Earnings Alerts

China Mobile (941) Earnings: 1H Operating Revenue Aligns with Estimates

  • China Mobile‘s operating revenue for the first half of 2024 is 546.74 billion yuan, close to the estimated 549.08 billion yuan.
  • The company reported a net income of 80.20 billion yuan.
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stands at 182.27 billion yuan.
  • The interim dividend per share is HK$2.60.
  • China Mobile‘s EBITDA margin is 33.3%.
  • Capital expenditure for the period is 64.0 billion yuan.
  • Telecommunications services generated revenue of 463.59 billion yuan.
  • Voice services revenue amounted to 36.28 billion yuan.
  • SMS & MMS services brought in revenue of 16.23 billion yuan.
  • Wireless data traffic services resulted in revenue of 205.06 billion yuan.
  • Wireline broadband services generated 62.97 billion yuan in revenue.
  • Applications & information services contributed 129.01 billion yuan in revenue.
  • Other services accounted for 14.05 billion yuan in revenue.
  • Revenue from products & other sources totaled 83.16 billion yuan.
  • In the second quarter, mobile subscriptions reached 1.00 billion.
  • Analysts’ ratings: 24 buys, 0 holds, 0 sells.

China Mobile on Smartkarma

On Smartkarma, independent analyst Travis Lundy shared insights on China Mobile, expressing a bullish sentiment towards State-Owned Enterprises (SOEs) like Mobile. Lundy’s research highlighted both H-shares and A-shares showing positive trends, with A-shares outperforming over a four-day period. The A/H premium tracker discussed in the report provides detailed tables and measures to monitor premium positioning, guiding investors on southbound and northbound flows. Lundy emphasized the importance of watching the SOE stock price performance and recommended avoiding short positions on SOEs versus Private companies, noting the potential for gains given the significant cash reserves held by some SOEs.

In another report by Travis Lundy on Smartkarma, the focus was on Hong Kong Connect Southbound flows regarding China Mobile. The analysis revealed net buying activities before the Chinese New Year holiday, particularly in High Div SOEs while Information Technology stocks were being sold. Despite a challenging week for HK and Chinese shares, the report noted positive net SOUTHBOUND buying of HK$4.0bn in the lead-up to the holiday. Notably, there was a tendency to sell stocks that had dropped significantly and buy those that had been performing well, indicating investors’ strategic moves amidst market fluctuations.


A look at China Mobile Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Mobile Limited, a leading telecommunications company, is positioned favorably for long-term growth based on its Smartkarma Smart Scores. With solid scores in dividend yield, growth potential, resilience, and strong momentum, China Mobile demonstrates stability and robust performance across key factors. The company’s focus on providing telecommunication services, including wireline voice, broadband, and roaming, underscores its commitment to meeting customer needs and adapting to evolving market demands.

Investors considering China Mobile may find its overall outlook promising, given the company’s consistent performance metrics across various key indicators. With above-average scores in growth, resilience, and momentum, China Mobile appears well-positioned to capitalize on opportunities in the telecommunications sector. Additionally, its solid dividend score reflects a commitment to rewarding shareholders, enhancing the overall investment attractiveness of the company.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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