Nomura Securities Reaffirms a 'Buy' on China Mobile (CHL) Post Investor Meetings

Nomura Securities reaffirms a 'Buy' on China Mobile (NYSE: CHL), price target HDK 91.

Nomura analyst, Danny Chu, said, "We hosted a number of well-attended investor meetings with China Mobile management. Discussion topics of investor interest were: 1) update of 4G network trial; 2) status of possible cooperation with Apple; 3) data usage pattern and business opportunities; and 4) capex deployment and capital management plans. We believe the company’s relative stability amidst global stock market volatility is appealing for many investors."

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 $48.95 yesterday.

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