According to the bank, China Mobile's third-quarter results were in line with expectations. Among them, service revenue and net profit increased by 1% and 4.6% year on year, respectively; EBITDA fell 5% year on year, compared to 1% in the first half of the year.
The Zhitong Finance App learned that Jefferies released a report stating that it gave China Mobile (00941) a “buy” rating, with a target price of HK$101.39. According to Jefferies, based on a 10-fold price-earnings ratio and a dividend rate forecast of 7.3% for 2025, China Mobile's valuation is still very attractive.
According to the bank, China Mobile's third-quarter results were in line with expectations. Among them, service revenue and net profit increased by 1% and 4.6% year on year, respectively; EBITDA fell 5% year on year, compared to 1% in the first half of the year.
