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Enough top-performing CAPS members have turned bullish on China Mobile
While the global economy has slowed dramatically, China Mobile's 2008 profit still managed to jump nearly 30%, as revenue grew 15.5% to $60 billion. The company added more than 7.3 million subscribers per month last year, reaching 457 million customers. It enjoys a 70% share of China's wireless market, and its sheer size dwarfs domestic rivals, including domestic competitor China Telecom's
China Mobile even outsizes its international peers, serving more than five times the number of customers of AT&T
While new competition coming from industry restructuring has some investors concerned, China Mobile barrels ahead with advanced services to differentiate it from new rivals. Nokia Siemens – a joint venture between Nokia
To see what the very best CAPS analysts are saying now about China Mobile -- as well as other winning stocks they are picking -- head on over to CAPS and have a look. The community research and resources in CAPS are totally free, unlike analyst opinions reserved for paying clients.