BofA Initiates China Mobile H-Shares with Buy Rating, Sees Attractive Entry Point and 75% Dividend Payout Ratio

Deep News10-16

Bank of America Securities has released a research report initiating coverage on China Mobile's H-shares with a "Buy" rating and a target price of HK$98, while assigning a "Neutral" rating to China Mobile Limited (600941.SH) A-shares with a target price of RMB112.

The bank said it is bullish on CHINA MOBILE (00941.HK) H-shares primarily due to three key factors: first, the company possesses China's strongest telecommunications business foundation, with a massive user base and leading network position; second, the rapid growth of AIDC and smart computing scale is driving continuous improvement in the monetization capability of artificial intelligence services and applications; third, the company has robust cash flow, a strong balance sheet, and sustainable dividends.

Bank of America Securities believes that CHINA MOBILE H-shares offer an attractive entry point, while A-share valuation is roughly reasonable. The current A/H premium stands at approximately 46%, above the average level of about 34% over the past year.

On financial forecasts, the bank expects CHINA MOBILE's earnings per share compound annual growth rate from 2026 to 2028 to be approximately 3.5%, with the dividend payout ratio maintained at 75%.

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ASIA FOCUS EQUITIES \"I\" (EUR) ACC"},"translate_title":"美国银行给予中国移动H股买入评级，认为切入点有吸引力，股息支付率高达75%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80883":1,"600941":1,"00941":1},"content_text":"Bank of America Securities has released a research report initiating coverage on China Mobile's H-shares with a \"Buy\" rating and a target price of HK$98, while assigning a \"Neutral\" rating to China Mobile Limited (600941.SH) A-shares with a target price of RMB112.The bank said it is bullish on CHINA MOBILE (00941.HK) H-shares primarily due to three key factors: first, the company possesses China's strongest telecommunications business foundation, with a massive user base and leading network position; second, the rapid growth of AIDC and smart computing scale is driving continuous improvement in the monetization capability of artificial intelligence services and applications; third, the company has robust cash flow, a strong balance sheet, and sustainable dividends.Bank of America Securities believes that CHINA MOBILE H-shares offer an attractive entry point, while A-share valuation is roughly reasonable. 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