UBS raises target for China Mobile stock from HKD 83.00 to HKD 95.00

Published on 10/06/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was CNY 538.0 billion in first-half 2026, down 1.10 percent. For China Mobile stock, net profit was CNY 78.9 billion, down 6.30 percent.

China Mobile, HK0941009539, Illustration mit AI erstellt.

UBS upgraded China Mobile to Buy and raised its target for China Mobile stock from HKD 83.00 to HKD 95.00 on September 9, 2026, according to Moomoo. The move puts the analyst view against a mixed first-half operating picture and a faster expansion in computing services.

UBS target rises to HKD 95.00

The September 9 UBS action moved the target from HKD 83.00 to HKD 95.00 and changed the rating from Neutral to Buy. The report cited dividend downside as priced in and argued that the upside from artificial intelligence was undervalued, as reported by Moomoo.

China Mobile's next earnings report is scheduled for October 21, 2026, according to Investing.com. That date gives the market a near-term checkpoint for whether the company can translate its newer growth businesses into stronger group results.

Computing services offset telecom pressure

In the first half of 2026, operating revenue reached CNY 538.0 billion, down 1.10 percent year over year, while net profit was CNY 78.9 billion, down 6.30 percent. The figures were reported in the company earnings call transcript carried by Yahoo Finance.

The mix is more constructive beneath the headline decline. Computing services revenue rose 14.00 percent to CNY 52.9 billion, while free cash flow increased 111.60 percent to CNY 53.9 billion in the same period, according to Yahoo Finance. The contrast is material: core telecom services remained under pressure while cloud, data-center and artificial-intelligence investments supplied the clearest growth signal.

Stock context before October results

A review of the 2026 interim report said communications-services revenue fell 5.70 percent year over year, while computing-power services accelerated, with China Mobile also paying an interim dividend of CNY 2.51 per share, up 0.30 percent. Futunn reported the figures on September 26, 2026.

On October 6, 2026, China Mobile was last at HKD 78.85 on HKEX at 4:08 p.m. HKT, versus HKD 78.90 previously. The finance profile identifies China Mobile Limited as a telecommunications-services company listed under ticker 0941 and ISIN HK0941009539, while the company investor-relations page lists HKEX as its ordinary-share venue.

HKD 78.85 against the yearly range

China Mobile's market capitalization was HKD 1.6 trillion on October 6, 2026, and its 52-week range was HKD 75.55 to HKD 88.90. The stock therefore sat inside a broad range as investors weighed UBS's higher target against weaker reported revenue and profit.