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China Mobile (hong Kong) Ltd. (CHL) [hlAlert]

Rating:
Underperform
CHL
down 9.19 %

China Mobile (hong Kong) Ltd. (CHL) rated Underperform by BofA/Merrill

Posted on: Thursday,  Oct 3, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform China Mobile (hong Kong) Ltd. (NYSE: CHL) on 10/03/2013, when the stock price was $55.70.
Since then, China Mobile (hong Kong) Ltd. has gained 10.13% as of 01/13/2016's recent price of $61.34.
If you would have followed this BofA/Merrill's recommendation on CHL, you would have lost 9.19% of your investment in 832 days.

China Mobile Limited is engaged in mobile telecommunications services principally using the global system for mobile communications (GSM), standard. Its GSM networks reach all cities and counties, and roads and highways, as well as a substantial part of rural areas, throughout Mainland China and, through the network of Hong Kong Mobile, a substantial part of Hong Kong. On January 7, 2009, the Company started to offer mobile telecommunications services using the time division-synchronous code division multiple access (TD-SCDMA) standard. It operates its third generation (3G) business based on a core mobile telecommunications network that is shared by both its second generation (2G) and 3G businesses and TD-SCDMA wireless network capacity leased from China Mobile Communications Corporation (CMCC). As of May 31, 2009, the Company?s total number of subscribers reached approximately 488.1 million.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/3/2013 8:25 AM Sell
None
55.70
as of 12/13/2013
1 Week up  5.14 %
1 Month down  -1.02 %
3 Months up  6.30 %
1 YTD up  6.30 %

(*) Stock Price at the time of the recommendation.
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