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

Rating:
Buy CHL
down 21.12 %

China Mobile (hong Kong) Ltd. (CHL) rated Buy with price target $101 by Davenport

Posted on: Tuesday,  Jan 15, 2008  1:25 PM ET by Davenport

Davenport rated Buy China Mobile (hong Kong) Ltd. (NYSE: CHL) on 01/15/2008, when the stock price was $77.77.
Since then, China Mobile (hong Kong) Ltd. has lost 21.13% as of 01/13/2016's recent price of $61.34.
If you would have followed this Davenport's recommendation on CHL, you would have lost 21.12% of your investment in 2920 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2008 1:25 PM Buy
None
77.77 101.00
as of 12/24/2008
1 Week down  -5.54 %
1 Month up  4.78 %
3 Months up  0.80 %
1 YTD down  -38.91 %

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