New Street: China Mobile: Upgrade from Reduce to Buy, price target HK $ 56, +16%
Our upgrade is not purely a valuation call, although valuation plays a large part in it. But we see three things, other than the collapse in the share price, which have reduced risk to owning the stock, which we detail in the note.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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