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BofAS Initiates Buy on CHINA MOBILE (00941.HK) with TP at HKD98
2026-10-16 10:48:39
BofA Securities published a research report initiating coverage on CHINA MOBILE (00941.HK) H shares with a Buy rating and a TP of HKD98. It also assigned a Neutral rating to CHINA MOBILE (600941.SH) A shares with a TP of RMB112.

The broker is positive on CHINA MOBILE (00941.HK) H shares due to (1) its strongest telecommunications business foundation in China, backed by a massive subscriber base and leading network position; (2) rapid growth in AIDC and intelligent computing scale, alongside improving monetization capability for artificial intelligence services and applications; and (3) stable cash flow, a strong balance sheet and sustainable dividends. The broker believes CHINA MOBILE (00941.HK) offers an attractive entry point, while the valuation of its A shares is broadly reasonable. The current A/H premium is around 46%, above the average of about 34% over the past year. The broker expects the company's EPS CAGR for 2026-28 to be approximately 3.5%, with the payout ratio maintained at 75%. (sl/ad)~

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.