China Mobile Limited: A Stalwart With Solid Market Position

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About: China Mobile Limited (CHL)
by: ThreeThree Capital Research
This article is exclusive for subscribers.
ThreeThree Capital Research
Long/short equity, value, Growth
Summary

China Mobile Limited is a giant stalwart with operations in mainland China, qualifying it as one of the largest telecom companies in the world.

Even with its sheer size, China Mobile Limited has managed to grow its revenue by 7-8% annually.

Its expansion into emerging businesses of IoT and cloud computing provides a promising new source of growth.

The high dividend yield of 4.14% and low ~11xP/E provide steady dividend income and a relatively low valuation.

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