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<Research>BOCI: CHINA MOBILE (00941.HK) Quarterly Results in Line; AI/ Cloud IaaS Demand Growth to Boost Growth in 2H25
Recommend 24 Positive 34 Negative 17 |
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Although operational expenses increased due to the development of new AI cloud products and talent recruitment in its view, leading to erosion in EBITDA and profit margins, CHINA MOBILE (00941.HK)'s 3Q25 profit still hiked 1.4% YoY, BOCI published a research report saying. The broker expected that the booming demand for AI computing power using fully autonomous IP and hardware/ software cloud services will drive telecoms' profits for the remainder of 2025 and beyond. BOCI reiterated rating at Buy for CHINA MOBILE (00941.HK), with a target price of $103.2. The broker's preference order for telecoms remains unchanged as CHINA TELECOM (00728.HK), CHINA MOBILE and CHINA UNICOM (00762.HK). AASTOCKS Financial News Website: www.aastocks.com |
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