Topic: How To Invest

Hello Pat: Thank you for your excellent advice. What do you think of China Mobile? Thank you.

Article Excerpt

China Mobile Ltd. (ADR), $55.60, symbol CHL on New York (ADRs outstanding: 4.0 billion; Market cap: $223.6 billion; www.chinamobileltd.com) is China’s leading cellular service provider, with over 726 million customers and 64% of the country’s mobile market. In addition, the company operates the world’s largest cellular network and is the biggest wireless firm in the world by number of subscribers. It also provides cellular services in Hong Kong. China Mobile began trading on the New York and Hong Kong stock exchanges in October 1997. Each American Depositary Receipt represents five China Mobile common shares. Chinese government-owned China Mobile Communications Corp. owns 74.2% of China Mobile. In 2012, China Mobile’s revenue rose 6.1%, to $89.2 billion from $84.1 billion in 2011 (all figures in U.S. dollars). Earnings gained 2.7%, to $20.6 billion, or $5.12 per ADR, from $20.1 billion, or $4.99 per ADR. The company’s subscriber base grew by 9.3%, and its revenue from wireless data traffic (mostly from smartphone users)…