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China Mobile drops 4% but Goldman Sachs material is the most resilient

Source: Internet
Author: User
Keywords Telecom China Mobile Hong Kong dollar morning morning
Tags high index list market mobile notable stock stocks
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China Mobile, which had a slight concussion in the morning market, expanded in the afternoon, with shares now down 3.99% to HK $77.1, trading 44.83 million shares. Goldman Sachs issued a report saying it had moved the unit out of its trust-buying list, as it reached a 12-month target price of HK $79. But Goldman Sachs is still relatively bullish on Chinese telecoms stocks because of its low valuations and the notable loss this year of the MSCI China Index. Telecommunications stocks are expected to outperform the market, China Mobile's most resilient, because the stock of liquidity, in the stock index of high weight and backward trend.

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