Analysts at Credit Suisse reiterate their "neutral" rating on
China Mobile Limited (CHL.NYS). The target price has been raised from $88.00 to $88.50.
In a research note published this morning, the analysts mention that the share prices of fixed-line operators have recently appreciated, and the valuation gap with China Mobile has narrowed. The company intends to closely control marketing expenses in view of its weak margins in 4Q06 and 1Q07, the analysts say. China Mobile¨s margins are likely to recover in the upcoming quarters, Credit Suisse adds.
Source: newratings
