The Artist schreef:
[quote=The Artist]
Verder wordt een stijgende beurs "soms" vooral gedragen door slechts een deel kleppers, de bekende namen zoals China Mobile, Petrochina enz...
Die kleppers maken wel echte winsten en deze kleppers trekken de index omhoog en bepalen in mijn ogen het sentiment, de rest stijgt mee omdat het mogelijke overnamekandidaten kunnen worden.
Als ik nu naar de Hang Seng kijk, dan is China Mobile dacht ik de grootste en is ie afgelopen jaren verantwoordelijk geweest voor een redelijk % van de stijging van de index.
Ik zie dat niet veranderen.
groetjes
The Artist
[/quote]
China Mobile Fourth-Quarter Profit Rises on User Gain (Update3)
By Janet Ong
March 19 (Bloomberg) -- China Mobile Ltd., the phone carrier with more users than the U.S. population, increased fourth-quarter profit 37 percent, beating analysts' estimates, after the company added record subscribers by cutting rates.
Net income rose to 27.2 billion yuan ($3.8 billion) from 19.9 billion yuan a year earlier, and sales climbed to 98.5 billion yuan from 82.7 billion yuan, according to Bloomberg calculations. That's higher than the 26 billion yuan median profit estimate in a Bloomberg survey of eight analysts.
China Mobile, seeking to bolster market share before an industry revamp intensifies competition, expects to sign up 80 million users this year for a total of about 450 million as it focuses on lower-income rural areas. The company has sustained profit growth by selling more value-added services in wealthier towns and cities.
``The penetration rate in the urban areas is high and almost everyone has a mobile phone, so there are more growth prospects expanding into the rural areas,'' said Teresa Chow, who helps manage $1.1 billion at RBC Investment Management Asia in Hong Kong, including China Mobile shares. ``Income levels in rural areas are rising, so that is a big growth area.''
China Mobile's shares rose 3 percent, the most since Feb. 27, to HK$107.60, at the end of trading in Hong Kong, compared with a 2.7 percent gain in the city's benchmark index. The company's earnings were announced during the midday break.
Stock Doubled
The stock doubled last year, making it the world's most valuable mobile-phone company, as investors bought into the dominant carrier in the world's biggest wireless market. The company's market value rose to the equivalent of $290 billion, compared with about $165 billion for Vodafone Group Plc, the largest operator by sales.
Full-year profit climbed 32 percent to 87.1 billion yuan, China Mobile said in a statement to the Hong Kong stock exchange. Sales rose 21 percent to 357 billion yuan. Fourth-quarter profit was derived by subtracting nine-month results from earnings reported by the company today. Rainie Lei, a China Mobile spokeswoman, declined to confirm the figures.
The carrier's gain in subscribers hasn't been matched by an increase in customer spending as the company focused on rural areas, where the average annual disposable income last year was 4,140 yuan, a third of the 13,786 yuan for urban residents.
Special Dividend
Last year's average monthly revenue per customer, or ARPU, an industry measure of the size of a phone bill, was 89 yuan ($12.60), down from 90 yuan a year earlier, the company said in a statement to the Hong Kong stock exchange. China Mobile's ARPU was about 20 percent of Japanese competitor NTT DoCoMo Inc.'s 6,290 yen ($61) for the quarter ended Dec. 31.
China Mobile expects ARPU to fall this year, Chief Financial Officer Xue Taohai, said at a briefing in Hong Kong today. He didn't provide estimates.
China Mobile's full-year margin for earnings before interest, taxes, depreciation and amortization rose to 54.3 percent from 54 percent a year earlier. That compares with Vodafone's margin of 41.3 percent in the six months to Sept. 30.
The Chinese carrier plans to pay a full-year dividend of HK$1.997 a share for 2007, up from HK$1.383 a year earlier, and a total special dividend of 10.1 Hong Kong cents.
China's economy expanded 11.4 percent in 2007, the fastest pace in 13 years. The nation's retail sales rose 16.8 percent last year, driven by a boost in incomes that climbed 17.2 percent in urban areas and 15.4 percent in rural areas.
``In 2007, the steady growth of China's economy and the boom in demand for telecommunications services continued to create a prosperous environment for the group,'' Wang Jianzhou, China Mobile's chairman, said in the statement.
Network Spending
China added 8.5 million mobile-phone subscribers for a total of 555.8 million at the end of January, according to official data. China Mobile, the world's biggest wireless-phone carrier by users, gained a record 7 million customers in January for a total of 376.4 million.
The mobile operator said it spent 105.1 billion yuan on equipment and networks in 2007, up from 87 billion yuan a year earlier. China Mobile plans to spend 127.2 billion yuan this year, 119 billion yuan next year and 109 billion yuan in 2010, Chairman Wang said.
``China Mobile is likely to increase spending on networks to improve its coverage and service as it adds more users,'' Kelvin Ho, an analyst at Nomura International Ltd. in Hong Kong, said.
Wang reiterated that China Mobile has no timetable to sell yuan-denominated shares on the mainland. The possible listing of yuan shares may involve existing stock held by its parent company, he said.
The listing will probably involve a small amount of shares because ``the company doesn't need the cash,'' he said.