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Credit Suisse: Maintains a "buy" rating on China Mobile, with a target price of HKD 101.39.
Fitch Ratings released a research report stating that it maintains a 'buy' rating on China Mobile (00941) with a target price lowered from HKD 101.69 to HKD 101.39. The company has announced a mid-year dividend of HKD 2.6 per share, a 7% YoY increase, equivalent to a dividend yield of 63.3%, up from 62.5% YoY. Management has committed to paying a higher dividend this year compared to the previous year's 71%. The bank expects a dividend payout ratio of 72% this year, while the company announced last year that it will strive to achieve a 75% dividend payout ratio within three years. The bank believes that the company's second-quarter profit outperformed expectations and expects revenue growth to slow down in the second quarter, but will be offset by operating expenses and non-operating items.
Hong Kong stocks fluctuate | Telecommunication sector under pressure, China Mobile (00941) revenue growth slows down in the first half of the year, Lyon expects weak midterm performance of the industry.
The telecommunication sector is under pressure. As of press time, China Telecom (00728) fell 3.18% to HKD 4.26; China United Network Communications (00762) fell 2.88% to HKD 6.4; China Mobile (00941) fell 1.8% to HKD 70.95.
Furui: Maintains a "buy" rating for China Mobile (00941), with a target price of HKD 101.39.
Furui material china mobile (00941) dividend payout ratio can reach 72% this year.
China Telecom (00728) fell 3.18% as the three major telecom operators came under pressure. Institutions predict that the industry's performance in the first half of the year may be relatively weak.
Jinwu Finance News | The three major telecommunications operators are collectively under pressure, with China Telecom (00728) falling by 3.18%, China Unicom (00762) falling by 2.88%, and China Mobile (00941) falling by 2.56%. On the news side, Citic Lyon issued a performance outlook for the telecommunications industry in the first half of 2024: growth is expected to slow down. The bank pointed out that Chinese telecom operators have benefited from potential dividend and tax reductions, and their performance has been remarkable so far this year. However, the bank believes that in the current economic downturn, governments and companies have postponed their information technology spending, so it is expected that the performance in the first half of 2024 may be weak.
Hong Kong Shares Rise, Tracking Wall Street Gains -- Market Talk
China Mobile Limited: Half-year report for the year 2024.
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