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China Mobile (SEHK:941) Reports Strong Earnings Growth and Strategic Expansion in Asia-Pacific Region
Introducing new investors like china telecom in a new round, Honor: continuously promoting diversification of equity structure.
Sina Technology News, on the morning of October 31st, Honor introduced a new round of investors, including china telecom, funds under China Golden Capital, funds under Cornerstone, Te Fat Fund, and institutions such as the new round of agent investment platform (JinShi XingYao). In response to this round of financing, Honor stated that it adheres to the principles of open and transparent development, continuously promoting diversified equity structure. In August of this year, Honor announced plans to launch corresponding shareholding reforms in the fourth quarter of this year, and subsequently initiate the IPO process when appropriate. China Mobile then invested in Honor.
Lenovo won a large contract for China Telecom servers, receiving a total of over 1.2 billion worth of contracts.
Sina Technology News On the evening of October 24th, China Telecom recently announced the bid candidates for the centralized purchase project of servers (2024-2025). Lenovo successfully entered multiple packages, with the general-purpose server (A series) package ranking first, and the C86 server (G series) package ranking third, a total of winning over 1.2 billion large orders, achieving a historic breakthrough and becoming the mainstream supplier of servers for China Telecom. Currently, Lenovo's close cooperation with the three major domestic operators is continuously deepening. Previously, relying on strong technical strength, rich ecosystem, and excellent service, it has successively won the favor of China United Network Communications and China Mobile.
Apple CEO Tim Cook Pledges To Increase Investment In China
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.
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.
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