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Stock Market & Financial Investment News

News Breaks
May 19, 2014
08:56 EDTCHLChina Mobile upgraded to Conviction Buy from Neutral at Goldman
Goldman upgraded China Mobile based on expectations LTE adoption on data ARPU will have increased visibility in 2H 2014 given growing smartphone penetration.
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August 21, 2015
07:45 EDTCHLChina Mobile reported strong results, says Bernstein
Bernstein believes that China Mobile's first half results were strong, as its EBITDA rose by 7.2% and its operating revenue advanced 4.9%, although its net profit dropped 0.8%. Bernstein points out that its results were negatively impacted by changes in VAT taxation and its sales and marketing model. The firm thinks that the company's Q2 results improved versus Q1. Bernstein expects the company's results to improve further going forward, and it keeps an Outperform rating on the shares.
August 20, 2015
08:33 EDTCHLChina Telecom results 'relatively strong,' says Bernstein
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