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Nomura Adjusts China Mobile's Price Target to HK$79 From HK$78, Keeps at Buy
02:37 AM EDT, 03/28/2024 (MT Newswires) -- Nomura Adjusts China Mobile's Price Target to HK$79 From HK$78, Keeps at Buy Price (HKD): $67.05, Change: $-0.05, Percent Change: -0.07%
Beishui Trends | Beishui Trading made a net purchase of 6.563 billion, Tencent (00700) continuously repurchased shares and increased domestic holdings by more than HK$800 million
On March 27, in the Hong Kong stock market, Beishui made a net purchase of HK$6.563 billion, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$3,876 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$2,688 billion.
Research Report Nuggets丨Changjiang Securities: China Mobile's revenue broke trillion in '23, profit reached a record high, leading to continued good growth
According to the Changjiang Securities Research Report, China Mobile (600941.SH)'s revenue broke through the trillion mark in 2023, and profits reached another record high. In terms of traditional business, ARPU has achieved steady growth on the basis of maintaining a steady increase in the number of users; mobile cloud is growing rapidly, and revenue is expected to exceed 100 billion dollars in 24 years. The slight decline in CAPEX guidance will increase investment in computing power and capacity. The guidelines for 2024 are clear. The goal is to achieve good revenue and profit growth, and ARPU continues to grow steadily. With the implementation of the new dividend payment guidelines, the dividend payout ratio will be further increased. Highly recommended, maintaining a “buy” rating.
The 2023 results of the three major operators have been released! Raising dividends became the biggest highlight
Both Mobile and Telecom promised to increase the dividend rate to over 75% in the future
China Mobile to Cut 5G Expenditure in 2024
China Mobile (HKG:0941, SHA:600941) plans to reduce its capital expenditure on 5G networks to 69 billion yuan for the year, the telecommunication company said in its earnings announcement on March 21.
Analysts Have Made A Financial Statement On China Mobile Limited's (HKG:941) Full-Year Report
China Mobile Limited (HKG:941) last week reported its latest yearly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations.
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