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China Mobile Adds Over 547 Million 5G Users in November
CHINA MOBILE (00941) added a net of 0.824 million mobile Business customers in November.
CHINA MOBILE (00941) announced that as of November 2024, the total number of mobile Business customers reached approximately 1.005 billion.
Capital flow | Northern money wildly purchased Tencent for over 1.2 billion Hong Kong dollars, continuously increasing the stake in China Mobile by over 4.4 billion Hong Kong dollars for 8 consecutive days.
Net Sell of CNOOC 0.25 billion, GCL TECH 0.117 billion.
[Special Commentator] Deng Shengxing: Investors are concerned that the Federal Reserve will pause interest rate cuts in January next year, encountering resistance in the Hong Kong stock market before reaching the 20,000 mark.
Kingwo Financial News | The Hang Seng Index closed at 19,700 on Tuesday (17th), down 95 points or 0.5%. The total market turnover for the day was 132 billion HKD. The National Index fell by 27 points or 0.4% to 7,105. The Technology Index decreased by 25 points or 0.6% to 4,389. "Central China Estimate" continues to improve, CNOOC (00883) rose by 1.7%; as Trump’s inauguration date approaches, Bitcoin prices have touched up to 0.107 million USD per coin, reaching new highs, Hua Xia Bitcoin (03042) increased by another 1.4%. The Dow Jones Industrial Average closed at 43,449 points on Tuesday (17th), down 267 points or 0.61%. The S&P 500 dropped by 0.3.
Capital movement | Northern funds increase positions in dividend stocks! Buy CHINA MOBILE over 0.8 billion, Sell Meituan, Tencent.
Southbound capital had a net Sell of 0.387 billion Hong Kong dollars in Hong Kong stocks.
The three major operators are going against the trend; China United Network Communications (00762) increased by 3.11%. Institutions indicate that the "going cloud" initiative among state-owned enterprises is driving the development of proprietary Cloud Co
Jinwu Financial News | The three major telecom operators are rising against the trend, with China United Network Communications (00762) up 3.11%, CHINA TELECOM (00728) up 2.76%, and CHINA MOBILE (00941) up 1.69%. On the news front, Bank of China International stated that the contribution of cloud business to revenue and profit continues to drive the growth of Chinese telecom companies. Cloud and AI services are becoming the only sustainable driving force for the revenue and EBITDA of Chinese telecom companies. CHINA TELECOM (and China United Network Communications) recorded stable year-on-year growth in EBITDA profit margins for two quarters this year. The bank believes that as state-owned enterprises and local governments gradually transfer their business.
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