GO
| HSI1 | 24,448.95 | -32.91 | 173.71B |
| HSCEI1 | 8,260.15 | -13.95 | 54.80B |
| Back Zoom + Zoom - Block Traded | |
|
2026-11-09 11:50:36 BofA Securities published a research report on CHINA MOBILE (00941.HK), which held its 2026 Mobile Network Conference in Guangzhou from November 5 to 7, marking a an evident pivot toward integrated infrastructure covering communications, computing power and intelligence, with AI infrastructure becoming a clear investment priority. The broker said CHINA MOBILE expects total procurement and investment to surpass RMB500 billion by 2027, including more than RMB100 billion in computing power investment and more than RMB100 billion in terminal procurement. However, the broker emphasized that the RMB100 billion AI infrastructure plan represents a broader investment/procurement concept and should not be directly compared with listed companies' capex. CHINA MOBILE's total capex for 2025 was RMB151 billion, with guidance indicating a slight increase through 2030. The broker maintained a Buy rating and HKD98 TP on CHINA MOBILE (00941.HK) H shares, while maintaining a Neutral rating and RMB112 TP on CHINA MOBILE (600941.SH) A shares, citing reasonable A-share valuation. The current A/H premium is about 50%, above the average 34% over the past year. ~ AASTOCKS Financial News Website: www.aastocks.com | |