China Mobile : Daiwa lowers China Mobile to HK$110.3

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Mobile (00941) to HK$110.3 from HK$116.5, and reiterated its “buy” rating. The research house lowered its 2018-19 EPS forecasts for China Mobile by 9.1-9.6%, driven mainly by 2.5-2.9% downward revisions to its mobile service revenue forecasts. It continues …
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