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<Research>CLSA: CHINA MOBILE (00941.HK) 2025 Results Weak, but Still Outperform Peers; Rating Outperform
Recommend 28 Positive 50 Negative 36 |
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CHINA MOBILE (00941.HK) posted weak 2025 results, yet still outperformed its peers, CLSA released a research report saying. Its 2025 total revenue hiked by 0.7% YoY to RMB895.5 billion. EBIT rose by 4.4% YoY to RMB148.9 billion. While mobile revenue declined, cloud revenue continued to grow, up 13% YoY. Operating expenses were strictly controlled, while depreciation remained largely flat, with capital expenditure cut. The broker quoted CHINA MOBILE's management as forecasting that 2026 capital expenditure will decrease by another 9.5%, which will support profit growth and achieve a yield of 7%, the highest among its peers. Therefore, CLSA lowered its 2026/ 2027 net profit forecasts by 3%, and kept its target price at $86/ rating at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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