HKT-SS Initiates Early Deployment for Lok Ma Chau Loop and Northern Metropolis, Strengthens Collaboration with Research Institutions for Execution
China's Technological Self-Reliance: The "15th Five-Year Plan" emphasizes high-level technological self-reliance, with Hong Kong expected to contribute significantly through innovation and technology development, particularly in the Lok Ma Chau Loop and Northern Metropolis.
AI Facility and Research Center: A new AI facility and research center has been established in the Lok Ma Chau Loop to enhance cross-border connectivity and data flow in the Greater Bay Area, addressing the growing demand for fiber optics.
Collaboration and Business Outlook: The group plans to collaborate with research institutions to apply research results practically, expressing optimism about AI's positive impact on the telecom industry and the government's smart city initiatives.
Market Competition: China Mobile Hong Kong's entry into the market with affordable 5G plans is intensifying competition, but the group remains committed to fair competition and is cautious about its market strategies.
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US Pauses Ban on Chinese Tech Companies Before Meeting of US and Chinese Leaders: Report
US-China Leaders' Meeting: Ahead of the US-China leaders' meeting in April, the US has paused several national security measures aimed at key Chinese technologies.
Suspended Bans: The US government has put on hold bans affecting CHINA TELECOM, TP-Link routers, and the internet operations of CHINA UNICOM and CHINA MOBILE, as well as restrictions on Chinese electric trucks and buses.
CEO of China Mobile Steps Down
Executive Resignation: He Biao has resigned from his roles as Executive Director, CEO, and member of the Sustainability Committee at CHINA MOBILE due to work reassignment, effective today.
Stock Performance: CHINA MOBILE's stock has seen a decrease of 0.250 (-0.319%), with short selling amounting to $145.04 million and a ratio of 9.330%.
Market Context: The Hong Kong stock quote for CHINA MOBILE is delayed by at least 15 minutes, indicating ongoing market activity.
Industry Outlook: Nomura has downgraded CHINA TELECOM and CHINA UNICOM to neutral, predicting a challenging year for CN Telecoms in 2026.
Nomura: 2026 Poses Challenges for Chinese Telecoms; CHINA TELECOM and CHINA UNICOM Downgraded to Neutral
Telecom Industry Performance: The Chinese telecom industry experienced a significant slowdown in service revenue growth, dropping from 3.2% YoY to 0.7% in 2025, attributed to market saturation, competition, and a weak macro environment.
Broker Ratings and Target Prices: Nomura maintained a Buy rating on China Mobile while downgrading China Telecom and China Unicom to Neutral, with target prices adjusted downwards for both companies.
CHINA MOBILE Invests USD22M in Huawei AI Chips
Huawei and China Mobile Agreement: Huawei announced that China Mobile has signed a procurement agreement to purchase USD 22 million worth of AI chips, specifically Ascend 910B chips and Atlas 800 training servers.
Purpose of the Purchase: The procurement is aimed at constructing provincial-level intelligent computing centers and 5G-A core network AI inference nodes.
Short Selling Information: As of February 10, 2026, China Mobile has reported short selling of $138.14 million with a ratio of 7.805%.
Analyst Downgrade: Goldman Sachs has downgraded China Mobile's rating to neutral and reduced its target price to HKD 88.
HKT-SS Initiates Early Deployment for Lok Ma Chau Loop and Northern Metropolis, Strengthens Collaboration with Research Institutions for Execution
China's Technological Self-Reliance: The "15th Five-Year Plan" emphasizes high-level technological self-reliance, with Hong Kong expected to contribute significantly through innovation and technology development, particularly in the Lok Ma Chau Loop and Northern Metropolis.
AI Facility and Research Center: A new AI facility and research center has been established in the Lok Ma Chau Loop to enhance cross-border connectivity and data flow in the Greater Bay Area, addressing the growing demand for fiber optics.
Collaboration and Business Outlook: The group plans to collaborate with research institutions to apply research results practically, expressing optimism about AI's positive impact on the telecom industry and the government's smart city initiatives.
Market Competition: China Mobile Hong Kong's entry into the market with affordable 5G plans is intensifying competition, but the group remains committed to fair competition and is cautious about its market strategies.
G Sachs Lowers CHINA MOBILE's Rating to Neutral and Reduces Target Price to HKD88
Goldman Sachs Report: Goldman Sachs has a positive outlook on China Mobile (00941.HK) despite recent challenges in the telecom sector.
5G Growth Concerns: The growth of 5G telecom services is slowing, with new base station estimates for 2025 being 8,000 lower than expected, and projected decreases in new base stations for 2026-27.
Target Price Adjustment: Goldman Sachs has lowered China Mobile's target price from HKD 105 to HKD 88 and downgraded its rating from Buy to Neutral.
Market Activity: As of February 6, 2026, short selling activity for China Mobile was reported at $429.21 million, with a short selling ratio of 26.126%.
US Pauses Ban on Chinese Tech Companies Before Meeting of US and Chinese Leaders: Report
US-China Leaders' Meeting: Ahead of the US-China leaders' meeting in April, the US has paused several national security measures aimed at key Chinese technologies.
Suspended Bans: The US government has put on hold bans affecting CHINA TELECOM, TP-Link routers, and the internet operations of CHINA UNICOM and CHINA MOBILE, as well as restrictions on Chinese electric trucks and buses.
CEO of China Mobile Steps Down
Executive Resignation: He Biao has resigned from his roles as Executive Director, CEO, and member of the Sustainability Committee at CHINA MOBILE due to work reassignment, effective today.
Stock Performance: CHINA MOBILE's stock has seen a decrease of 0.250 (-0.319%), with short selling amounting to $145.04 million and a ratio of 9.330%.
Market Context: The Hong Kong stock quote for CHINA MOBILE is delayed by at least 15 minutes, indicating ongoing market activity.
Industry Outlook: Nomura has downgraded CHINA TELECOM and CHINA UNICOM to neutral, predicting a challenging year for CN Telecoms in 2026.
Nomura: 2026 Poses Challenges for Chinese Telecoms; CHINA TELECOM and CHINA UNICOM Downgraded to Neutral
Telecom Industry Performance: The Chinese telecom industry experienced a significant slowdown in service revenue growth, dropping from 3.2% YoY to 0.7% in 2025, attributed to market saturation, competition, and a weak macro environment.
Broker Ratings and Target Prices: Nomura maintained a Buy rating on China Mobile while downgrading China Telecom and China Unicom to Neutral, with target prices adjusted downwards for both companies.
CHINA MOBILE Invests USD22M in Huawei AI Chips
Huawei and China Mobile Agreement: Huawei announced that China Mobile has signed a procurement agreement to purchase USD 22 million worth of AI chips, specifically Ascend 910B chips and Atlas 800 training servers.
Purpose of the Purchase: The procurement is aimed at constructing provincial-level intelligent computing centers and 5G-A core network AI inference nodes.
Short Selling Information: As of February 10, 2026, China Mobile has reported short selling of $138.14 million with a ratio of 7.805%.
Analyst Downgrade: Goldman Sachs has downgraded China Mobile's rating to neutral and reduced its target price to HKD 88.
HKT-SS Initiates Early Deployment for Lok Ma Chau Loop and Northern Metropolis, Strengthens Collaboration with Research Institutions for Execution
China's Technological Self-Reliance: The "15th Five-Year Plan" emphasizes high-level technological self-reliance, with Hong Kong expected to contribute significantly through innovation and technology development, particularly in the Lok Ma Chau Loop and Northern Metropolis.
AI Facility and Research Center: A new AI facility and research center has been established in the Lok Ma Chau Loop to enhance cross-border connectivity and data flow in the Greater Bay Area, addressing the growing demand for fiber optics.
Collaboration and Business Outlook: The group plans to collaborate with research institutions to apply research results practically, expressing optimism about AI's positive impact on the telecom industry and the government's smart city initiatives.
Market Competition: China Mobile Hong Kong's entry into the market with affordable 5G plans is intensifying competition, but the group remains committed to fair competition and is cautious about its market strategies.
G Sachs Lowers CHINA MOBILE's Rating to Neutral and Reduces Target Price to HKD88
Goldman Sachs Report: Goldman Sachs has a positive outlook on China Mobile (00941.HK) despite recent challenges in the telecom sector.
5G Growth Concerns: The growth of 5G telecom services is slowing, with new base station estimates for 2025 being 8,000 lower than expected, and projected decreases in new base stations for 2026-27.
Target Price Adjustment: Goldman Sachs has lowered China Mobile's target price from HKD 105 to HKD 88 and downgraded its rating from Buy to Neutral.
Market Activity: As of February 6, 2026, short selling activity for China Mobile was reported at $429.21 million, with a short selling ratio of 26.126%.
