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<Research>BOCI Expects CHINA MOBILE's Acquisition to Integrate Mkt; TP Kept HKD88.3
Recommend 30 Positive 59 Negative 33 |
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CHINA MOBILE (00941.HK) plans to acquire a 14.44% stake in HKBN (01310.HK) for around HKD1.08 billion to add its total shareholding to 29.9%, according to BOCI's research report. In the broker's opinion, this move will sharpen CHINA MOBILE's competitiveness in the high-margin broadband market, along with the expansion of corporate and residential services. Expanding the fiber backbone network will also support the company's cross-border cloud services and AI deployment, promoting Hong Kong as a future international computing power hub. BOCI reiterated a Buy rating on CHINA MOBILE and kept its target price at HKD88.3. AAStocks Financial News |
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