June 15, 2016 11:57 AM | 1 min read |
Telecommunication investors looking to diversify their holdings away from U.S-based companies should take a closer look at Chinese companies, according to Bin Liu of Citi.In a report published Wednesday, Liu argued that China's fixed broadband market should "grow rapidly" over the coming years. He suggested that Chinese broadband subscribers will reach 387 million by 2018, representing a penetration rate of 72 percent, up from 56 percent in 2015.Liu added that
China Mobile Ltd. (ADR)
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
(NYSE: CHL) is expected to increase its share of broadband subscribers from 19 percent in 2015 to 25 percent in 2018, wih fixed broadband revenue accounting for 5.7 percent of its total service revenue, marking an increase from 3.1 percent in 2015. As such, the company was named his top pick within China's telecommunications pace.Liu continued that China Mobile will show faster revenue growth compared to its rivals in the coming years which will be driven by mobile data growth and broadband and high-end user market share gains. The company also boasts a superior 4G smartphone supply and quality of its network.China Mobile will also benefit from its operational efficiency, brand name and cost discipline - all of which will result in improved margins and a greater EBITDA.Liu rates
China Mobile's Hong Kong-listed stock with a Buy rating and HK$117 price target.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.