TECHNICAL ANALYSIS

China Mobile is showing signs of recovery as it trades above key EMAs. The narrowing gap between the 20-day and the 50-day EMAs indicates the possibility of a bullish crossover hence strengthening the technical outlook. Meanwhile, the MACD line continues its upward climb, signaling a possible shift from consolidation to an uptrend. We believe the stock is well-positioned to retest its resistance levels in the near future.

Fundamentals

Net profit is expected to grow at a CAGR of 5% for the next 3 years with strong net margins of more than 13%.

Source: Rakuten Research - 5 Dec 2024

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