China Mobile's Earnings Growth Could Be Weighed in 2026-2028 -- Market Talk

Dow Jones
Apr 15

0235 GMT - China Mobile's earnings growth could be weighed in 2026-2028, says DBS Group Research analysts in a note. A slower growth outlook in some segments and an anticipated drag from value-added taxes are likely to weigh on the communications services company's earnings over 2026-2028, the analysts say. They cut their earnings forecasts by around 10%-13% over this period. Nonetheless, this still implies net profit growth of 0.3%-7.4% over the three years, they add. The company has proven it is able to scale its high-margin digital growth engines and support its growth, they add. DBS cuts its target price to HK$98 from HK$110 but maintains its buy rating. Shares rise 0.1% to HK$81.55.(megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

April 14, 2026 22:35 ET (02:35 GMT)

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