Apple CEO Tim Cook Pledges To Increase Investment In China

Business TodayOct 23 21:10 ET

Futu Securities: Buy rating on China Mobile (00941) with a target price of 101.39 Hong Kong dollars.

The bank stated that china mobile's third-quarter performance met expectations, with service revenue and net profit increasing by 1% and 4.6% respectively year-on-year; EBITDA dropped by 5% year-on-year, compared to a 1% drop in the first half of the year.

Zhitong FinanceOct 22 05:16 ET

CICC: Rated china mobile as outperforming the industry with a target price of 85 Hong Kong dollars.

CICC released a research report stating that it basically maintains the group's profit forecast for the next two years, continues to give china mobile (00941) an 'outperform industry' rating, with an H股 target price of 85 Hong Kong dollars. The operating cash flow of the company in the first three quarters has significantly narrowed, with a recovery in year-on-year growth of operating cash flow in the third quarter. The report states that the company's operating revenue in the first three quarters increased by 2% year-on-year, and net profit increased by 5.1% year-on-year. As for the improvement in the growth rate of the main revenue in the third quarter, operating revenue decreased by 0.1% year-on-year, slightly lower than market expectations; main business revenue increased by 1%, basically in line with expectations; net profit increased by 4.6%, in line with expectations.

Sina Hong Kong stocksOct 22 04:13 ET

Research reports: CICC: China Mobile Q3 net income meets expectations, maintains A+H shares "outperform industry" rating

China International Capital Corporation's research reports pointed out that in the third quarter of 2024, china mobile's main business revenue basically met market expectations, but the revenue was slightly lower than the market's expectations, mainly due to a year-on-year decrease of 7.0% in revenue from other businesses in the third quarter (mainly from the sale of mobile hardware), but since the gross margin of this business is approximately 2%, the impact on profit is relatively small. The net income attributable to the mother in the third quarter of 2024 met market expectations. From the first quarter to the third quarter of 2024, the revenue of the DICT business maintained a good growth; in emerging businesses, revenue from content media and international business both maintained rapid growth. Referring to past years' situations and business models, the fourth quarter usually sees a decrease in accounts receivable and a reversal of credit impairment losses. Based on

Gelonghui FinanceOct 22 03:26 ET

JPMorgan's rating: China Mobile's stock price is expected to be under pressure in the short term, and market concerns about its mobile business prospects continue to rise.

JPMorgan released a research report stating that China Mobile's service revenue in the third quarter steadily increased by 1% year-on-year. Due to rising cost pressures, EBITDA increased by 1% in the second quarter, but decreased by 5% in the third quarter. JPMorgan pointed out that despite stable revenue and profits, concerns about the future of its mobile business in the market continue to rise. The bank expects the group's stock price to remain under pressure in the short term, as the accelerated decline in average revenue per user (ARPU) and income per user may lead to market doubts about the company's consumer business prospects. The bank maintains a 'shareholding' rating for the group, with a target price of 93 Hong Kong dollars.

Gelonghui FinanceOct 22 01:24 ET

Rating of Major Banks | UBS Group: Maintains a 'buy' rating on china mobile, still expected to achieve full-year profit growth guidance.

UBS Group released a research report stating that China Mobile's third quarter revenue increased by 1% year-on-year and net profit increased by 4.6% year-on-year, meeting the bank's expectations. The bank pointed out that although the net profit in the third quarter of the company slowed down compared to the 5.3% year-on-year growth in the first half of the year, it believes that the company is still expected to achieve its full-year profit growth guidance in the low to mid-single digits percentage. The bank maintains its performance outlook for the company, with a revenue target of stable growth and a favorable increase in net profit this year; it also indicates an annual increase in dividend payout ratio and aims to reach 75% of net profit within three years starting this year. The bank maintains a "buy" rating on China Mobile, with a target price for the H shares listed in Hong Kong at 87 Hong Kong dollars.

Gelonghui FinanceOct 21 23:01 ET