Morgan Stanley: Maintains China Mobile Limited (00941) "Market Perform" rating, target price HK$80
China Mobile's third-quarter performance has no change to the bank's investment thesis, but it slightly missed market expectations, and the bank expects slight downward revisions to consensus EPS forecasts over the next 12 months.
Morgan Stanley released a research report maintaining a "Market Perform" rating on China Mobile Limited (00941), with the H-share target price kept at HK$80. The bank noted that China Mobile Limited's third-quarter performance has no change to its investment expectations, though it came in slightly below market consensus, and it expects market forecasts for its earnings per share to be slightly revised down over the next 12 months.
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