On August 9th, Guolong News reported that China Mobile achieved outstanding results in a challenging market. Despite the slowdown in the traditional telecom service market, its performance in the first half of the year still improved, with mid-term profits increasing by 5.3% YoY and dividends per share increased by 7% compared to the same period last year. Capital expenditures decreased by 21% within the period while scaling the massive construction of 5G networks and AI computing power layout. Although traditional telecom business may continue to slow, the bank maintains a positive outlook on AI and cloud-driven government-enterprise business development and reiterates a "buy" rating with a target price lowered to HKD 82.
大行评级|中银国际:下调中国移动目标价至82港元 重申“买入”评级
Major bank rating | BOC International: Lowered china mobile target price to HKD 82, reiterated "buy" rating.
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