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

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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; djnews.beijing@dowjones.com

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Financials ( CNY)
Sales 2016 713 475 M
EBIT 2016 116 250 M
Net income 2016 107 145 M
Finance 2016 232 691 M
Yield 2016 2,84%
P/E ratio 2016 15,30
P/E ratio 2017 13,92
EV / Sales 2016 1,99x
EV / Sales 2017 1,88x
Capitalization 1 651 382 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 97,1  CNY
Spread / Average Target 20%
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Managers
NameTitle
Yue Li Chief Executive Officer & Executive Director
Bing Shang Chairman
Tao Hai Xue Chief Financial Officer, Executive Director & VP
Ai Li Liu Executive Director & Vice President
Kwong Shing Wong Independent Non-Executive Director
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