SEHK:941Wireless Telecom
China Mobile (SEHK:941) Stock Faces Margin Strain Despite Strong Profit Engine
China Mobile stock closed at HK$82.05 on Friday after a muted few months, with the 90 day return slightly in decline. The price barely hints at what Q2 actually showed. Revenue reached ¥271,557m and net income came in at ¥49,592m, pointing to a telecom giant that is still throwing off substantial profit even as sector competition stays intense.
The immediate trade is only part of the story. With a trailing P/E of 11.6x and a dividend yield of 6.42%, the real debate now is how long term...