[ET Net News Agency, 11 August 2017] Deutsche Bank raised its target price for China
Mobile (CM)(00941) to HK$114 from HK$110, and maintained its "buy" rating.
The research house sees significant potential upside to CM's share price after the
FY2017 results, with CM still trading below regional incumbents and the increase in
shareholder friendliness being likely to unlock the discount being placed on CM's vast
cash pile, despite the recent re-rating.
DB now expects another HK$3.20/share in special dividend to be paid at the 1H 2018
results as the RMB53bn in cash is received from the TowerCo, which will keep CM's dividend
yield at 7-8% over the next two years. Business momentum is also strong and given
management's comments on 5G capex and data monetization, the operational outlook appears
favorable. (KL)
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00941 CHINA MOBILE
Nominal 
71.050 +0.250 (+0.353%) Research Report
11/08/2017 17:39
[I-bank focus]DB raises China Mobile (00941) to HK$114
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