was forced to share R&D costs with the handset developers to increase current models to more than 100 from current only 40. Never heard before in telco business especially China Mobile. It is extremely urgent and important.
Next step could even be significant subsidy of handsets. Compared with other countries, China's handsets are not heavily subsidised maybe until now.
China Mobile's management has not been really tested before in a trully competitive landscape.
User avatar
financecaptain
Foreman
 
Posts: 286
Joined: Mon Aug 25, 2008 3:49 pm

Re: China Mobile 0941

Postby winston » Tue Mar 10, 2009 2:34 pm

DJ MARKET TALK: Guoco Upgrades China Mobile To Buy From Neutral

1229 [Dow Jones] STOCK CALL: Guoco Capital upgrades China Mobile (0941.HK) to Buy from Neutral, mainly due to stock's heavy fall recently, which tracked broad market weakness, "without significant deterioration in fundamentals." Keeps target price unchanged at HK$75, pegged on 11X FY09 P/E.

Says, market already expected net adds to trend downward in 2009, but house expects continuous 10%-20% growth in subscriber base in 2009, to support revenue growth. Believes this target achievable as competitors may not be ready to launch full 3G service by 4Q09, customers tend to wait for feedback from other users before subscribing to 3G services.

CM results due March 19, but likely nonevent as 2009's operating landscape will be different from 2008, with fierce competition that could lead to lower tariffs, lower ARPU, lower profitability, but all of those flagged. China Mobile +1.6% at HK$64.00
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: 118536
Joined: Wed May 07, 2008 9:28 am

Re: China Mobile 0941

Postby winston » Wed Mar 18, 2009 12:17 pm

March 16

DJ MARKET TALK: CLSA Tips China Mobile FY08 Net Up 31% At CNY114B

1108 [Dow Jones] STOCK CALL: CLSA tips China Mobile's (0941.HK) 2008 net profit up 31% on-year at CNY114 billion; results due Thursday during midday break. Says, cautious on 4Q given weakening economy and increasing competition, quarter's earnings likely grew at slower 16% pace on-year.

"China's total telecom revenue growth has slowed faster than expected.
There is risk that China Mobile's revenue could come in slightly below our forecast, but their business should be much more resilient compared to China Telecom (0728.HK) and Unicom (0762.HK) whose fixed-line business came under more pressure in 2008."

Keeps Outperform with target HK$85.00. Stock +1.3% at HK$68.55.
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: 118536
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