Express News | Some inter-operator communications in Beijing have trouble dialing or cannot be reached
Beishui once again increased its holdings of the Bank of China by nearly HK$900 million and surpassed Meituan by nearly HK$800 million; Nanshuibong made a record purchase of 22.4 billion yuan
On April 26 (Friday), Southbound made net purchases of HK$1,174 million in Hong Kong stocks today. Kuaishou-W and HKEx received net purchases of HK$500 million and HK$117 million respectively.
95 domestic game editions have been approved again, and many listed game companies have made gains
The number of game versions has been distributed over 100 for 5 consecutive months. An agency source told the Financial Association reporter that the current supply of editions is in line with expectations, and the distribution pace continues to improve and is expected to continue.
China Mobile (00941.HK): He Biao appointed as Executive Director and CEO
Gelonghui, April 26, 丨 China Mobile (00941.HK) issued an announcement. Following the proposal of the company's nomination committee, review and approval by the board of directors, He Biao has been appointed as the company's executive director and CEO, effective April 26, 2024.
Beishui is stepping up efforts to sweep Hong Kong stocks! Tencent is the most sought after, receiving net purchases of nearly HK$15 billion in the past two months
Mainland investors have increased their holdings of Hong Kong stocks for 19 consecutive trading days, setting a record for the longest continuous increase in history. In addition to the Chinese title and the concept of high dividends, TechNet stocks are gradually regaining financial popularity.
China Mobile (600941): Steady growth in performance, showing results from AI investment
Incident: China Mobile released its 2024 quarterly report. In the first quarter of 2024, the company achieved operating income of 263.7 billion yuan, a year-on-year increase of 5.2%; net profit to mother was 29.6 billion yuan, an increase of 5.5%; EBIT
China Mobile (600941) 2024 Quarterly Report Review: 24Q1 deducted non-net profit year-on-year year-on-year to improve key development of new quality productivity
Incident: On April 22, the company released its 2024 quarterly report. The company achieved operating revenue of 263.7 billion yuan, an increase of 5.2% over the same period; during the same period, the company achieved deduction of non-net profit of 26.1 billion yuan, an increase of 8.4% over the previous year. 24Q
Express News | China Mobile opens its first 5G-A base station at Mount Everest
Beishui raised more than HK$500 million from the Bank of China and sold Meituan for nearly HK$800 million; Nanshui bought CMB for nearly 700 million yuan
On April 25 (Thursday), Southwest Capital made net purchases of Hong Kong stocks of HK$1.88 billion today. The Hong Kong Stock Exchange and Tencent Holdings received net purchases of HK$407 million and HK$222 million respectively.
Minsheng Securities released a research report on April 25 stating that it gave China Mobile (600941.SH) a recommended rating. The main reasons for the rating include: 1) the 24Q1 performance was in line with expectations, and the year-on-month improvemen
Minsheng Securities released a research report on April 25 stating that it gave China Mobile (600941.SH) a recommended rating. The main reasons for the rating include: 1) the 24Q1 performance was in line with expectations, and the year-on-month improvement after deducting non-net profit; 2) increased investment in intelligent computing centers in the outlook for reducing capital expenditure in 2014; 3) the March user operation data was released, and 24Q1 mobile and fixed network users increased month-on-month in 23Q4. (Mainichi Keizai Shimbun)
Beishui added nearly HK$800 million to sell Meituan for over HK$1.5 billion; Nanshui bought Ping An of China for over HK$500 million
On April 24 (Wednesday), Southbound made net purchases of HK$1,995 million in Hong Kong stocks today. The Hong Kong Stock Exchange and China Mobile received net purchases of HK$736 million and HK$494 million respectively.
Express News | Southbound Capital made a net purchase of HK$1,995 billion today
China Galaxy released a research report on April 24 stating that it gave China Mobile (600941.SH) a recommended rating. The main reasons for the rating include: 1) the acceleration of investment in intelligent computing; the establishment of “AI+ special
China Galaxy released a research report on April 24 stating that it gave China Mobile (600941.SH) a recommended rating. The main reasons for the rating include: 1) the acceleration of investment in intelligent computing; the establishment of “AI+ special actions”; 2) actual development brings growth. (Mainichi Keizai Shimbun)
Bank Ratings | J.P. Morgan Chase: China Mobile's stock price defense and dividend visibility are the first choice among Chinese telecommunications companies
Glonghui, April 24 | J.P. Morgan said China Telecom's first quarter results were weak. Despite strict cost control measures, revenue growth declined as well as profit before interest, tax, depreciation and amortization (EBITDA) and profit growth slowed due to the slowdown in industrial digitization business. Cash flow declined due to a surge in accounts receivable, but the bank believes that China Telecom is still expected to achieve the annual guiding goals of good revenue growth and increased net profit margin this year. Among Chinese telecommunications companies, Motong chose China Mobile, believing that China Mobile's stock price defense and dividend visibility (by 2026, the dividend ratio will increase to 7
Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) | April 24
According to data from the Zhitong Finance App, on April 19, Bank of China (03988), Tencent Holdings (00700), and China Mobile (00941) ranked in the top three in the market for net inflows, with net inflows of 1,185 million yuan, 587 million, 491 million Ideal Automobile-W (02015), HSBC Holdings (00005), and Kuaishou-W (01024) ranked in the top three in the market. Net outflows of -314 million, -157 million, and -119 million dollars respectively ranked in the top three in the market. Botai Biology -B (06990),
North and South Water | Nanshui is buying resource stocks and liquor stocks, and Beishui continues to buy China Mobile Tencent and Bank of China
The net sale of A-shares was $2,997 billion, and the net purchase of Hong Kong shares was HK$2.34 billion by Northbound Capital.
Beishui added nearly HK$400 million each to Tencent and the Hong Kong Stock Exchange, selling Meituan for nearly HK$500 million; Nanshui bought Zijin Mining for nearly HK$500 million
On April 23 (Tuesday), Nanxia Capital made a net purchase of HK$2.34 billion in Hong Kong stocks today, and the Bank of China received a net purchase of HK$696 million.
Major Bank Ratings | J.P. Morgan Chase: Maintaining China Mobile's “Accumulation” Rating as the Industry's Preferred Stock Price Is Defensive
According to a report published by J.P. Morgan Chase, China Mobile's performance in the first quarter was mixed. Mobile and fixed network service revenue rebounded slightly, but operating expenses were high during the quarter, and EBITDA fell 2% year over year. Net profit maintained steady growth due to changes in accounting policies driving depreciation and amortization (D&A) savings, and operating cash flow/free cash flow declined due to a surge in accounts receivable. The bank expects that China Mobile's stock price may fall slightly after disclosing quarterly results to reflect the trend of weak EBITDA and free cash flow, but maintains its “gain” rating and believes it is the industry's first choice. It believes that its stock price is defensive and dividend visibility is the best in the industry
Big Bank Rating | Damo: Maintaining China Mobile's “Accumulation” Rating Target Price of HK$80
Glonghui, April 23 | Morgan Stanley released a report stating that China Mobile's first-quarter service revenue increased 4.5% year-on-year, which is basically in line with the bank's expectations. EBITDA fell 2.3% year-on-year, which is 3% lower than the bank's expectations. However, net profit increased 5.5% year-on-year, roughly in line with expectations, as weak EBITDA was offset by a reduction in depreciation and amortization (D&A) expenses. The bank maintains an “gain” rating on China Mobile, with a target price of HK$80.
UBS: Maintaining China Mobile's (00941) “Buy” Rating Target Price of HK$85
China Mobile's (00941) communications service revenue for the last quarter was RMB 219.3 billion, up 4.5% year on year and 1% higher than market expectations.
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