On January 3, 2022, China Mobile announced that the company’s A-share shares would be listed on the Shanghai Stock Exchange on January 5, 2022.
According to the announcement of , the IPO price of China Mobile’s return to A-Shares is 57.58 yuan per share, the P / E ratio after issuance is 12.02 times, and the issuance scale is 845.7 million shares, accounting for about 3.97% of the total issued shares of the company after issuance; If the over allotment option of the A-share issuance is fully exercised, the issuance scale after the completion of the issuance will be 972.6 million shares, accounting for 4.53% of the total issued shares of the company after the completion of the issuance. The fund-raising amount of China Mobile is 56 billion yuan, which will become the largest IPO of A-Shares in recent 10 years.
China Mobile said that the raised funds will be used for the company’s main business for information service expansion. The company will seize the opportunity window period for expanding information services, promote the implementation of the strategy of creating a world-class “power building”, fully implement the “5g +” plan and comprehensively promote the all-round and integrated development of chbn, so as to further highlight the transformation direction of digitization and intelligence, Build a new infrastructure with first-class quality, actively expand new scenes, new products and new business formats for information services, explore development space, focus on scientific and technological innovation, strive to form a new growth model driven by information technology and data, and comprehensively promote the digital intelligence transformation of the company.
China Mobile’s landing on the Shanghai Stock Exchange also means that the three operators have gathered in the A-share market since then.
there is another operator breaking precedent. Will China Mobile break back to a this time? Fu Liang, an analyst in the communications industry, told the Securities Daily that China Mobile is unlikely to break.
In Fu Liang’s view, on the one hand, the “green shoe mechanism” will protect the stock price at the initial stage of IPO; On the other hand, the issue pricing of China Mobile is conservative. Even after the failure of the “green shoe mechanism”, the company’s performance is enough to support the stock price; In addition, from the perspective of dividend distribution, China Mobile itself is a better investment and financial product. Fu Liang pointed out that in the first half of 2021, China Mobile Hong Kong made a profit of 2.89 yuan per share, an interim dividend of HK $1.63, a profit of 5.27 yuan per share in 2020 and an annual dividend of HK $3.29. Calculated at 57.58 yuan, its annualized dividend will reach 4.67% and 4.63% in 2020 and 2021 respectively.
Fu Liang also reminded that the return a of China Mobile may have an impact on the stock prices of China Telecom Corporation Limited(601728) and China United Network Communications Limited(600050) .
(voice of Securities Daily)
