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<Research>UBS Downgrades CHINA MOBILE (00941.HK) to Neutral, Trims TP to $81 on Lack of Catalysts
Recommend 16 Positive 29 Negative 19 |
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The upside potential for CHINA MOBILE (00941.HK) is limited due to a lack of revaluation catalysts, UBS published a research report saying. Therefore, the broker trimmed its target price from $100 to $81, and downgraded CHINA MOBILE from Buy to Neutral. Despite the Chinese telecom operators' commitment to dividend distribution and ongoing cost control, the internet giants' lead in AI capabilities and continued gain of cloud market share, coupled with pressure on traditional telecom businesses amid the macroeconomic environment, suggest limited upside room for its share price, the report noted. Based on an projected 2026 dividend yield of 7-8% and an earnings CAGR outlook at the low single digit, CHINA MOBILE is unlikely to generate excess returns. AASTOCKS Financial News Website: www.aastocks.com |
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