Oct 22 Glorious Times | BOC International stated in a report that in the context of the slowdown in traditional telecommunication services, China Mobile's third-quarter profit increased by 4.6% year-on-year, meeting the bank's expectations. Benefiting from reduced depreciation offsetting operating expenses, operating profit increased by 2.6% year-on-year, maintaining stability. The bank expects China Mobile's outlook to stabilize in the second half of the year, expecting its second-half profit to be on par with the third quarter, as telecommunication companies shift their focus to ai/computing networks, while the traditional telecom market remains stable. BOC International reiterated a 'buy' rating for China Mobile's H shares, maintaining the target price at 82 Hong Kong dollars. The report believes that China Mobile, with high dividend yields and stable business prospects, will become a major beneficiary of increased market liquidity.
大行评级|中银国际:重申中国移动“买入”评级 预计下半年展望趋于稳定
Major Bank Rating | BOC International: Reaffirms a "buy" rating on China Mobile, expecting a stable outlook in the second half of the year.
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