China Mobile stock gains 1.02 percent as dividend rises

Published on 09/28/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Mobile stock carries an HKD 2.9003 interim dividend for 2026, up 5.5 percent year over year. First-half revenue fell 1.1 percent to CNY 538 billion.

China Mobile, HK0941009539, Illustration mit AI erstellt.

China Mobile (ISIN HK0941009539) was last at HKD 79.25 on the Hong Kong Stock Exchange on September 28, 2026, up 1.02 percent from HKD 78.45. The move came as investors weighed a higher interim dividend against weaker first-half headline earnings.

Dividend growth offsets earnings pressure

According to Yahoo Finance, China Mobile reported first-half 2026 operating revenue of CNY 538.0 billion, down 1.1 percent year over year. Net profit was CNY 78.9 billion, down 6.3 percent, while free cash flow increased 111.6 percent to CNY 53.9 billion.

The shareholder-return signal was stronger than the income statement. China Mobile declared an interim dividend of CNY 2.51 per share, up 0.3 percent year over year, while the Hong Kong dollar dividend rose 5.5 percent to HKD 2.9003 per share.

Cloud growth meets telecom pressure

The first-half mix shows where the company is trying to replace mature telecom growth. Computing services revenue rose 14.0 percent to CNY 52.9 billion, cloud computing revenue increased 18.0 percent, and intelligent computing revenue climbed 130.0 percent, according to Yahoo Finance.

The counterweight remains the core business. Principal business revenue fell 3.1 percent to CNY 452.7 billion, while revenue from other businesses rose 11.2 percent to CNY 85.4 billion in the first half of 2026.

DBS trims target to HKD 96

DBS maintained a Buy recommendation on September 4, 2026, but reduced its target from HKD 98.00 to HKD 96.00. The bank cited lower 2026 and 2027 earnings estimates linked to the VAT impact, while retaining a 14.00 times price-to-earnings valuation.

That target is 21.39 percent above the September 28 share price, using the target-price comparison method. For investors, the central tension is clear: dividend growth and digital services are improving the mix, while basic communications revenue and reported profit remain under pressure.

China Mobile stock stays below its yearly high

China Mobile stock was last at HKD 79.25 on the Hong Kong Stock Exchange on September 28, 2026, with a market capitalization of HKD 1,643.8 billion and a 52-week range of HKD 75.55 to HKD 88.90. The session volume was 16,712,964 shares.