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

Rating:
Overweight
CHL
down 11.11 %

China Mobile (hong Kong) Ltd. (CHL) rated Overweight by HSBC Securities

Posted on: Monday,  Mar 12, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight China Mobile (hong Kong) Ltd. (NYSE: CHL) on 03/12/2012. Previously HSBC Securities rated Buy China Mobile (hong Kong) Ltd. (NYSE:
CHL) on 09/17/2007., when the stock price was $69.01. Since then, China Mobile (hong Kong) Ltd. has lost 11.11% as of 01/13/2016's recent price of $61.34.
If you would have followed the previous HSBC Securities's recommendation on CHL, you would have lost 11.11% of your investment in 3040 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/12/2012 8:25 AM Buy
None
56.15
as of 12/31/2012
1 Week up  1.92 %
1 Month up  3.16 %
3 Months up  6.06 %
1 YTD up  21.09 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2007 9:25 AM Buy
None
69.01

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