Estimates Boost Gain for China Mobile
考研英语
时间: 2019-04-08 14:16:12
作者: 匿名
China Mobile Ltd, the world's largest wireless-phone carrier by users, had the biggest two-day gain in a month on the Hong Kong exchange yesterday after Lehman Brothers and CLSA Ltd raised their stock price estimates.
China Mobile shares climbed 2.5 percent to close at a record HK$121.10 (US$15.59). The stock rose 8.5 percent in the past two sessions, the most since August 21, according to Bloomberg News.
Chinese investors will probably buy China Mobile's stock because of the company's growth, once regulations allow them to purchase Hong Kong-listed shares, Lehman Brothers and CLSA analysts said yesterday. Beijing-based China Mobile gained 5.59 million users in August, almost four times the additions at domestic rival China Unicom Ltd.
"China Mobile has been rallying faster than expected mainly due to market factors like China's individual investment theme," Francis Cheung, an analyst at CLSA, wrote in a report. CLSA boosted its 12-month share-price target to HK$140 from HK$110, and kept a "buy" recommendation.
Fixed-line companies China Telecom Corp and China Netcom Group Corp (Hong Kong) Ltd, which are applying for licenses to offer faster mobile-phone services, lost users to China Mobile and China Unicom as the wireless operators cut rates.
China Mobile is expected to face "little impact from competition," Lehman's Paul Wuh wrote in a note. The government may delay industry restructuring and licenses for third-generation mobile services, Wuh said.
China Mobile shares climbed 2.5 percent to close at a record HK$121.10 (US$15.59). The stock rose 8.5 percent in the past two sessions, the most since August 21, according to Bloomberg News.
Chinese investors will probably buy China Mobile's stock because of the company's growth, once regulations allow them to purchase Hong Kong-listed shares, Lehman Brothers and CLSA analysts said yesterday. Beijing-based China Mobile gained 5.59 million users in August, almost four times the additions at domestic rival China Unicom Ltd.
"China Mobile has been rallying faster than expected mainly due to market factors like China's individual investment theme," Francis Cheung, an analyst at CLSA, wrote in a report. CLSA boosted its 12-month share-price target to HK$140 from HK$110, and kept a "buy" recommendation.
Fixed-line companies China Telecom Corp and China Netcom Group Corp (Hong Kong) Ltd, which are applying for licenses to offer faster mobile-phone services, lost users to China Mobile and China Unicom as the wireless operators cut rates.
China Mobile is expected to face "little impact from competition," Lehman's Paul Wuh wrote in a note. The government may delay industry restructuring and licenses for third-generation mobile services, Wuh said.
猜你喜欢
-
- 03-082018考研英语阅读:过来人谈高效解题的8个思维方式
- 03-082018考研新变化:全日制与非全日制招生不得相互使用
- 03-082018年考研英语编故事记单词有妙招
- 03-082018考研英语大纲即将来袭一定要做到这两点
- 03-08据说,背完2018考研英语单词睡1小时,33%在梦中忘了!
- 03-082018考研英语背单词的本质反复记忆
- 03-082018考研英语定语从句的翻译要点:通顺!
- 03-08速来领取全年考研英语复习规划
- 03-08考研英语句型练大脑高级读法,不会语法仍得高分
- 03-082018考研英语大纲可能依旧无变化?