Movement Alert｜CHINA MOBILE Falls 3.11% in Regular Trading, Third-Quarter Earnings Miss and Sector Revenue Pressure Weigh

Market Focus10-21

On October 21, CHINA MOBILE fell 3.11% in Regular Trading, trading at HK$78.05, with turnover of HK$1.955 billion.

The move followed weaker-than-expected third-quarter results and continued caution toward the mainland telecom sector.

For the first nine months, the company reported revenue of RMB780.3 billion, down 1.8% year over year, and net profit of RMB106.2 billion, down 7.9%. In the third quarter alone, revenue was RMB242.3 billion, down 3.4%, while attributable profit fell 12% to RMB27.3 billion. Main business revenue for the first nine months declined 3.7%, and EBITDA fell 6.7% to RMB247.5 billion, with EBITDA margin narrowing to 31.7% from 33.4%.

Sector sentiment was also soft. Recent market commentary indicated mainland telecom industry revenue fell 2.2% year over year in the first eight months, with third-quarter revenue still under pressure, while China’s three major telecom operators traded lower together.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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