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<Research>Citi Keeps Buy on CHINA MOBILE; Optimistic About 6%+ Div. Yield
Recommend 28 Positive 37 Negative 21 |
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CHINA MOBILE (00941.HK)'s 2Q25 revenue dropped by 1% YoY to RMB280 billion, 3% below market expectations, according to a Citi research report. During the period, the company's EBITDA increased by 1% YoY to RMB105 billion, also 1% shy of market expectations, while its depreciation expenses fell by 2% YoY to RMB47 billion. Supported by cost control and reduced depreciation expenses, its net profit grew by 6% YoY to RMB54 billion, exceeding market expectations by 2%. In 1H25, CHINA MOBILE's dividend swelled by 6% YoY to HKD2.75 per share, with the payout ratio rising by 1 ppt to 64%. Upbeat about its dividend yield exceeding 6%, Citi kept a Buy rating on the company, considering it a defensive name with a high dividend yield. AAStocks Financial News |
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