CHINA MOBILE (00941.HK) -0.050 (-0.072%) Short selling $15.14M; Ratio 2.221% 's 1Q24 revenue growth was solid, with a 5.2% YoY growth, HSBC Global Research issued a research report saying. Service revenue rose 4.5%, while EBITDA decreased 2.3%, mainly due to an increase in other operating expenses. EBITDA margin fell to 29.6% in 1Q24, from 31.8% in 1Q23.HSBC Global Research slightly lowered its revenue and EBITDA forecasts for CHINA MOBILE, cutting its EBITDA forecasts by 1.2%/ 0.7% for 2024/ 2025, respectively. HSBC Global Research also reduced its operating profit forecasts by 3.7%/ 3.2% for 2024/ 2025. HSBC Global Research kept rating on CHINA MOBILE at Buy, with a target price of $77. HSBC Global Research still believed that the Company is well positioned for growth in its data and ICT business, and expected investors to respond positively to the Company's stable cash dividend and dividend growth. HSBC Global Research also expected the Company's dividend yield to reach over 75% by 2026.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-03 16:25.)