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<Research>HSBC Research Lowers TP for CHINA MOBILE (00941.HK) to HKD95, Maintains Buy Rating
Recommend 5 Positive 15 Negative 4 |
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HSBC Global Investment Research issued a report on CHINA MOBILE (00941.HK), which posted slightly-better-than-expected revenue and EBITDA for 4Q25, but net profit was below expectations due to the impact of a one-off VAT. 2025's capex faded 8% YoY to RMB150.9 billion, in line with guidance. Management expected capex to decline by 9.5% YoY in 2026, with computing power-related capex up 62% YoY. HSBC Research lowered its earnings forecast for CHINA MOBILE, reducing the target price for its H shares from HKD98 to HKD95, and for its A shares (600941.SH) from RMB120 to RMB112. A Buy rating was maintained for both H shares and A shares. AASTOCKS Financial News Website: www.aastocks.com |
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