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    941   HK0941009539

CHINA MOBILE LIMITED

(941)
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Hong Kong stocks rise for third day as energy, telecom firms gain

05/18/2021 | 04:32am EDT

* HK->Shanghai Connect daily quota used 100%, Shanghai->HK daily quota used 3.6%

* HSI +1.4%, HSCE +1.4%, CSI300 +0.1%

* FTSE China A50 +0.1%

May 18 (Reuters) - Hong Kong stocks climbed for a third straight session on Tuesday, buoyed by gains in energy and telecom shares, while downbeat China and U.S. data eased fears of policy tightening.

** The Hang Seng index rose 1.4%, to 28,593.81, while the China Enterprises Index also gained 1.4%, to 10,654.30, both up for the third consecutive session.

** Leading the gains, the Hang Seng energy index and the Hang Seng telecommunications index advanced 3.4% and 1.8%, respectively.

** China Mobile ended up 2.7%, after the company approved plans for a potential HK$47.08 billion ($6.06 billion) listing in Shanghai.

** "Latest economic data from China and the United States showed growth slowed to some extent, raising hopes that monetary easing could continue," said Linus Yip, chief strategist at First Shanghai Group.

** Data on Monday showed China's factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in China.

** "The increase in regional coronavirus infections, including in Japan, Taiwan and India, was in sharp contrast with good control over the coronavirus outbreak in mainland China and Hong Kong, bolstering investor confidence in stocks in the two markets," Linus added.

** On the other hand, there were also some signs of mainland investors hunting for bargains in some sectors, including in the tech sector, which had slumped due to anti-monopoly fears.

** The Hang Seng tech index added 1.5% on Tuesday, but it was still off nearly 30% from a record high hit on Feb. 18.

** China's securities regulator has approved a fresh batch of nine exchange-traded funds (ETFs) that target technology shares listed in Hong Kong, financial media Caixin reported, potentially benefiting the battered sector.

** All eyes are now on Wednesday's release of the minutes from the U.S. Federal Reserve's policy meeting last month. ($1 = 7.7649 Hong Kong dollars) (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MOBILE LIMITED -0.83% 47.85 End-of-day quote.8.26%
HANG SENG -1.32% 25935.58 Real-time Quote.-4.76%
MSCI TAIWAN (STRD) -0.74% 690.203 Real-time Quote.15.72%
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Financials
Sales 2021 799 B 124 B 124 B
Net income 2021 112 B 17 324 M 17 324 M
Net cash 2021 335 B 51 847 M 51 847 M
P/E ratio 2021 7,29x
Yield 2021 7,47%
Capitalization 814 B 126 B 126 B
EV / Sales 2021 0,60x
EV / Sales 2022 0,55x
Nbr of Employees 454 332
Free-Float 27,3%
Chart CHINA MOBILE LIMITED
Duration : Period :
China Mobile Limited Technical Analysis Chart | 941 | HK0941009539 | MarketScreener
Technical analysis trends CHINA MOBILE LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 39,78 CNY
Average target price 59,98 CNY
Spread / Average Target 50,8%
EPS Revisions
Managers and Directors
Xin Dong Chief Executive Officer & Executive Director
Rong Hua Li Chief Financial Officer & Executive Director
Jie Yang Chairman
Mo Chi Cheng Independent Non-Executive Director
Man Yiu Chow Independent Non-Executive Director
Sector and Competitors