Major Bank Ratings | J.P. Morgan Chase: Maintaining China Mobile's “Accumulation” Rating as the Industry's Preferred Stock Price Is Defensive

According to a report published by J.P. Morgan Chase, China Mobile's performance in the first quarter was mixed. Mobile and fixed network service revenue rebounded slightly, but operating expenses were high during the quarter, and EBITDA fell 2% year over year. Net profit maintained steady growth due to changes in accounting policies driving depreciation and amortization (D&A) savings, and operating cash flow/free cash flow declined due to a surge in accounts receivable. The bank expects that China Mobile's stock price may fall slightly after disclosing quarterly results to reflect the trend of weak EBITDA and free cash flow, but maintains its “gain” rating and believes it is the industry's first choice. It believes that its stock price is defensive and dividend visibility is the best in the industry

Gelonghui Finance01:37 ET

UBS: Maintaining China Mobile's (00941) “Buy” Rating Target Price of HK$85

China Mobile's (00941) communications service revenue for the last quarter was RMB 219.3 billion, up 4.5% year on year and 1% higher than market expectations.

Zhitong Finance23:28 ET

[Special Offer V] Deng Shengxing: The central government supports the market, and Hong Kong stocks are expected to rebound

Jinwu Financial News | The Hang Seng Index closed at 16,511 points on Monday (22nd), up 287 points, or 1.8%. Full-day transactions amounted to $104.925 billion. The National Index closed at 5,831 points, up 84 points, or 1.5%. The index closed at 3,336 points, up 58 points, or 1.8%. Blue chip stocks are generally doing well. Out of 82 blue chips, 68 have recorded increases. ATMXJ built well, and Tencent (00700)'s “Dungeons and Warriors: Origins” (“DNF Mobile Game”) will be officially launched on the 21st of next month, rising 5.5% across the day to 320.4 yuan, contributing 78 points to the Hang Seng Index. The Dow closed at 3823 on Monday (22)

金吾財訊21:40 ET

[Hong Kong Stock Connect] Profit attributable to shareholders of China Mobile (00941) increased 5.49% year-on-year to RMB 29.609 billion in the first quarter

Jinwu Financial News | China Mobile (00941) announced that in the first quarter of 2024, the Group recorded profit attributable to shareholders of 29.609 billion yuan (RMB, same below), an increase of 5.49% over the previous year. Basic earnings per share were 1.38 yuan, up 5.34% year over year. During the period, operating revenue was recorded at 263.794 billion yuan, an increase of 5.2% over the previous year. EBITDA was 78 billion yuan, down 2.3% year over year. During the period, the Group's communications service revenue was 219.3 billion yuan, up 4.5% year on year; revenue from sales products and others was 44.4 billion yuan, up 8.6% year on year. In terms of the individual market, as of

金吾財訊Apr 22 11:36 ET

China Mobile Added 4.5 Million Customers in March

China Mobile's (HKG:0941) subscriber base stood at over 995.6 million customers in March following an addition of 4.5 million customers last month, according to Monday's filing with the Hong Kong bour

MT NewswiresApr 22 09:08 ET

China Mobile, Zijin Mining, Qinghai Spring... the quarterly reports of popular companies have been released!

Some companies exploded

Gelonghui FinanceApr 22 08:02 ET