[ET Net News Agency, 22 October 2018] Daiwa Research raised its target price for China
Mobile (00941) to HK$93.5 from HK$91.8, and maintained its "buy" rating.
The research house analysed 5 ways in which 5G could arrive in China. It concluded that
while China Mobile may not be the best way to play the sector under any given scenario,
unlike other stocks within the sector, the volatility of expected returns is also low, and
thus it offers the best risk-adjusted return profile in the sector.
Daiwa said high capex spending for 5G represents a key downside risk for China Mobile's
valuations. One such scenario assumes cumulative capex spending over 2019-23 is 13% higher
than during the 4G cycle (2014-19). (KL)
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00941 CHINA MOBILE
Nominal 
68.750 -0.100 (-0.145%) Research Report
22/10/2018 11:38
[I-bank focus]Daiwa raises China Mobile (00941) to HK$93.5
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