The cost of promoting TDMA

Reading Time: < 1 minute TDMA, or TD-SCDMA, is a Chinese domestic 3G standard (Wikipedia). China was not behind the west in terms of 2.5 GSM network and applications in recently years. Actually the development of mobile phones are so successful, the total users of China mobile phones users already exceeded half a billion (source: digitimes). China Mobile (NYSE: CHL),… Continue reading The cost of promoting TDMA

Tough times ahead for China Mobile: I

Reading Time: < 1 minute Sunmmary: the issue of 3G license (news here), the immature domestic standard being assigned to CHL, and no cool handset. All the above combined with the slowdown of Chinese economy is creating a headwind for China Mobile near term growth. China Telecom (NYSE:CHA, the landline operator recently acquired CDMA business from China Unicom) is ramping… Continue reading Tough times ahead for China Mobile: I

China Mobile Group got robbed

Reading Time: 2 minutes According to Chinese news, China Mobile’s ultimate parent, the China State Asset Management Co. (CSAM), took 50 billion Chinese Yuan (about 7.30 billion USD) from China Mobile Group (the parent of China Mobile Limited, NYSE: CHL; HKSE:0941), and gave it to China Telecom. For CSAM, this is merely put money from left pocket to right… Continue reading China Mobile Group got robbed

China Telecom Revamp

Reading Time: < 1 minute Players: foreign investment bankers, Chinese goverment The motivation of Foreign investment bankers: pump and dump, make money from the warrants (options) in Hongkong market. Chinese goverment Goverment usually does not know economy or business, just look at Bush admin you will know. In China goverment plays two roles in telecom revamp: as regulator and as… Continue reading China Telecom Revamp

Weekend review w/e 072608

Reading Time: < 1 minute A subdued Olympics rally? The Olympics is coming. But we are not seeing much sign of an Olympics stock market rally, both in Shanghai, or in New York. The Shanghai composite index is barely above 52 week low, at around 2800 to 2900 range. Two of the Beijing 2008 Sponsors, China Mobile (NYSE: CHL) and… Continue reading Weekend review w/e 072608

Players in China Telecom re-org: foreign investment banks

Reading Time: 2 minutes I planned to write more about China telecom re-org (revamp, reform) after the recent announcement. Now the CFA test is over, I have more time to think about this. A few days ago I read this interesting Chinese article which describes some foreign investment banks actions after the re-org news (Appendix). Let me try to… Continue reading Players in China Telecom re-org: foreign investment banks

Second thought on China Mobile CHL

Reading Time: 3 minutes (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… Continue reading Second thought on China Mobile CHL

Is China Mobile CHL still a buy?

Reading Time: 2 minutes The re-org of China telecom/wireless industry started officially, with the China Mobile Group acqusision of China Railway Telecom (Teitong), a small fixed line operator. The news drove down the stock price of China Mobile (0941.HK, NYSE:CHL) sharply lower today. Many pundits, speculators and short term investors are worrying the golden (monopoly) days of China Mobile… Continue reading Is China Mobile CHL still a buy?

China Mobile, Syngenta update

Reading Time: < 1 minute In last two days China Mobile (NYSE:CHL) and Syngenta (NYSE:SYT) released its Q1 results (Bloomberg: CHL result, SYT result). Both are doing very well lately. Today CHL got an upgrade from Zacks. But let’s not got too excited on the stocks, as a general rule. Also keep in mind sometimes we could use the analyst… Continue reading China Mobile, Syngenta update

Why China Mobile CHL is a buy: IV

Reading Time: < 1 minute Two important news about China wireless arena yesterday. 1) China Mobile finally started the long awaited trial of TD-SCDMA 3G network (read Chinese news story 1 , and 2 from XinhuaNet). Some features of 3G include the video conference/phone, TV program, etc. 2) The new (lower) roaming fees takes effect. I think 2) may have… Continue reading Why China Mobile CHL is a buy: IV