According to the Securities Times APP, UBS Group issued a research report stating that it maintains a "buy" rating on China Mobile (00941) due to the latest performance. Adjusted profit forecasts for 2022-2024 by 1% to 2%, reflecting slightly higher sales expenses and a decrease in DICT business income growth forecasts. The target price was lowered from HK$80 to HK$77.

The report states that the company's service revenue in Q3 this year was 193.7 billion yuan, a year-on-year increase of 7.8%, which is in line with the bank's and market expectations; net profit was 28.3 billion yuan, only a slight year-on-year increase of 0.6%, both lower than the bank's and market expectations. The lower-than-expected performance was mainly due to the increase in sales expenses, which rose by 24.4% year-on-year in Q3, compared to a 13.8% year-on-year decline in the first half of the year, estimated to be due to the expansion of the DICT business.