Last Updated on May 29, 2008 by stlplace
(Update May 26 11:35PM) Just found the Google finance has the wrong EPS and PE ((EPS 2.62, PE 29.92) for CHL. Yahoo finance has the right number for CHL: ttm EPS $3.08, PE 25.44 as of Friday May 23.
Market sentiment
GS downgrade (Bloomberg): the ladies at Goldman Sachs cut the rating of 0941 (China Mobile H share) from neutral to sell, and cut price target from 135 HKD to 105 HKD. I don’t trust Goldman rating blindly (no disrespect to people at GS), this downgrade combined with the share drop both in NYSE and Hongkong, signals the big boys are leaving the table. I don’t want to stick my head out at this time, so I am going to sell 2/3 of my CHL shares tomorrow morning (Tuesday May 27).
(Source: XinHuaNet)
More background of the re-org, 3G license