China Mobile micro-amplitude fall but large and high quality and low price

The 4904-TW 12% bill, which has been approved by the latter shareholder, may be moving with China, which has a joint venture to sell mobile apps in mainland China, after the shock fell after the stock market opened this morning, falling 0.13% to HK $76 a half-day and 7.48 million shares.　　Daiwa issued a report saying the unit was better than the big city rating, with a 6-month target price rise from HK $81.6 to HK $88.4, equivalent to 13 times times the P/E ratio and 16% per cent premium. Daiwa, the high rate of return for China Mobile's shareholders, strong net cash positions and a huge user base means that shares deserve a valuation premium. At the same time, China Mobile has the best 3G strategy, the market for TD-SCDMA Network is very low expectations, in the second half of the launch of smart phone ophone, China Mobile can easily surprise the market in terms of boarding volume. Daiwa said China Mobile is the only Hong Kong-listed Chinese telecoms unit that is expected to achieve a positive growth in fiscal year 2009, but has a lower p/e ratio than its peers, which may have a lower profit and a higher risk of execution.