share_log

研报掘金丨中信建投：中国移动业绩稳健增长，维持“买入”评级

Research report golden ⎼ China Securities Co., Ltd.: China Mobile's performance is steadily growing, maintaining a "buy" rating.

Gelonghui Finance ·  Aug 14 03:17

CSC's research report indicates that China Mobile (600941.SH) has steady business growth and attractive dividend returns. In the first half of the year, the revenue reached 546.7 billion yuan, a 3.0% increase year-on-year, and net income attributable to shareholders was 80.2 billion yuan, a 5.3% increase year-on-year. The company's overall operations remain steady. In the individual market segment, while the growth of data traffic slows down, the company strengthens the integration of applications, equity, and terminals, and strives to maintain a stable market. In the household market segment, while promoting the continuous penetration of gigabit broadband, the company strengthens the drive for "smart home + content" to increase comprehensive home broadband ARPU. In the government and enterprise market segment, it continues to deepen into the industry, consolidate core capabilities, and improve the profitability of B-end projects. If calculated according to a dividend payout ratio of 72% (the company's guidance is to increase the dividend payout ratio to 75% within three years), the current dividend yield of the company's H shares is about 7%, and that of its A shares is about 4.5%, making the dividend returns still attractive. Maintain a "buy" rating.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment