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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Mobile Ltd.    0941   HK0941009539

CHINA MOBILE LTD. (0941)
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China Mobile Ltd : China's State Firms To Invest CNY350.6 Billion In Chongqing - Report

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05/20/2012 | 03:48pm CEST

A delegation of China's top state-owned enterprises have signed contracts worth CNY350.6 billion ($55.5 billion) with the southwestern city Chongqing, previously run by ousted leader Bo Xilai, the Economic Observer reported.

Thirty SOEs, including the China National Petroleum Corp. and China Mobile, inked 72 contracts with the Chongqing municipal government last week to invest in sectors such as energy and industry, according to a report posted on the newspaper's website Saturday.

"The central government's full support, at a time critical time for Chongqing's development, is especially precious," Chongqing Mayor Huang Qifan was quoted as saying.

The move shows Beijing's support for Chongqing's growth, which so far has been driven by industry and investment, after the fall of its former leader.

Newspaper website: http://www.eeo.com.cn

-By China Bureau, Dow Jones Newswires; (8610) 8400-7799; [email protected]

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Financials ( CNY)
Sales 2018 770 B
EBIT 2018 123 B
Net income 2018 116 B
Finance 2018 458 B
Yield 2018 4,72%
P/E ratio 2018 10,31
P/E ratio 2019 10,02
EV / Sales 2018 0,96x
EV / Sales 2019 0,86x
Capitalization 1 197 B
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China Mobile Ltd. Technical Analysis Chart | 0941 | HK0941009539 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 75,5  CNY
Spread / Average Target 29%
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Managers
NameTitle
Yue Li Chief Executive Officer & Executive Director
Bing Shang Chairman
Xin Dong Chief Financial Officer, Executive Director & VP
Kwong Shing Wong Independent Non-Executive Director
Mo Chi Cheng Independent Non-Executive Director
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