China Mobile Downgrade: “Significant Deterioration” Ahead

Morgan Stanley downgraded shares of China Mobile by two notches saying that long-term returns are likely to suffer as a steep-and-long 5G spending cycle plays out. "We expect 5G capex to commence in 2019 with peak cycle in 2020-23. This is a painful ... ( read original story ...)

China Mobile Rating Cut at Morgan Stanley

China Mobile LTD. shares were down 2% to $51.90 in early afternoon trading Wednesday after analysts at Morgan Stanley reduced the company's rating by two notches to "underweight" from "overweight" with a price target of $10.25. China Mobile's U.S. shares ... ( read original story ...)

China Unicom’s Ivory Tower

China Unicom (Hong Kong) Ltd.'s painful 4 percent tumble on Wednesday is a crude reminder of the dangers of trading on reform hopes. The catalyst for the stock's biggest drop in more than two months was a harsh, two-step downgrade from Morgan Stanley to ... ( read original story ...)