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<Research>Deutsche Bank Elevates CHINA MOBILE (00941.HK) TP to $105, Keeps Rating at Buy
Recommend 21 Positive 41 Negative 12 |
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Deutsche Bank issued a research report elevating its target price for CHINA MOBILE (00941.HK) from $90 to $105, with rating kept at Buy. CHINA MOBILE's 2024 dividend payout ratio was 73%, and the Company planned to further increase it to over 75% by 2026. As the cost of 5G deployment fades, capital expenditure was low and is expected to be further reduced, helping to boost profitability and free cash flow. The Company's advancement into AI-related growth areas offers upside potential and could benefit from an asset re-rating. AAStocks Financial News |
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