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<Research>DBS Lifts CHINA MOBILE (00941.HK) TP to $110 on Attractive Div. Yield/ Defensive Play
Recommend 41 Positive 58 Negative 22 |
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DBS Group Research issued a research report predicting that CHINA MOBILE (00941.HK)'s FY2025 revenue/ profit will grow by 3%/ 4% YoY each, driven by robust digital transformation business. DPS is expected to be further increased, with the payout ratio hiking from 73% in FY2024 to 75% in FY2026. Driven by cloud revenue expansion, the broker forecasted FY2024-FY2027 earnings CAGR to be 6%. Due to its defensive characteristics and attractive yield of approx. 6%, DBS Group Research kept rating at Buy, and lifted its target price from $98 to $110, equivalent to a projected 2025 PE ratio of 15x. AASTOCKS Financial News Website: www.aastocks.com |
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