China Mobile ADR (CHL)

[mpeppy]

slow ride, take it easy...

[mpeppy]

a break and hold of 53 targets 70 dollars.

[mpeppy]

it is time for this board to rise and shine IMHO. hello hello.
money coming in, interest rates so low, got to make a return, price is going up. earnings are going to go up.

[mpeppy]

hello,
this board is going to wake up. Let's see if chl gets above 50 above 54 the board should awaken.

[mpeppy]

I keep watching this stock, the consolidation it has been having for two years to see if it can break out again. The other day I saw chl has more subscribers than the USA has people.
price has consolidated in a twenty point range for two years, if it break out it looks like 53 could be the point of break out and it looks to me like 70 could target, if it ever moves.
Maybe wishful thinking.

[nicmar]

mpeppy. .. How do you figure. Looks to me like the stock has already popped. .. mo.. nic

[mpeppy]

no one posting, the stock dead. it looks like it wants to pop into earnings.

[nole92]

In light of the recent notice of China Unicom accounting practices, I thought I would review the big 3 telecom's Account Payable starting with China Mobile (CHL).

China Mobile's Accounts Payable end of 2010 was $112 billion RMB ($17 billion USD).

From China Mobile's 2010 EOY financials (link):

Revenue: $485 billion RMB ($74.6 billion USD)
Expenses: $334 billion RMB ($51.4 billion USD)
Net Income: $120 billion RMB ($18.5 billion USD)



Here is a further breakdown of 'Other operating expenses':


Below is China Mobile's balance sheet showing:

Accounts Payable: $112 billion RMB ($17 billion USD)
Accrued expenses and other payables: $86 billion RMB ($13.2 billion USD)
Total liabilities: $256 billion RMB ($39.4 billion USD)

Accounts Payable are suppliers’ invoices, while other payables are usually wages, interest, utilities and other general business expenses.

Accounts Receivable: $7.6 billion RMB ($1.2 billion USD)
(Just to point out the great disparity between ARs and APs.)


$112 billion RMB of Accounts Payable and they go on to say that $88.5 billion RMB ($13.6 billion USD) is 'Due within 1 month or on demand':


China Mobile always reports high AP, so if they were paying their bills on time, you would take $88.5 billion RMB and multiply by 12 and end up with $1.1 trillion RMB ($163 billion USD). That would be many times more than annual cost of goods.

It appears that China Mobile is up to a year past due on all of their Accounts Payable and explains why TSTC, COBJF.PK, GRFE, etc. have Accounts Receivable problems. I will take a look at China Unicom and China Telecom next.

[*MARINE 1*]

China Mobile Ltd. (CHL), the world's biggest mobile operator by subscribers, said Wednesday it is in talks to buy a stake in medium-sized lender Shanghai Pudong Development Bank Co. (600000.SH) in a potential deal that could lead to its first major investment outside of its core mobile business and help it to expand into mobile e-commerce.

China Mobile, which has said mobile payments will be a key area for development, would be joining many telecommunications operators in developed markets such as Japan and Korea that have agreements with banks to offer such services via cellphones as a way to generate additional revenue. For Shanghai Pudong Development Bank, in which Citigroup Inc. (C) owns a 3.4% stake, the deal would help the firm meet stricter capital requirements.

"We are likely to reach an agreement with Shanghai Pudong Bank very soon," China Mobile Chairman Wang Jianzhou told reporters during a teleconference. "In our push into the mobile e-commerce business, we need to cooperate with banks. Shanghai Pudong Development bank has the scale that is right for us, and their current share price is also reasonable."

Wang said the two companies have agreed on the stake size that China Mobile would buy, but other details are being ironed out.

In an earlier statement to the Hong Kong Stock Exchange, China Mobile said it began preliminary discussions with Shanghai Pudong Development Bank for the subscription of new shares in the bank, and is also exploring a potential strategic cooperation. China Mobile didn't specify what the cooperation might entail.

The official Xinhua News Agency reported last month that turnover from China's mobile payment market will likely rise to CNY2.85 billion this year from CNY1.97 billion last year, and the user base may expand to 150 million by the end of this year, from 82.5 million at the end of 2009.

Wang said while there are no other investment targets for now, the telecom operator isn't ruling out cooperation with other banks.

Shanghai Pudong Bank didn't have immediate comment on the talks and said it would issue a statement later Wednesday. If new shares are issued, Citigroup's 3.4% stake in the Shanghai bank would be diluted. A Citigroup representative couldn't immediately be reached for comment.

News of the talks comes after the Shanghai bank suspended trading of its shares Friday, saying it planned to introduce a strategic investor. It said it would disclose the relevant information by March 4. Shares of the bank closed up 5.5% at CNY20.74 Thursday.

Guotai Junan Securities said in a note last week that Shanghai Pudong Development Bank planned to sell CNY40 billion worth of new shares, representing 20% of its enlarged capital, to China Mobile in a share placement. The research note didn't specify the source.

A CNY40 billion private placement would boost the Chinese bank's core capital adequacy ratio to more than 10% from 6.76% at the end of September, and its overall capital adequacy ratio to near 14% from 10.16%, said Wu Yonggang, the author of the note. "That will ensure steady and rapid business growth for the bank in the next three years," he said.

Currently, China's banking authority requires banks to maintain a capital adequacy ratio of at least 10%, up from 8% before the onset of the global financial crisis, and banks with a national presence, including Shanghai Pudong Development Bank, must keep their core capital adequacy ratios above 7%, up from 4% previously.

Chinese regulators have pressured banks to boost their capital adequacy ratios--the amount of capital they must hold against their loans--amid fears of a return to the bad-loan levels at the start of the last decade, when a similar loose monetary policy that was aimed at combating the effects of the Asian Financial Crisis in the late 1990s left its banks with high levels of bad loans.

-By Aries Poon and Rose Yu, Dow Jones Newswires; 8621-6120-1200; [e-mail]

(Yvonne Lee in Hong Kong contributed to this article.)

[*MARINE 1*]

Dell said Friday that it's ready to enter the smartphone business with the Android-based Mini 3.

Long rumored to have such a device in the works, Dell said that the first two carriers to sell the Mini 3 will be China Mobile and Brazil's Claro.

[*MARINE 1*]

China Mobile aims cheap smartphones to boost 3G


http://www.ciol.com/Global-News/News-Reports/China-Mobile-aims-cheap-smartphones-to-boost-3G/11909124906/0/

[*MARINE 1*]

Back to 40's?

[*MARINE 1*]

Nice find Dan. Glad to see you're still sticking around. I was about to send you a PM but I bug you guys enough,lol.

"China is the sleeping giant." Apple better get on the move.

[IH Dan (Retired)]

Nice pop. I think it was getting a little oversold considering the potential.

http://www.forbes.com/2008/07/16/google-android-iphone-tech-wire-cx_ew_0716android.html?partner=msn

China Mobile (nyse: CHL - news - people ), China's leading operator with 376 million subscribers, is also an OHA member. That's one major reason Guan predicts Android will debut in China in 2009. Apple is said to still be in talks with China Mobile regarding an iPhone launch.

[*MARINE 1*]

Real movement today!!!

[*MARINE 1*]

CHL on the move again!!!

[*MARINE 1*]

lol, I just happened to be here when the post popped up.
This has been rolling since March. I thought you would still be on the look out :) Kudos Dan:)

[IH Dan (Retired)]

Amazing growth.

http://www.chinamobileltd.com/ir.php?menu=11

As of Feb 29, 2008

Total Subscribers

Number of Subscribers 384,354,000

Net Addition of Subscribers for the Reporting Month 7,971,000

Cumulative Net Addition of Subscribers for 2008 15,015,000

I read that they averaged 5 1/2 million new subscribers each month over 2007.

[99Dan]

Watching and waiting patiently.

:)

[*MARINE 1*]

Hope you're watching bud?

:):)

[*MARINE 1*]

edit.....

Keep whatching, CHU will push CHL IMO

[*MARINE 1*]

People,if you aint paying attention, sorry:)

Things are heating up for China Mobile.

[*MARINE 1*]

74.14 at close for a $1.75 increase ...........good showing.............AM is taking it down, is it for another set up?

[*MARINE 1*]

Give it a little bit ..............it'll catch on.
I had to drop it this morning once it started to play funny but it's still on my radar. $110.00 sounds good though

Thanks for sharing Dan:)

[99Dan]

Zacks Analyst Blog Highlights: China Mobile, China Unicom, Brasil Telecom and Telemar.

February 6, 2008 6:48 AM ET

Here are highlights from Monday's Analyst Blog:

Target $110 on China Mobile

Expansion initiatives by China Mobile CHL into rural regions of China, effective network optimization strategies and the introduction of customized mobile value-added services to suit the needs of different market segments enabled the company to deliver encouraging financial results. China Mobile currently services over 66% of total wireless subscribers in China, far ahead of its closet rival China Unicom CHU.

Given the low level of mobile penetration in this market, there still remains significant growth potential for the company. Furthermore, the Chinese market is expected to see the launch of 3G mobile services (TDSCDMA) before the 2008 Olympics in Beijing. This may open up new sources of revenue.

We therefore reiterate our Buy rating and the same valuation target for China Mobile in line with expectations of continued subscriber retention and launches of new revenue-generating services. We therefore maintain our Buy rating and raised our six-month target price to $110, which is based on a reasonable 35x P/E multiple to our fiscal 2008 earnings estimates, as growth rates in China continue to remain well above the worldwide averages.



http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20080206&ID=8146321&Symbol=CHL

[*MARINE 1*]

China Mobile............. rolling thunder of the week!!!!!

[99Dan]

Apple, China Mobile Discuss China IPhone

HONG KONG (AP) - China Mobile Ltd. is in talks with Apple Inc. about bringing the iPhone to China, but no agreement has been reached yet, the telecom's chief executive said Tuesday.

The companies still need to iron out their differences over revenue sharing, Wang Jianzhou told reporters on the sidelines of the GSMA Mobile Asia Congress in the Chinese territory of Macau.

Apple launched its iPhone in the U.S. earlier this year. The Cupertino, Calif.-based company has plans to launch the device in Asia in 2008 and is in talks with various operators in the region.

China Mobile is China's largest cell-phone carrier.

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20071113&ID=7802258&Symbol=CHL

[99Dan]

China Mobile intraday

[99Dan]

I am holding my CHL for the long term. I expect the stock to be somewhat higher before the end of the year.

If I was thinking of buying it I would probably wait for it to dip into the mid 70's before buying it. There may be a good entry point within the next few weeks.

Read some financial highlights here.
http://www.chinamobileltd.com/

Financial Review here.
http://www.chinamobileltd.com/op.php?menu=4

Good luck.

[IPO$]

What do you recommend?

[99Dan]

CHL has been performing great for the last year or so. Today's gain of 5.61% was phenomenal but the company claims they don't know the reason for the jump.

UNUSUAL PRICE AND VOLUME MOVEMENTS
This statement is made by China Mobile Limited (the ‘‘Company’’) at the request of The Stock
Exchange of Hong Kong Limited.

We have noted the increase in the price and trading volume of the shares of the Company today and
wish to state that we are not aware of any reasons of such increase.

We also confirm that there are no negotiations or agreements relating to intended acquisitions or
realisations which are discloseable under Rule 13.23 of the

Rules Governing the Listing of Securities
on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’), neither is the board of directors
of the Company (the ‘‘Board’’) aware of any matter discloseable under the general obligation imposed
by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.

Made by the order of the Board, the directors of which individually and jointly accept responsibility for
the accuracy of this statement.

By Order of the Board
China Mobile Limited
Wong Wai Lan, Grace
Company Secretary

Hong Kong, 27 September 2007