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Market Chatter: Chinese Mutual Fund Holdings in Tencent Outshine CATL
Major rating丨Citi: CHINA MOBILE's overall performance in the first quarter slightly exceeded expectations, Target Price 82.3 Hong Kong dollars.
Citigroup released a Research Report stating that CHINA MOBILE's revenue for the first quarter of the fiscal year 2025 meets market expectations; EBITDA grew by 3.5% year-on-year, exceeding market expectations by 4%; Net income increased by 3% year-on-year, 6% higher than market expectations. Benefiting from effective control of operating costs, the overall performance in the first quarter also slightly exceeded expectations. Citigroup believes that, in the context of increased market volatility, Chinese telecom stocks generally possess attractive defensive investment value. The firm sets the Target Price for CHINA MOBILE at HKD 82.3, rating it as "Buy."
Hong Kong stocks movement | CHINA MOBILE (00941) fell over 2% after earnings, the company's main Business revenue growth rate slowed in the first quarter.
CHINA MOBILE (00941) fell over 2% after earnings, as of the time of writing, down 2.41%, priced at 80.9 Hong Kong dollars, with a transaction volume of 2.249 billion Hong Kong dollars.
Hong Kong stock morning report | E-commerce platforms have completely canceled "refund only" policy. Wei Long Mei Wei plans to invest 1 billion yuan to build a new factory.
① E-commerce platforms fully cancel "refund only" policy. ② The IMF lowers the 2025 global economic growth forecast from 3.3% at the beginning of the year to 2.8%. ③ The Ministry of Industry and Information Technology solicits public opinions on the "Guide to the Construction of Comprehensive Standardization System for Cloud Computing (2025 Version)." ④ The Ministry of Industry and Information Technology: More than 100 national and industry standards will be developed and revised to establish a standard system for Intelligent Manufacturing that adapts to the development of new industrialization by 2026.
China Mobile: China Mobile: First Quarter Report 2025
China Mobile: First Quarter Report 2025
Buy n Die Together❤ :
Hamza Khan226 : nice