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Bank of China Maintains Buy Rating on China Mobile
Businessinsider
1h ago
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Bank of China analyst maintains a ‘buy’ rating on China Mobile, setting a target price of HK$93.04. China Mobile’s stock price closed at HK$80.00 yesterday. The market consensus is a strong ‘buy’, with an average target price of HK$93.73; DBS also maintained a ‘buy’ rating on October 20th, with a target price of HK$96.00.
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A China Bank analyst maintained a ‘buy’ rating on China Mobile yesterday, setting a target price of HK$93.04. The company’s stock price closed at HK$80.00 yesterday.

Currently, the market's consensus on China Mobile is a "strong buy," with an average target price of HKD 93.73, representing a potential upside of 17.16% from the current level. DBS also maintained a buy rating for the stock in its report released on October 20th, with a target price of HKD 96.00.

According to China Mobile's latest financial report for the quarter ending September 30, the company's revenue for that period was HK$242.22 billion, with a net profit of HK$27.26 billion. In contrast, during the same period last year, the company's revenue was HK$250.82 billion, and the net profit was HK$31.11 billion.

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