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China Mobile drops 1% but Nomura refers to valuation attraction reiterates buying

Source: Internet
Author: User
Keywords China Mobile Hong Kong dollar current price
Tags broadband broadband services demand help higher higher than mobile mobile phone
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China Mobile, which weakened with the city this morning, has fallen 0.96% to HK $77.05 and sold 2.03 million shares. Nomura issued a report saying it maintained the buying rating of the unit, but said the target price of HK $81 remains to be reviewed. The value of China Mobile, which is equivalent to 11.1 times times the 2009 earnings ratio and less than two other mainland mobile shares, looks attractive. TD-SCDMA Mobile phone varieties and average prices are higher than a year ago, should help China Mobile in the domestic promotion of its services. And because TD mobile phone problem will not be resolved in the short term, TD Netbook can meet some people's demand for wireless broadband services

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