Market Currents

• Tuesday, December 8, 2009

• 10:08 AM Research In Motion (RIMM) +2.6% after deepening its partnership with China Mobile (CHL) to offer Blackberry handsets to personal users and small businesses in China, and on plans to introduce a Blackberry running on Chinese-developed 3G technology. Until now, Blackberrys have only been available in China to large corporations. Comment!

• Monday, December 7, 2009

• 10:19 AM Research In Motion (RIMM +3.5%) moving higher after announcing a deal to distribute the Blackberry in China through Hong Kong-listed IT company Digital China. China Mobile (CHL) has offered the handsets in China since 2006, but hasn't promoted them strongly. 1 Comment

• Friday, November 13, 2009

• 07:04 AM Dell (DELL) confirms plans to enter the smartphone business, and announces partnerships with two of the world’s largest mobile operators - China Mobile (CHL) and Claro (AMX). The initial Mini 3 smartphones will be designed around the Android (GOOG) platform. Comment!

• Tuesday, October 20, 2009

• 08:19 AM China Mobile (CHL): Q3 net profit of 28.6B yuan ($4.2B), up 2.6% from 27.9B last year, short of consensus of 29.2B. Sales rose 9% to 114.1B yuan. Ebitda rose 5% to 57.8B yuan, short of 58.1B consensus. (Bloomberg) 2 Comments

• Wednesday, September 9, 2009

• 09:33 AM Symbian, the open-source mobile OS platform led by Nokia (NOK), wins a key friend after China Mobile (CHL) throws its support behind the group. Comment!

• Thursday, August 20, 2009

• 07:11 AM China Mobile (CHL): Q2 net income of 30.1B yuan ($4.4B), down from 30.6B a year ago and short of consensus of 31.1B. Sales of 111.6B yuan (+8.9%). Average monthly phone bills declined 11%. Added 15.96M customers (vs. 22.5M last year) to 493M. (PR) Comment!

• Monday, April 20, 2009

• 08:33 AM China Mobile (CHL): Q1 net income of 25.2 billion yuan ($3.69B) was up 5.2% from a year ago. Net subscriber growth cooled to 19.91M from 21.14M in Q4. Average monthly revenue plunged to 73 yuan from 83 yuan last quarter. Shares -0.4% premarket. (PR) Comment!

• Monday, April 13, 2009

• 11:27 AM China Mobile (CHL) and Dell (DELL) plan to jointly release two smartphones based on Google's (GOOG) Android OS, sources say. Comment!

• Thursday, March 19, 2009

• 08:25 AM China Mobile (CHL): Q4 net income rose 11% to 30.2B yuan ($4.4B) - its slowest growth in four years and short of analysts' 30.6B yuan estimate. Customers are cutting back: average revenue per user fell to 83 yuan/month from 89 last year. Shares -2.2% premarket. (Bloomberg) Comment!

• Wednesday, March 4, 2009

• 09:37 AM China Unicom (CHU) is in talks with Apple (AAPL) to bring the iPhone to China. China Mobile (CHL) says it may get in on the iPhone action too. Comment!

• Tuesday, January 20, 2009

• 16:52 PM New subscribers to Chinese wireless market fall short of consensus for the third-straight month, with growth now below 15% for the first time, continuing the slowdown that begain in July. China Unicom (CHU) reported (.pdf) its worst month ever, badly missing estimates. CHL -3.7%. CHA -2.5%. CHU -12.5%. Comment!

• Wednesday, January 7, 2009

• 09:18 AM Premarket losers: IBN -12%. CHU -11%. ACAS -10.5%. CTSH -8%. ALD -8%. GNK -8%. LVS -7%. AAUK -7%. AA -7%. CHL -6%. INFY -6%. EXM -6%. TWX -6%. DRYS -5%. DSX -5%. TSM -5%. RTP -5%. S -5%. PGN -5%. FCX -5%. INTC -4%. LDK -4%. ROH -4%. HIG -4%. RIO -4%. ERTS -4%. JASO -4%. MGM -4%. Comment!

• Tuesday, January 6, 2009

• 08:45 AM China Mobile (CHL) has, or will soon receive its 3G license, sources say. Licenses for China Telecom (CHA) and China Unicom (CHU) appear to be on the way too. Comment!

• Wednesday, November 26, 2008

• 09:04 AM Premarket gainers: KB +8%. PLD +7%. RMBS +6%. HLTH +5%. CHL +3%. Comment!

• Wednesday, November 5, 2008

• 13:26 PM Commodity-related blue chip stocks with enough cash to wipe out competitors are a buy, Nomura says. "Demand for commodities will continue especially bulk commodities such as iron ore and coal." It likes BHP Billiton (BHP), Rio Tinto (RTP), along with China Mobile (CHL). Comment!

• Thursday, October 30, 2008

• 08:26 AM Early premarket gainers: OI +25%. BRCD +20% FDRY +195. DB +18%. CEO +155. FSLR +15%. CS +14%. MYL +13%. NTL +13%. STD +12%. ING +12%. SOLF +12%. VIP +11%. MTG +14%. CSIQ +12%. TSL +11%. PTR +11%. ACH +11%. STP +10%. MT +10%. HBC +10%. CHL +9%. LDK +9%. DAL +9%. RTP +9%. YGE +9%. BCS +9%. ENR +9%. DRYS +8%. Comment!