Nomura Securities Maintains a 'Neutral' on China Mobile (CHL); Net Profit Falls Short
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Price: $55.32 +0.69%
Rating Summary:
6 Buy, 6 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade CHL Now!
Nomura Securities maintains a 'Neutral' on China Mobile (NYSE: CHL).
Analyst, Danny Chu, said, "China Mobile’s 1H net profit came in 2% below consensus expectations. We believe the miss on EBITDA could raise eyebrows among investors. To further accelerate 2G subscribers onto the 3G platform, China Mobile has revised up its handset subsidy guidance. We believe the 3.9% yield and global market volatility may keep some yield-conscious investors in the stock. Potential catalysts include: 1) higher monthly net adds, 2) sharper MOU recovery, 3) stable EBITDA margin, and 4) higher take-up rates of 3G services. Our DCF valuation is based on 10 years of FCF, discounted back to December 2012."
For an analyst ratings summary and ratings history on China Mobile click here. For more ratings news on China Mobile click here.
Shares of China Mobile closed at $54.74 yesterday, with a 52 week range of $46.26-$59.45.
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Analyst, Danny Chu, said, "China Mobile’s 1H net profit came in 2% below consensus expectations. We believe the miss on EBITDA could raise eyebrows among investors. To further accelerate 2G subscribers onto the 3G platform, China Mobile has revised up its handset subsidy guidance. We believe the 3.9% yield and global market volatility may keep some yield-conscious investors in the stock. Potential catalysts include: 1) higher monthly net adds, 2) sharper MOU recovery, 3) stable EBITDA margin, and 4) higher take-up rates of 3G services. Our DCF valuation is based on 10 years of FCF, discounted back to December 2012."
For an analyst ratings summary and ratings history on China Mobile click here. For more ratings news on China Mobile click here.
Shares of China Mobile closed at $54.74 yesterday, with a 52 week range of $46.26-$59.45.
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