[ET Net News Agency, 16 August 2019] HSBC Global Research lowered its target price for
China Mobile (00941) to HK$79 from HK$81 and maintained its "buy" rating.
The research house said China Mobile's commentary at results was positive. It has less
near-term potential to share with peers due to different spectrum. HSBC suspects also that
China Mobile has the least need to share rollout, given its strong balance sheet.
However, when 5G is deployed in the spectrum that it has in common with China Unicom
(00762) and China Telecom (00728)(such as 900MHz and 2.1GHz), sharing becomes more
feasible. (KL)