26-06-2011, 07:23 PM
This company had phenomenal performance for the past few years. Growing at about 30% per year, before stagnating recently as the mobile market becomes more saturated. Trading now at 10x PE with 4% dividend.
Recently, China mobile acquired a bank, claiming that it will compliment its mobile payment business.
Anyone has knowledge on this company? I'm interested to know if they can expand like Vodafone to other countries. As China become stronger in terms of economy and global presence, would this company also benefit from China's influence?
Hope to hear your views!
China Mobile Limited provides a range of mobile telecommunications services in 31 provinces, autonomous regions and directly-administered municipalities in the People’s Republic of China, as well as in the Hong Kong Special Administrative Region of the People’s Republic of China. As of March 31, 2011, its total number of customers was approximately 600.8 million. As of March 31, 2011, China Mobile Communications Corporation (CMCC) owned 74.2% equity interest in the Company. It offers mobile telecommunications services using the Global System for Mobile Communications (GSM). Its businesses consist of voice business and value-added business. In March 2011, the Company, through its wholly owned subsidiary, China Mobile Communication Co., Ltd. (CMC), acquired from CMCC, ZTE, Eastern Communications Co., Ltd., Beijing Digital China Limited, Ningbo Bird Co., Ltd. and Shenzhen Huawei Investment & Holding Co., Ltd.
Recently, China mobile acquired a bank, claiming that it will compliment its mobile payment business.
Anyone has knowledge on this company? I'm interested to know if they can expand like Vodafone to other countries. As China become stronger in terms of economy and global presence, would this company also benefit from China's influence?
Hope to hear your views!
China Mobile Limited provides a range of mobile telecommunications services in 31 provinces, autonomous regions and directly-administered municipalities in the People’s Republic of China, as well as in the Hong Kong Special Administrative Region of the People’s Republic of China. As of March 31, 2011, its total number of customers was approximately 600.8 million. As of March 31, 2011, China Mobile Communications Corporation (CMCC) owned 74.2% equity interest in the Company. It offers mobile telecommunications services using the Global System for Mobile Communications (GSM). Its businesses consist of voice business and value-added business. In March 2011, the Company, through its wholly owned subsidiary, China Mobile Communication Co., Ltd. (CMC), acquired from CMCC, ZTE, Eastern Communications Co., Ltd., Beijing Digital China Limited, Ningbo Bird Co., Ltd. and Shenzhen Huawei Investment & Holding Co., Ltd.