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China Mobile Limited (CHL)

NYSE - NYSE Delayed Price. Currency in USD
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33.29+0.83 (+2.56%)
At close: 4:00PM EDT
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Neutralpattern detected
Previous Close32.46
Bid0.00 x 900
Ask0.00 x 1800
Day's Range33.00 - 33.49
52 Week Range30.12 - 44.93
Avg. Volume1,013,186
Market Cap137.09B
Beta (5Y Monthly)0.64
PE Ratio (TTM)7.65
EPS (TTM)4.35
Earnings DateN/A
Forward Dividend & Yield1.97 (5.93%)
Ex-Dividend DateAug 26, 2020
1y Target Est48.69
  • Huawei Outhustles Trump by Stockpiling Chips Needed for China 5G

    Huawei Outhustles Trump by Stockpiling Chips Needed for China 5G

    (Bloomberg) -- Huawei Technologies Co. quietly spent months racing to stockpile critical radio chips ahead of Trump administration sanctions, ensuring it can keep supplying Chinese carriers in their $170 billion rollout of 5G technology through at least 2021.Partner Taiwan Semiconductor Manufacturing Co. began ramping up output in late 2019 of Huawei’s 7-nanometer Tiangang communications chips, the most crucial element in 5G base stations, people familiar with the matter said. The Taiwanese contract manufacturer eventually shipped more than 2 million units at Huawei’s behest ahead of the sanctions cutoff last month, one of the people said, asking not be identified discussing internal matters. The sheer magnitude of orders at one point got TSMC executives wondering whether they had underestimated global demand, the person said.Huawei’s breakthrough in securing essential supplies underscores the mixed success of a U.S. campaign against China’s largest tech company since 2018. Citing national security concerns, the White House started by trying to curtail the sale of American software and circuitry to Huawei before finally enacting sweeping restrictions against its suppliers including TSMC. It’s that last salvo, a ban on the sale of ready-made, commercially available semiconductors, that finally knee-capped Huawei’s smartphone business and forced it to curtail device production, the people said. Representatives for Huawei and TSMC declined to comment.But the Tiangang chip, designed inhouse by secretive division HiSilicon, has proven pivotal to keeping the 5G business afloat. Huawei had leaned on TSMC in the months before Washington shut that loophole and it can now continue to supply China Mobile Ltd., China Telecom Corp. and China Unicom -- the carrier trio now aggressively building out a nationwide 5G network Beijing considers instrumental to driving the world’s No. 2 economy. A China Mobile representative declined to comment for this story. A China Telecom spokesperson said the company will communicate any impact from curbs on Huawei but declined to comment on discussions about chip supply. Unicom representatives didn’t respond to requests for comment.“The U.S. has demonstrated an intense will to restrict Huawei’s ability to offer 5G technologies. The U.S. government’s assertions of extraterritoriality have made it more difficult for Huawei to maintain access to critical components,” said Dan Wang, an analyst at Gavekal Dragonomics. In 2012, just a third of Huawei’s revenue was generated in China -- that closed in on two-thirds last year. “Huawei is more dependent on domestic sales due to both U.S. pressure as well as its strong hold over the fast-growing China market.”How Huawei Landed at the Center of Global Tech Tussle: QuickTakeHuawei told Chinese wireless operators its component inventory was fully capable of supporting base station construction in 2021 and beyond despite U.S. sanctions, according to people familiar with the matter. The company has started shipping 5G base stations without American components since at least the end of last year.It’s unclear how long those stocks can last. Rotating Chairman Guo Ping said last month the company has “sufficient” inventory for its communications equipment business, but is seeking supplies for the smartphone unit.Even assuming Huawei has cached enough silicon for Chinese clients’ purposes, it may have had to make sacrifices in performance because of shortages in second-tier components. Resorting to less-sophisticated local alternatives may hinder areas such as power consumption rate, the people said. To rectify that, Huawei’s promised to compensate carriers for part of that additional electricity expense, they said. A typical 5G base station consumes roughly four times the power of a standard 4G model.Read more: Shunned by U.S., Huawei Winning China’s $170 Billion 5G RaceWhat Bloomberg Intelligence SaysGains made by China’s tech leaders may be larger than prior generations for smartphones, cellular base stations, servers and chipsets, but less relevant amid the trade dispute. Huawei and peers face similar circumstances if the U.S. restricts their IP use, but may still grow in China via vertical integration. The nation’s tech trajectory might then veer away from global trends.\- Anand Srinivasan and Charles Shum, analystsClick here for the research.While Washington is gaining ground in efforts to pressure allies from Australia to the U.K. to shun Huawei equipment, the Chinese company’s main source of income remains its own home country. Huawei has so far won more than half of the 5G orders from state-owned carriers this year, securing contracts worth billions of dollars, Bloomberg News reported earlier.Chinese carriers have built 690,000 5G base stations since the technology was commercialized about a year ago, according to the Ministry of Industry and Information Technology. The nation’s carriers have yet to announce base station procurement plans for 2021, but ministry officials said the country’s network buildup will continue over the next three years.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    China Recruits a South Korean Conglomerate to Advise on ESG

    (Bloomberg) -- South Korean conglomerate SK Group is accelerating efforts to help China develop ESG standards after a years-long push by Beijing to improve social governance disclosures at its companies stalled.SK said it will team up with China’s State-owned Assets Supervision and Administration Commission, or SASAC, to jointly establish a lab in Beijing to study and develop rating methods for environmental, social and governance practices at companies like China Mobile Ltd. and China Petroleum & Chemical Corp. The conglomerate, South Korea’s third largest, has been working with SASAC, which oversees the country’s government-run companies, on social value efforts since 2019.The Covid-19 pandemic saw a surge in inflows into ESG-related assets, driving companies to step up social value disclosures in order to access a share of the trillions of dollars invested in this area. Even before the outbreak, China had pledged to make its nearly 4,000 listed corporates publish ESG metrics by the end of this year, though those efforts have yet to come to fruition. The world’s second-largest economy has also been seeking to burnish its environmental and social credentials, with President Xi Jinping targeting to make the country carbon neutral by 2060.“There are misconceptions that Asian companies are climate villains and they neglect ESG practices,” said Lee Hyung Hee, President of the Social Value Committee at SK Supex Council, the conglomerate’s main decision-making committee. “It’s disdainful of the entire Asia and we’d like to fix and show that Asian companies are interested in ESG.”Read more: Why China’s Missing Out on Trillions in Sustainable InvestmentBASF SE, the world’s largest chemical maker, is leading a growing number of global firms including BMW AG, Novartis AG and SK in a collaboration to create an international accounting standard of evaluating social value by 2022. SK, which is actively advising South Korean government organizations and companies on evaluating social values, aims to have its affiliates from SK Hynix Inc. to SK Innovation Co. adopt an integrated accounting method including ESG practices within the next five to 10 years, Lee said in an interview in Seoul.SK has so far channeled 74 billion won ($65 million) into impact funds investing in firms and startups that could address social and environmental problems and is planning to set up a new fund next year, Lee said. After successfully purchasing South Korea’s largest waste treatment company for more than 1 trillion won, SK is also considering more acquisitions in areas that can alleviate environmental problems through technology.The conglomerate and China’s SASAC first collaborated on a research program into the social value of state-owned companies in both countries in February 2019. SK and the government body will hold equal stakes in the new lab, which is expected to be set up within this year, according to Lee.China has yet to release guidelines to its companies on disclosing ESG information despite setting a goal to kick off the program this year. Roughly 1,100 companies listed on China’s two mainland exchanges -- less than a third of the total -- voluntarily disclosed environmental data in 2018, according to the statistics from the securities regulator.“The market value of a company now depends on how it manages ESG,” Lee said. “ESG is not something that undermines shareholders’ value. Putting no effort into ESG goes against value. Shareholders will protest a company that has no ESG plans.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Moody's

    China Mobile Limited -- Moody's affirms China Mobile's A1 rating; outlook stable

    Moody's Investors Service has affirmed China Mobile Limited's (CML) A1 issuer rating. CML's A1 rating reflects the company's dominant position in China's mobile telecommunications market, along with its very strong financial profile and liquidity, supported by its solid operating cash flow, moderate capital spending, and strong net cash position.