On February 9, China Mobile hit the daily limit for the first time since its listing, and its share price hit a new high since its listing, with a total market value of 1.4 trillion yuan. Share prices rose sharply for two consecutive days, and once rose more than 7% in the session yesterday.
It is worth noting that on the eve of the company’s share price surge, Citic Securities Company Limited(600030) , China International Capital Corporation Limited(601995) , Zheshang Securities Co.Ltd(601878) , Changjiang Securities Company Limited(000783) and other securities companies intensively released in-depth research reports.
Among them, China’s leading brokerage Citic Securities Company Limited(600030) released a research report on February 8, giving the company A-share target price of 75 yuan / share, with 11% room for rise compared with today’s midday closing price of 67.43 yuan / share. CICC gave the initial rating of China Mobile A shares outperforming the market, with a target price of 81 yuan.
on the eve of the sharp rise in China Mobile’s share price
Organization Research Report God card position
In early trading today, China Mobile touched the daily limit, driving the strength of the communication service sector. In terms of individual stocks, Eastone Century Technology Co.Ltd(300310) , Gci Science & Technology Co.Ltd(002544) , Sunwave Communications Co.Ltd(002115) , Guomai Technologies Inc(002093) followed the rise.
On January 5, 2022, China Mobile landed in A-Shares and set a high price of 63.58 yuan / share on the first day. Since then, the company’s share price has fallen all the way. However, thanks to the protection of the “green shoe” mechanism and the continuous increase of the controlling shareholder China Mobile Group, China Mobile has not staged the “break” situation although it has touched the “bottom line” of 57.58 yuan / share.
On the eve of the stock price surge, China Mobile has received positive attention from many institutions. Not only actively participated in the company’s research, but also intensively released the research report recently.
On February 7, China Mobile announced that on January 21, the company received 23 research institutions such as China International Capital Corporation Limited(601995) , China Securities Co.Ltd(601066) , Boc International (China) Co.Ltd(601696) , Huatai Securities Co.Ltd(601688) .
As the lead underwriter, Citic Securities Company Limited(600030) and China International Capital Corporation Limited(601995) are also positive. Recently, Citic Securities Company Limited(600030) gave China Mobile A-share a target price of 75 yuan. On February 8, Citic Securities Company Limited(600030) released the research report, saying that China Mobile is the leader of global operators. The company has leading profitability, high-quality assets, good cash flow performance, and significant advantages in network resources and user scale. China Mobile’s competitive advantage in the 5g era is expected to be further consolidated, and China Mobile’s business is expected to develop well and its performance continues to grow. Give China Mobile A shares and Hong Kong shares 1.3 times and 1.0 times Pb in 2022 respectively, corresponding to the target price of 75 yuan and 70 Hong Kong dollars respectively.
Zheshang Securities Co.Ltd(601878) the research report pointed out that the inflection point of the industry has been established. Driven by the improvement of 5g penetration and the strong growth of innovative business, it continues to be optimistic about the development expectation of operators. The company has started a new transformation and upgrading, expanding from communication services to broader information services, and has achieved results.
Some market participants said that the sharp rise in China Mobile’s share price occurred after the failure of the “green shoe mechanism”, which was related to various factors such as the previous substantial increase of actual controllers’ holdings and the high expectation of annual performance. From the perspective of the industry, the share price of operators has been underestimated for a long time, and there is still great pressure to improve the overall valuation. In the face of the sharp rise of share price, we must observe calmly.
policy renewal
digital currency concept continues to catalyze
On February 9, the digital currency sector rose sharply and many stocks rose by the limit. Szzt Electronics Co.Ltd(002197) recorded 5 boards in 9 days, with a current price of 13.66 yuan. On January 20 Szzt Electronics Co.Ltd(002197) on the interactive platform of Shenzhen Stock Exchange, the company said that it was exploring the development of supply chain finance business based on digital RMB.
The popular stock Beijing Cuiwei Tower Co.Ltd(603123) opened today and quickly raised the closing board. Since this year, the stock has risen 230% in total, with a total of 15 trading boards in just two months. Recently, the stock gained four trading limits on January 28, February 7, February 8 and February 9 respectively.
Beijing Cuiwei Tower Co.Ltd(603123) according to the announcement on February 8, the company’s current digital RMB payment method has not brought incremental business income. It has a relationship of mutual substitution with traditional payment methods such as card swiping and code scanning, and will not have a significant impact on the overall acquiring business scale and operating performance.
In terms of news, on February 8, the people’s Bank of China, the State Administration of market supervision, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission jointly issued the “14th five year plan” for the development of financial standardization, which proposed to steadily promote the development of legal digital currency standards.
In addition, the “east wind” of the Beijing Winter Olympics has also accelerated the landing of digital currency. In the Beijing Winter Olympics Organizing Committee Park, innovative application scenarios such as unmanned vending vehicles, self-service vending machines and unmanned supermarkets have been deployed on a pilot basis, and wearable devices such as payment gloves, payment badges and Winter Olympics payment clothes have been launched.
Zhang Yiping, a macroeconomic analyst, believes that promoting the innovative development of digital currency is another global consensus after carbon neutralization, and China has taken the lead in this round of competition. China’s digital RMB is expected to pass the Winter Olympics scenario test, accelerate the application under the cross-border payment scenario, and help further improve the ranking of RMB international payment.
Elephant dancing indicates the establishment of “emotional bottom”? Mysterious funds crazy buying China Mobile’s daily limit market value rose to seventh in a shares!
Citic Securities Company Limited(600030) : give China Mobile A-share target price of 75 yuan and maintain the “buy” rating
China Industrial Securities Co.Ltd(601377) : China Mobile’s A-share Pb valuation center may reach 1.5 times
Zheshang Securities Co.Ltd(601878) : China Mobile’s profit growth is expected to be 7.03% / 7.38% / 7.19% from 2021 to 23
The net profit of China Mobile is expected to be rmb158.1 billion to rmb158.3 billion in 2022
