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DBS has lowered its target price for China Mobile (00941.HK) to HKD 98 while maintaining a "Buy" rating.
DBS released a research report indicating that China Mobile's (00941.HK) operating revenue for last year increased by 0.9% year-on-year, largely in line with market expectations; net profit declined by 0.9% year-on-year, approximately 4.3% lower than forecasted; dividend per share rose by 3.5% to 5.27 yuan, with the payout ratio increasing to 75%. Digital transformation has become the core growth engine. The company is successfully pivoting towards high-growth digital services. Revenue from computing services (including cloud and data centers) grew by 11.1% year-on-year to 89.8 billion yuan last year, with revenue from intelligent computing services surging by 279%. Cloud computing service revenue increased by 13.9% year-on-year, benefiting from strong demand.
Express News | Changjiang Computing, a subsidiary of FiberHome Telecommunication, has won a major intelligent computing contract from China Mobile, valued at over 500 million yuan.
[In-depth Industry Research] Feixin Lost, Payment Cooled—Can China Mobile Win in the AI Hardware Game?
As competition intensifies in the AI hardware sector, global technology giants are increasingly focusing on wearable devices in an attempt to seize the entry point for the next generation of human-computer interaction. However, the first to break conventional thinking and capture widespread industry attention is one of the three traditional major telecom operators—China Mobile. Recently, China Mobile launched a new AI product called 'Lingxi Screen.' This device integrates the functions of a smart TV, smart speaker, learning tablet, office computer, and video phone, delivering an efficient interactive experience that eliminates intermediaries. It directly addresses the current pain points of home smart devices: the declining annual usage rate of televisions, which have become expensive ornaments in living rooms, while tablets struggle to escape...
Express News | Over 1,200 listed companies have released dividend plans, with the E Fund Dividend Low Volatility ETF (563020) and E Fund Dividend ETF (515180) attracting investor attention.
DBS Sticks to Their Buy Rating for China Mobile (0941)
Guosen Securities listed the top ten stocks with the largest net inflow and outflow of foreign capital in the first quarter of Hong Kong stocks (table).
Guosen Securities published a report stating that the scale of foreign capital outflows from Hong Kong stocks marginally narrowed in the first quarter of this year, while their pricing power in Hong Kong stocks continued to weaken. According to data on shareholding details from the Central Clearing System of the Hong Kong Stock Exchange, foreign capital outflows from Hong Kong stocks amounted to approximately HKD 85 billion in the first quarter of this year, narrowing compared to the outflow scale in the fourth quarter of last year. Structurally, in the first quarter of 2026, foreign capital primarily flowed into sectors such as non-ferrous metals and pharmaceuticals, with an increase in pricing power observed in electrical equipment and semiconductor segments. Regarding inflows, long-term foreign capital mainly flowed into non-ferrous metals and biopharmaceuticals in the first quarter of this year, whereas short-term foreign capital primarily flowed into semiconductors and textiles/apparel in the first quart