China Mobile Limited
Most Recent
ConsumerGoogle Wins Big Client after Taking SAP, Oracle Veterans
Google has won a chunk of Vodafone’s cloud computing business. Vodafone is the world’s second-largest mobile operator by subscribers after China Mobile.
Company & Industry OverviewsTelecom Trends to Watch: 5G, AI, Cloud, and IoT
The global telecom industry is undergoing a rapid transformation, especially with the advent of 5G technology. We look at the telecom space’s key trends.
Company & Industry OverviewsQualcomm-Tencent Deal Signals Big Opportunity in China
Qualcomm and Tencent, two giants in their respective industries, have entered into a broad partnership focused on gaming technology.
Company & Industry OverviewsHere’s a Glimpse of What Ericsson Is Pursuing in China
Ericsson (ERIC) expects Chinese operators to begin deploying 5G networks in the coming months, executives said at an investor briefing recently.
Company & Industry OverviewsEricsson Is Building 5G Network for South Korea’s Top Operator
Ericsson (ERIC) continues to win 5G contracts from top operators.
Company & Industry OverviewsWhat Is iQiyi after with China Unicom Deal?
iQiyi (IQ) will collaborate with China Unicom (CHU) to develop virtual reality (or VR) products.
Company & Industry OverviewsWhy Ericsson Is Waging a Price War in China
Ericsson (ERIC) appears to be waging a price war against its competitors in China as it seeks to expand its foothold in the country.
Company & Industry OverviewsWhat’s behind Ericsson’s Huge Interest in China?
China is a top priority market for Ericsson (ERIC).
Company & Industry OverviewsFinnish Government Buys More Nokia Stock
The government of Finland has been quietly building its holding in Nokia (NOK).
Company & Industry OverviewsCould Trade War Undermine Ericsson’s Competition in China?
Ericsson (ERIC) didn’t do well enough in China in the previous cellular generations, mostly because it lacked the right product range for the Chinese market.
Company & Industry OverviewsNokia Is on Track to Save $2.2 Billion in Five Years
Nokia (NOK) recently unveiled a new cost-savings plan that could result in an ~$800.0 million reduction in its annual costs by 2020.
Company & Industry OverviewsNokia Picks Up a $580 Million Loan to Fund 5G Research
The European Investment Bank (or EIB) has extended a five-year, $580 million loan to Nokia (NOK).
Company & Industry OverviewsNokia Strikes a $1.2 Billion Deal with China Mobile
Nokia (NOK) recently signed a one-year equipment and services deal worth ~$1.2 billion with China Mobile (CHL).
Company & Industry OverviewsA Look at Nokia’s 5G Market Opportunity
Earlier this year, Nokia announced a partnership with China Mobile’s (CHL) optical network project.
Company & Industry OverviewsWhy Idea of Vodafone-Liberty Deal Irritates T-Mobile Parent
The idea of Vodafone (VOD) buying assets from Liberty Global (LBTYA) in certain European markets doesn’t sit well with T-Mobile (TMUS) parent Deutsche Telekom.
Earnings ReportWhy Nokia Is Optimistic about Its Analytics Business
Nokia (NOK) believes telecom operators haven’t yet tapped the potential of analytics.
Earnings ReportWhy Deutsche Bank Is Cautious about Apple
Germany-based (EWG) investment company Deutsche Bank (DB) is treading a different path regarding Apple’s (AAPL) iPhone 8 estimates.
Macroeconomic AnalysisWhere Manufacturing Activity Stands in China
China’s (FXI) (MCHI) economy, based on some of its economic indicators, has recently shown signs of a slowdown.
Macroeconomic AnalysisExports Recover as China Shifts Its Base in 2017
Chinese exports in US dollar terms fell 7.7% in 2016 compared to 2015, making it the worst decline since 2009.
Company & Industry OverviewsAre There Parallels in China’s Stock Market Bubbles?
The bubbles created in China’s stock market in 2007 and 2015–2016 show that stocks fell ~65.0% and ~41.0%, respectively.
MiscellaneousWhat Happened to China Mobile on March 20?
China Mobile (CHL) stock rose 3.9% on March 20, 2017, to close at $58.52. It had risen 5.3% one day previously, on March 19.
Company & Industry OverviewsVodafone’s Scale and Valuation: The Latest Numbers
On December 19, Vodafone was the fourth-largest global telecom by market capitalization (~$67.3 billion). The largest global telecom company was AT&T (T).
Company & Industry OverviewsHow Vodafone’s Dividend Yield Stacks Up against Its Peers’
On December 19, 2016, Vodafone’s stock was trading at $25.13. The stock was trading 1% above its 20-day moving average of $24.88.
Company & Industry OverviewsEurope Is Still the Most Important Market for Vodafone
Vodafone operates nearly globally, providing a range of telecom services centered on mobile technology to more than 483.7 million customers around the world.
Fund ManagersAssessing Year-to-Date Portfolio Changes in AEPGX
The primary geographic focuses of the American Funds EuroPacific Growth Fund (AEPGX) are Europe and the Pacific Basin.
Macroeconomic AnalysisChina’s Foreign Reserves Fell Slightly in July
According to State Administration of Foreign Exchange, China’s foreign reserves fell by $4.1 billion in July to $3.20 trillion.
Macroeconomic AnalysisChina Caixin Manufacturing PMI Expands
The China Caixin Manufacturing PMI (Purchasing Managers’ Index) rose to 50.6 in July from 48.6 in June. This indicates renewed improvement in operating conditions.
Macroeconomic AnalysisChina’s Industrial Profits Accelerate in June
According to the National Bureau of Statistics, China’s industrial profits for firms above a designated size rose by 5.1% year-over-year to 616.3 billion yuan ($92.4 billion) in June.
Macroeconomic AnalysisWhy China’s Industrial Profits Have Slowed Down
According to the National Bureau of Statistics (or NBS), China’s industrial profits for firms above a designated size rose 3.7% year-over-year to 537.2 billion yuan.
Company & Industry Overviews Some Stocks Spoil a Decent Year-to-Date 2016 for MAPTX
MAPTX has been an above-average performer across all periods. It stands fourth among the funds under review YTD (year-to-date) in 2016.
Fund ManagersExploring ASIAX’s Portfolio Composition Year-to-Date in 2016
Though ASIAX retains the flexibility of investing across market capitalizations, its focus areas are the small- and mid-cap segments.
Fund ManagersHow Is the Invesco Pacific Growth Fund Allocating Its Portfolio?
TGRAX is quite balanced as far as allocation in its top three sectors is concerned.
Macroeconomic AnalysisChina’s MNI Business Sentiment Rose Sharply in June
China’s MNI Business Sentiment Indicator rose sharply in June to 54.5 from 50.0 in May due to the availability of cheaper credit and better credit terms.
Company & Industry OverviewsWhat China Has to Do to Get in the MSCI Emerging Markets Index
There have been significant steps toward the eventual inclusion of China A shares in the MSCI Emerging Markets Index.
Macroeconomic AnalysisThe Caixin China Manufacturing PMI Contracted Sharply in May
The Caixin China manufacturing PMI (or purchasing managers’ index) contracted further in May 2016 and came in at 49.2 compared to 49.4 in April.
Macroeconomic AnalysisChina’s MNI Business Sentiment Fell in May
China’s MNI Business Sentiment Indicator fell to 50.0 in May from 50.5 in April. The fall in new orders was offset by an increase in production.
Macroeconomic AnalysisWhy Did China’s Industrial Profits Fall in April?
Profits at state-controlled firms have fallen 7.8% YoY. This impacted total industrial profits. The inventory levels at industrial firms fell 1.2% YoY at the end April.
Macroeconomic AnalysisKey for Investors: 5 Issues Are Choking Real Growth in China
We think that 2016 will be challenging for the Chinese economy. With policy support and improved credit conditions, economic activity stabilized in 1Q16.
Macroeconomic AnalysisDebate about China Signals an Inflection Point for Its Direction
Hedge fund managers such as John Burbank of Passport Capital and Michael Novogratz of Fortress Investment Group LLC turned bearish on China this year.
Macroeconomic AnalysisDid China’s Exports and Imports Slow Down in April?
According to customs data, China’s exports to the United States—the country’s biggest market—fell 9.3% YoY in April.
Macroeconomic AnalysisChina’s Caixin Manufacturing PMI Still below Threshold in April
China’s Caixin Manufacturing PMI fell to 49.4 in April from 49.7 in March. This indicated further deterioration in the manufacturing sector.
Macroeconomic AnalysisChina’s MNI Business Sentiment Expanded in April, Caution Prevails
China’s MNI Business Sentiment Indicator expanded to 50.5 in April due to stimulus measures from Chinese authorities to boost economic growth.
Macroeconomic AnalysisChina’s New Loan and Aggregate Financing Plans: Are They Working?
New loans issued by Chinese banks rose to 1.4 trillion yuan ($211.2 billion) up from 726.6 billion yuan ($112.0 billion) in February 2016.
Company & Industry OverviewsWhy Apple Remains Optimistic about China
In its Asian Development Outlook 2016 report, the Asian Development Bank projected that China’s economic growth should slow to 6.5% this year and to 6.3% next year.
Macroeconomic AnalysisChina’s Exports Jump: Can the Growth Be Maintained?
According to the General Administration of Customs, China’s exports, in US dollar terms, jumped 11.5% YoY (year-over-year) in March.
Macroeconomic AnalysisDid China End Its 4-Month Decline in Foreign Reserves in March?
China’s State Administration of Foreign Exchange, or SAFE, released foreign reserve data for March on April 7, 2016. China’s foreign reserves rose $10.3 billion to $3.2 trillion in March.
Company & Industry OverviewsSouth Asia to Lead the Developing Asia Region in 2016–17
The ADB (Asian Development Bank) expects developing Asia to grow by 5.7% in 2016 as well as in 2017, a little slower than the 5.9% pace seen in 2015.
Company & Industry OverviewsWhy Expansion into Hyperscale Cloud Will Be Key Driver for Brocade
Brocade announced new technology partnerships to accelerate the development of new IP solutions.
Company & Industry OverviewsGoing Passive: Considering Chinese Stocks in 2016
The iShares China Large-Cap ETF (FXI) is the most heavily traded ETF that invests in Chinese equities. It manages $4.7 billion in assets and is invested in 51 holdings.
Macroeconomic AnalysisEyeing the Threshold: Caixin China Manufacturing PMI in March
The Caixin China Manufacturing PMI rose to 49.7 in March—its highest level 13 months—from 48.0 in February, indicating deterioration in operating conditions.
Macroeconomic AnalysisChina’s New Yuan Loans, Aggregate Financing Dropped in February
China’s aggregate financing also fell sharply from 3417.3 billion yuan ($525 billion) in January to 780.2 billion yuan ($120 billion) in February.
Company & Industry OverviewsHow Do Verizon’s Valuation Metrics Compare to Peers?
As of March 9, 2016, Verizon is the third-largest global telecom player by market capitalization.
Company & Industry OverviewsDoes Nokia Benefit from 4G LTE Penetration in China?
Nokia (NOK) commands a strong presence in China due to its combined installed base of Nokia and Alcatel Shanghai Bell (ALU). In 4Q15, Nokia’s revenues from Greater China (FXI) rose 17% YoY.
Macroeconomic AnalysisChina’s Exports Fell in February amid Lackluster Global Demand
China’s exports fell sharply by 25.4% YoY (year-over-year) in February—compared to a decline of 11.2% in January. It was the largest decline since May 2009.
Company & Industry Overviews Low Volatility Makes ASIAX Stand Out
ASiAX is invested in companies such as Broadcom, Taiwan Semiconductor Manufacturing, China Mobile, NetEase, and class B shares of Telekomunikasi Indonesia.
Fund ManagersMust-Know Facts about ASIAX
Though ASIAX retains the flexibility of investing across market capitalizations, its focus area is the small- and mid-cap segment.
Macroeconomic AnalysisWhy China’s MNI Business Sentiment Weakened Further in February
China’s MNI business sentiment indicator fell to 49.9 in February from 52.3 in January.
Macroeconomic AnalysisYuan Maintained 5th Position in Global Currency Payments
The yuan accounted for 2.5% of global payments in January, slightly up from 2.3% in December 2015.
Macroeconomic Analysis TCWAX: 2015’s Worst Performer, but Lowest YTD Negative Return
The Templeton China World Fund – Class A (TCWAX) is the third-largest fund under this review, with an asset size of $297.2 million as of January 2016.
Macroeconomic AnalysisSlowdown in Manufacturing Sector Forces China to Shift Its Focus
China’s official manufacturing purchasing managers’ index reading for January was down and came in at 49.4 as compared to 49.7 in December 2015.
Company & Industry OverviewsChinese Financials Continue to Trade in Bearish Zone
The Global X China Financials ETF (CHIX)(FXI) seeks to track the performance of the Solactive China Financials Total Return Index.
Macroeconomic AnalysisWhy China’s Exports and Imports Fell Sharply in January 2016
Some analysts believe that the unexpected drop in foreign trade was mainly due to a change in the timing of the Lunar New Year.
Fund ManagersGet Your Essentials on the Invesco Pacific Growth Fund (TGRAX)
The Invesco Pacific Growth Fund, under normal circumstances, will invest “at least 80% of its net assets in securities of issuers in the Pacific region.”
Company & Industry OverviewsWhy Look to Invest in Asia-Pacific via Mutual Funds?
Unless you’re ultra-cautious and want to restrict yourself to Europe, Asia-Pacific should figure in your list of investible regions.
Macroeconomic AnalysisChina’s Yuan Share Rose in Global Currency Payments
According to the latest SWIFT RMB Tracker, the yuan—also known as the “renminbi”—accounted for 2.3% of the global payments in November 2015.
Macroeconomic AnalysisChina’s MNI Business Sentiment Fell in January
China’s MNI Business Sentiment Indicator fell to 52.3 in January from 52.7 in December. The overall indicator fell, but production and new orders rose in January.
Company & Industry OverviewsAT&T Ranks Second among Its Peers in Market Capitalization
By market capitalization, AT&T ranks second among global telecom companies as of January 26, 2016. China Mobile (CHL) remains the leader in this metric
Macroeconomic AnalysisChina’s December Exports and Imports Were Better than Expected
According to China’s General Administration of Customs, China’s exports fell 1.4% year-over-year in December 2015, compared to a fall of 6.8% in November.
Earnings ReportHow Indian Brokerage Houses View the Domestic IT Sector in Fiscal 3Q16
On January 3, Religare Institutional Research projected that revenues of large-cap IT sector firms in India could grow between 0.3%–1.1% QoQ in fiscal 3Q16.
Macroeconomic AnalysisCaixin China Manufacturing PMI Deteriorated Further in December
Staying below the neutral reading of 50, the Caixin China manufacturing PMI came in at 48.2 in December, down from 48.6 in November.
Macroeconomic AnalysisChina’s Official Manufacturing PMI Nudged Up in December
China’s official manufacturing PMI reading for December 2015 was up slightly and came in at 49.7. However, it was still in contraction mode compared to 49.6 in November.
Macroeconomic AnalysisChina’s Manufacturing Deteriorated Further in December 2015
China accounts for ~8.4% of the global GDP, and manufacturing activity contributes about 31% to China’s GDP. The Caixin China manufacturing PMI declined 0.4 points to 48.2 in December.
Macroeconomic AnalysisChina’s MNI Business Sentiment Rose in December 2015
China’s MNI Business Sentiment Indicator rose 5.6% to 52.7 in December—above the neutral level of 50 and also higher than November’s reading of 49.9.
Macroeconomic AnalysisLeading Economic Indicator for China Rose in November
The Conference Board’s Leading Economic Indicator for China rose 0.6% in November, following a 0.3% rise in October and a 1.6% increase in September.
Macroeconomic AnalysisNGCAX Likely Rose Due to a Boost in Exports
For the month ending on November 30, NGCAX rose by 0.2%. The positive performance could be due to a boost in exports after the yuan devaluation.
Macroeconomic AnalysisTCWAX Fell Due to Weak Global Demand
For the month ending on November 30, 2015, TCWAX fell by 2.8% due to weakness in global demand and lower commodity prices.
Macroeconomic AnalysisNegative Investor Sentiment Caused NCEAX to Fall
NCEAX fell by 1.3%. Weak PMI data, lower commodity prices, and uncertainty regarding the Fed’s interest rate hike contributed to negative investor sentiment.
Macroeconomic AnalysisIs the Chinese Economy Really Stabilizing?
China’s currency is flowing out of the economy. With the rate hike looming in the US, Chinese investors are parking their funds in dollar-denominated assets.
Macroeconomic AnalysisChina’s New Yuan Loans and Aggregate Financing Rise in November
The rise in new yuan loans doesn’t directly impact the overall performance of mutual funds. But with the rise in credit flow in the economy, mutual funds with large exposures to financials benefit.
Company & Industry OverviewsWhy Apple Is Optimistic about Its Future Growth Prospects
Although Apple does not provide guidance beyond the next quarter, the management is optimistic about the company’s growth prospects in the long term.
Macroeconomic AnalysisCaixin China Manufacturing PMI Stabilizes in November
The Caixin China Manufacturing PMI was 48.6 in November, slightly up from 48.3 in October, as manufacturing units signaled stabilized output in November.
Macroeconomic AnalysisChina’s Official Manufacturing PMI Nudged Down in November
China’s official Manufacturing PMI reading for November was slightly down and came at 49.6 as compared to 49.8 in October. This index is released every month.
Company & Industry OverviewsVodafone’s Geographically Diverse Global Operations
On November 27, 2015, Moody gave a Baa1 rating to Vodafone’s equity-linked zero-coupon bonds of 600 million pounds with maturity in 2020.
Macroeconomic AnalysisWhy China’s Industrial Profits Fell Sharply in October
According to the National Bureau of Statistics of China (or NBS), China’s industrial profits fell sharply by 4.6% in October from a year earlier.
Macroeconomic AnalysisChina’s Business Sentiment Contracts Fell in November
In November, China’s MNI Business Sentiment Indicator fell 10.3% to 49.9—below the neutral level of 50. It was also lower than the October reading of 55.6.
Macroeconomic AnalysisChina’s Industrial Production Struggles to Regain Strength
According to the National Bureau of Statistics of China, industrial production in China rose 5.6% in October compared to 5.7% in September. The reading was below market expectations of 5.8%.
Earnings ReportWhy AT&T’s Wireless Revenue Was Mostly Flat in 3Q15
In this series, we’ll look at the performance of AT&T’s (T) overall domestic wireless component in 3Q15. Note that AT&T has divided its operations into four new divisions.
Macroeconomic AnalysisPortfolio Composition of China-Focused Mutual Funds: USCOX and ACOCX
The financial sector dominates both the US Global Investors China Region Fund Investor Class (USCOX) and the AC One China Fund Investor Class (ACOCX).
Macroeconomic AnalysisPortfolio Composition of China-focused Mutual Funds: ALQAX and RSCHX
The AllianzGI China Equity Fund Class A (ALQAX) and the RS China Fund Class A (RSCHX) benchmark their performance to the MSCI China Index.
Macroeconomic AnalysisAssessing the Performances of China-Focused Mutual Funds in 3Q15
In the quarter that ended on September 30, 2015, the returns of all four of our selected China-focused mutual funds were negative.
Earnings ReportThe Guinness Atkinson China and Hong Kong Fund in 3Q15
The goal of the Guinness Atkinson China and Hong Kong Fund aims for long-term capital appreciation by investing in securities of China and Hong Kong.
Earnings ReportHow Eaton Vance Greater China Growth Fund Performed in 3Q15
The Eaton Vance Greater China Growth Fund seeks to provide long-term capital appreciation by investing in equity securities of companies in the Greater China region.
Macroeconomic AnalysisOnline Sales Boosted Chinese Retail in September
According to the National Bureau of Statistics of China, retail sales reached 2,527.1 billion yuan, up by 10.9% in September as against 10.8% in August 2015.
Macroeconomic AnalysisRay Dalio’s 3 Rules of Thumb and the Road Ahead for China
Chinese policymakers should try to implement Ray Dalio’s three rules of thumb as closely as possible to get the country’s economic growth back on track.
Macroeconomic AnalysisHow Are China’s Interest Rates Moving?
China’s Central Bank slashed its interest rate again to increase the amount of money flow in the economy. China’s Central Bank devalued the yuan in August.
Macroeconomic AnalysisPerformance of 4 China-Focused Mutual Funds in September 2015
For the one-month ended September 30, 2015, the Clough China Fund Class A (CHNAX) stands out as the worst performer of our China-focused mutual funds with a return of -2.2%.
Macroeconomic AnalysisConference Board’s LEI Rose in August 2015 for China
The Conference Board LEI (Leading Economic Indicator) for China aggregates six economic indicators that measure economic activity in China.
Macroeconomic AnalysisChina’s Industrial Production Data for August 2015
China’s industrial production data were weaker than expected and grew by 6.1% year-over-year, or YoY, in August.
Macroeconomic AnalysisChina’s Foreign Trade Is Slowing Down
China’s foreign trade data for August were released on September 8. China’s exports in US dollar terms fell 5.5% year-over-year (or YoY) in August, while imports fell sharply by 13.8% YoY.
Macroeconomic AnalysisWhat Led to the Fall in China’s Forex Reserves?
China’s stock market has been in turmoil since June 2015. Its stock market had been soaring, but after May, there was a share selloff, which led to a crash.