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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; [email protected]

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Financials ( CNY)
Sales 2017 742 852 M
EBIT 2017 124 368 M
Net income 2017 115 538 M
Finance 2017 394 207 M
Yield 2017 3,59%
P/E ratio 2017 12,90
P/E ratio 2018 12,10
EV / Sales 2017 1,49x
EV / Sales 2018 1,35x
Capitalization 1 499 331 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 94,0  CNY
Spread / Average Target 28%
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NameTitle
Yue Li Chief Executive Officer & Executive Director
Bing Shang Chairman
Xin Dong Chief Financial Officer, Executive Director & VP
Ai Li Liu Executive Director & Vice President
Kwong Shing Wong Independent Non-Executive Director
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