China Mobile stock: On HKEX, China Mobile stock falls 3.66 percent

Published on 10/21/2026 at 16:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA set a HKD 98.00 target on October 16, 2026. China Mobile stock costs HKD 77.55 on October 21, 2026, down 3.66 percent on HKEX.

Trading and analyst signals

China Mobile stock fell 3.66 percent on October 21, 2026.
Bank of America Securities set a HKD 98.00 target on October 16, 2026.
China Mobile stock last stood at HKD 77.55 on HKEX on October 21, 2026 at 4:08 p.m. HKT, down 3.66 percent from HKD 80.50.
China Mobile's price to earnings ratio was 10.94 and market capitalization was HKD 1,611.6 billion.

China Mobile, HK0941009539, Illustration mit AI erstellt.

China Mobile stock fell 3.66 percent on HKEX on October 21, 2026, as the last traded price reached HKD 77.55, down from HKD 80.50. The move put the telecom operator near the lower end of its annual trading range. Bank of America Securities maintained a Buy rating and set a HKD 98.00 target on October 16, 2026, according to Markets Insider.

Bank of America targets HKD 98.00

The target stood 26.37 percent above the HKD 77.55 market price. Bank of America Securities also cited a user base of 1.00 billion mobile subscribers, 337.00 million broadband customers and 33.80 million corporate clients in its October 16, 2026 coverage. Its forecast called for earnings per share to grow at a 3.50 percent compound annual rate from 2026 to 2028, with projected 2026 earnings per share of RMB 6.05.

Stock nears its annual low

China Mobile traded between HKD 77.00 and HKD 79.90 on October 21, 2026. Its 52-week range was HKD 75.55 to HKD 88.90, leaving the stock 2.65 percent above the low and 12.77 percent below the high. Trading volume reached 49,300,864 shares.

Valuation and reporting date

The company had a price to earnings ratio of 10.94 and a market capitalization of HKD 1,611.6 billion on October 21, 2026. China Mobile's financial year ends on December 31, while its investor-relations page identifies HKEX stock code 941 and the Hong Kong listing.

On October 20, 2026, Longbridge reported that Citigroup kept a Buy rating with an HKD 97.00 target after third-quarter revenue of RMB 242.30 billion and net profit of RMB 27.30 billion. The report said revenue fell 3.40 percent year over year and net profit declined 12.40 percent.

Comparison with peers

China Mobile: down 3.66 percent, price to earnings ratio 10.94, market capitalization HKD 1,611.6 billion

China Telecom (HKEX, HKD): down 2.94 percent, price to earnings ratio 20.59, market capitalization HKD 510.0 billion

China Unicom (HKEX, HKD): down 3.59 percent, price to earnings ratio 6.97, market capitalization HKD 164.3 billion

Price remains near the lower range

The October 21, 2026 move left China Mobile 2.65 percent above its 52-week low, while the Bank of America target implied 26.37 percent upside from the last traded price. The next investor reference point is the company's reporting cycle and whether subscriber growth can offset pressure on service revenue.

China Mobile last traded at HKD 77.55 on HKEX on October 21, 2026 at 4:08 p.m. HKT, down 3.66 percent from HKD 80.50.