China Mobile 2%uob in pursuit of HK $85

China Mobile, which followed the big city this morning, has risen 1.72% to HK $76.95 and sold 10.17 million shares.　　Dahua (UOB) issued a report saying that the purchase rating of the unit was maintained, with a target price of HK $85, which was 10% higher than the market price.　　UOB that China Mobile is a hidden consumer unit; the use of Chinese mobile has shown signs of recovery and is expected to recover further when local consumption is powered in the second half of 09. UOB said that in the past few months, telecoms operators have been losing the market because of the slowdown in overall user growth and lower profit margins as China Telecom (00728-HK) enters the mobile services market, but telecoms usage, especially mobile services, will resume growth in the coming quarters because of expected commercial activity, Economic growth and local consumption will improve. China Mobile is the best representative of this trend capitalization.