China Mobile Limited (CHL) - NYSE
  • Jul. 10, 2015, 2:15 PM
    | Jul. 10, 2015, 2:15 PM | 1 Comment
  • Jul. 7, 2015, 9:53 AM
    • A continuing rout in China is pressing the country's mobile providers.
    • In U.S. trade, China Telecom (NYSE:CHA) is off 5.6%; China Unicom (NYSE:CHU) down 4.9% and China Mobile (NYSE:CHL) down 2.9%.
    • Hong Kong's PCCW (OTCPK:PCCWY) is off 6.2% in over-the-counter trading as well.
    • The Shanghai Composite is back to a selloff despite a rash of support measures from Beijing. Several hundred companies have taken the risky move of filing for a trading halt in Shanghai and Shenzhen in an attempt to escape the downdraft.
    | Jul. 7, 2015, 9:53 AM
  • May 18, 2015, 2:39 PM
    • After closing lower in Hong Kong, China's big three wireless carriers are down in U.S. trading, giving back Friday gains after saying they'd cut data prices and boost speeds in an effort that could push migration to 4G.
    • In the U.S., China Mobile (NYSE:CHL) is down 4.1%; China Telecom (NYSE:CHA) is down 4.1% and China Unicom (NYSE:CHU) down 3.2%.
    • The state-owned firms have gotten a push from Premier Li Keqiang to expand Internet access. Leader China Mobile will cut mobile data prices by at least 35% this year; China Unicom plans cuts of 20% or more per megabyte, and China Telecom is looking at average cuts of 30%/megabyte.
    • The move means a change in short-term revenue but could raise profits depending on the migration rate to more lucrative 4G accounts and usage.
    • Previously: China mobile infrastructure spending jumped 51% in 2014 (Apr. 21 2015)
    | May 18, 2015, 2:39 PM
  • Apr. 21, 2015, 9:11 PM
    • Mobile infrastructure spending in China rose 51% last year, according to an Infonetics report, primed by "robust" TD-LTE deployments at wireless leader China Mobile (NYSE:CHL) and W-CDMA expansions at China Unicom (NYSE:CHU).
    • Those increases countered a significant capex cut by third competitor China Telecom (NYSE:CHA).
    • China Mobile in particular had a goal of raising TD-LTE rollouts from 150K TD-LTE eNodeBs to 500K, but ended the year with 720K in a next-gen push. The company has 60% of China's mobile subscribers.
    • The mobile operators added 58M subscribers in 2014 to push the total market to 1.3B subscribers.
    • Gains today: China Mobile (CHL) up 4.3%; China Telecom (CHA) up 1.5%; China Unicom (CHU) up 3%.
    • Previously: China telecoms: Providers gain again; Unicom adds 1.6M net subs (Apr. 21 2015)
    • Previously: Chinese wireless firms up on PBOC easing; China Mobile notes Q1 results (Apr. 20 2015)
    | Apr. 21, 2015, 9:11 PM
  • Apr. 21, 2015, 11:16 AM
    • Chinese telecom providers are up for a second straight day following China's stimulus.
    • In U.S. trading, China Mobile (NYSE:CHL) is up 4.6%; China Telecom (NYSE:CHA) is up 1.8%; and China Unicom (NYSE:CHU) is up 3.4%.
    • China Mobile had previously jumped 7.5% in Hong Kong, while China Unicom had gained 3.6% there.
    • In March operations, China Unicom pointed to net added mobile subscribers of 1.6M to bring its total there to 294.75M; net added fixed-line broadband subscribers of 375K to bring that total to 69.6M; and a net loss in local access subscribers of 579K to bring that total down to 80.3M.
    • China Telecom signed a deal with payments platform SmartTrans to bring financial news and info to subscribers through its "Love Finance" offering, to be promoted through mobile news, texts and WAP channels. Subscribers to that product will pay 5 yuan/month.
    • Previously: Chinese wireless firms up on PBOC easing; China Mobile notes Q1 results (Apr. 20 2015)
    | Apr. 21, 2015, 11:16 AM
  • Apr. 20, 2015, 7:35 PM
    • Chinese wireless firms jumped in U.S. trading today in reaction to new easing from China, where the central bank cut its reserve requirement ratio a percentage point to 18.5%
    • China Mobile (NYSE:CHL) gained 5.4% today and is up another 3.2% after hours; China Telecom (NYSE:CHA) closed up 4.9%; and China Unicom (NYSE:CHU) closed up 5.3% (and is up now 0.2% after hours).
    • China Unicom was among leaders among Hong Kong stocks today, trading 2.2% higher there, while China Telecom was up 2.8%.
    • China Mobile provided unaudited key indicators from its Q1, noting that while operating revenue was up 3.9% Y/Y (to 160.9B yuan) and EBITDA up 2.8% (to 59.2B yuan), net profit slipped 5.6% Y/Y to 23.8B yuan.
    • As the substitution impact of over-the-top business (including apps like Tencent's WeChat) on China Mobile's traditional business "continued to intensify, voice services and SMS and MMS services further declined," the company noted, with voice and SMS usage down 1.3% and 4.5% respectively.
    • "The Group is at a critical stage of transformation of its development," writes Chairman Xi Guohua, noting that capex and cost input continue to remain high amid heavy demand for resources from 4G construction, business development and customer retention.
    | Apr. 20, 2015, 7:35 PM
  • Apr. 8, 2015, 10:30 AM
    • China's mobile firms have ramped up considerably today in U.S. trading as regulators work toward transferring 1M cell towers to a state-backed joint venture among the three.
    • The transfer to China Tower -- the joint venture between China Mobile (CHL +6.5%), China Telecom (CHA +9%) and China Unicom (CHU +4.2%) -- should allow the three to book a steroidal 148B yuan ($23.9B) in one-time gains.
    • Details of the transfer are sketchy, but China's government plans to wrap it by Aug. 15.
    • China Mobile holds a 40% stake in China Tower, and China Unicom and China Telecom split the remaning 60%.
    | Apr. 8, 2015, 10:30 AM
  • Apr. 8, 2015, 9:12 AM
    | Apr. 8, 2015, 9:12 AM
  • Mar. 19, 2015, 12:08 PM
    • China Mobile's (NYSE:CHL) Q4 revenue fell 4.2% Y/Y to RMB160.2B ($25.7B), missing a Bloomberg consensus of RMB165.8B. With 4G investments and a mobile services VAT taking a toll, net income fell 12% to RMB26.7B ($4.29B).
    • The world's biggest carrier says it's facing "severe challenges from intensified competition," both from rivals China Unicom and Telecom, and from the "substitution effect" of OTT messaging services delivered by the likes of Tencent and Weibo.
    • Over the whole of 2014, revenue rose 1.8% to RMB641.4B, and telecom services revenue fell 1.5% to RMB581.8B. EPS fell 11% to $0.86 per ordinary share, or $4.31 per ADS.
    • Voice and SMS/MMS revenue fell 13% in 2014 to RMB343.7B; data revenue rose 43% to RMB150.6B; revenue from app/information services (faces competition from Internet firms) rose 12% to RMB64.4B.
    • China Mobile plans to cut its capex to RMB199.7B ($32.1B) in 2015 from 2014's RMB213.5B; 4G capex is expected to fall to RMB72.2B from RMB80.6B. With government pressure to slash phone subsidies continuing, sales/marketing spend is expected to fall 20%; subsidy spend fell 29% in 2014.
    • The carrier also reports it had 2.28M net subscriber adds in February, an improvement from January's 1.92M and bringing its total base to 810.8M. 3G subs rose by 1.2M to 242.2M, and 4G subs by 16.6M to 123.4M. Over 100M 4G phones were sold in 2014.
    • Earnings release (.pdf), presentation (.pdf)
    | Mar. 19, 2015, 12:08 PM
  • Mar. 16, 2015, 9:25 AM
    • China's leading telecom China Mobile (NYSE:CHL) is up 3.6% premarket in U.S. ADR trading after gaining 2.4% in Hong Kong following Premier Li Keqiang's comments that China is ready to print money if China's economy keeps slowing.
    • China Mobile ADRs have gained 8.4% YTD and are up 42% over the past 12 months.
    • Telecom peers: China Unicom (CHU +1.5%); China Telecom (NYSE:CHA).
    | Mar. 16, 2015, 9:25 AM
  • Mar. 3, 2015, 7:06 PM
    • With Mobile World Congress focusing lots of talk on the next generation of wireless radio technology -- 5G -- NTT DoCoMo (NYSE:DCM) is putting itself in the center, working with many firms in the space, in Asia and otherwise, to help define the standards and develop the tech.
    • Recently the Japanese company announced a regional consortium with South Korea's KT Corp. (NYSE:KT) and China Mobile (NYSE:CHL). The three will share information to develop custom 5G tech for Asia, in a bid to get ahead of competitors in the U.S. and Europe.
    • Today China's Huawei said it was teaming with DoCoMo for tests in both China and Japan. At MWC, Huawei announced plans to invest at least $600M on 5G research over the next three years.
    • On Monday, Nokia (NYSE:NOK) said it was working with DoCoMo to develop high-frequency networks for 5G that could offer 2 Gbps speeds by tapping previously unused spectrum.
    • DoCoMo is among the more conservative firms on 5G, expecting it to really arrive in 2020 (just in time for the Tokyo Olympics), with 2030 a target for major deployment.
    • FCC Chairman Tom Wheeler says of 5G: "It is like going to the Picasso museum here in Barcelona and looking at a picture; I’ll see something different than you see," but agreement is crystallizing around goals: speeds of up to 10 Gbps, vs. 4G's theoretical 300 Mbps; latency of 1 ms, 500 times faster than current; green and sustainable; flexible; and secure.
    | Mar. 3, 2015, 7:06 PM | 5 Comments
  • Mar. 3, 2015, 1:45 PM
    • China Unicom (NYSE:CHU) is down 5.5% as it posted Q4 income that fell 26% and missed expectations, pointing to VAT reform and playing from behind on high-speed data as headwinds.
    • Q4 revenue of 69.3B yuan (down 7%) beat expectations by 2.1B yuan. EBITDA of 20.77B yuan missed expectations by 1B yuan.
    • For the full year, net profit was up 15.8% to 12.06B yuan. Net profit was 4.9% of service revenue, up from 4.4% in 2013. Full-year revenue of 244.88B yuan was up 2.6%.
    • Full-year revenue breakouts: Mobile, 155.1B yuan (up 2.6%); fixed-line, 88.5B yuan (up 2.3%).
    • The company warned that a slowdown in user growth may persist through 2015 or even reverse into a decline, and Chairman Lu Yimin again batted down speculation about a merger with China Telecom (NYSE:CHA) to keep up with clear market leader China Mobile (NYSE:CHL).
    • China Unicom has been running behind on 4G implementation, having just received its 4G LTE FDD license and playing catch-up with China Mobile (CHL), which features 100M users.
    • Previously: Merger rumors lift U.S. shares of Chinese telecoms (Feb. 12 2015)
    • Previously: Chinese telecoms jump in Hong Kong on merger rumor (Feb. 11 2015)
    | Mar. 3, 2015, 1:45 PM
  • Feb. 27, 2015, 8:17 PM
    | Feb. 27, 2015, 8:17 PM | 2 Comments
  • Feb. 12, 2015, 12:15 PM
    • Building on last night's report about merger chatter, Chinese telecoms marked gains similar to those in Hong Kong with their ADRs on the NYSE.
    • Leader China Mobile (NYSE:CHL) is up 2.9%; China Unicom (NYSE:CHU) is up 4.2% and China Telecom (NYSE:CHA) +2.9% on the rumor that the two would merge to better compete with China Mobile.
    • China Telecom says it isn't aware of any plan to merge with China Unicom.
    • All three finished the Hong Kong market day on heavy volume with China Mobile up 3.9%; China Unicom up 4.3%, and China Telecom up 2.9% (on near quadruple volume).
    | Feb. 12, 2015, 12:15 PM | 1 Comment
  • Feb. 11, 2015, 11:46 PM
    | Feb. 11, 2015, 11:46 PM | 1 Comment
  • Feb. 4, 2015, 2:05 PM
    • In a fresh monetary easing move, the PBOC has cut its reserve requirement ratio for banks by 50 bps to 19.5%, its first cut since 2012. Many Chinese Internet and mobile stocks are posting healthy gains on a day the Nasdaq is near breakeven.
    • Carriers China Mobile (CHL +2.3%), China Unicom (CHU +4.5%), and China Telecom (CHA +1.9%) are among the gainers. As are online retailers Vipshop (VIPS +4%) and Dangdang (DANG +5.1%).
    • Other notable gainers include online video giant Youku (YOKU +3.9%), mobile game publishers Sky-mobi (MOBI +7.8%) and China Mobile Games (CMGE +2.6%), chat app/social network owner Momo (MOMO +4.1%), microblogging leader Weibo (WB +2.7%), online/mobile game developer NetEase (NTES +2.4%), online classifieds leader 58.com (WUBA +2.3%), and #2 online travel agency Qunar (QUNR +3.4%).
    • ETFs: KWEB, CQQQ, QQQC
    • Previously covered: SouFun, E-House
    | Feb. 4, 2015, 2:05 PM | 8 Comments
Company Description
China Mobile Ltd. operates as an investment holding company, which through its subsidiaries offers mobile services using the global system for mobile communications, or GSM, standard. It intend to use GSM network to primarily carry voice usage and certain data traffic from mobile phones. The... More
Sector: Technology
Industry: Wireless Communications
Country: China