China Mobile stock targets October 21 results as AI revenue rises

Published on 10/07/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Mobile stock enters October 21 results with CNY 538 billion in first-half revenue. AI services reached CNY 49.3 billion, while UBS raised its target to HKD 95.

China Mobile, HK0941009539, Illustration mit AI erstellt.

China Mobile stock was trading at HKD 79.20 on the Hong Kong Stock Exchange on October 7, 2026 at 3:20 p.m. HKT, up 0.44 percent from HKD 78.85. The next major checkpoint is October 21, when the company is scheduled to report its third-quarter results, according to Investing.com.

AI growth meets weaker core revenue

China Mobile's first-half 2026 operating revenue reached CNY 538 billion, down 1.1 percent year over year, while net profit declined 6.3 percent to CNY 78.9 billion, according to Yahoo Finance in its August 13, 2026 transcript. The comparison shows the central tension for shareholders: traditional growth weakened, while newer technology businesses expanded.

Computing services revenue rose 14 percent to CNY 52.9 billion in the same period, and AI services revenue reached CNY 49.3 billion, up 0.9 percent year over year, Yahoo Finance reported. Data-center revenue increased 13.2 percent, with AIDC revenue rising 486 percent, giving the technology strategy greater operating weight.

Cash flow supports shareholder returns

Free cash flow increased 111.6 percent year over year to CNY 53.9 billion in the first half, while net cash from operating activities rose 37 percent to CNY 114.9 billion, according to Yahoo Finance. The cash-flow improvement contrasts with the 6.3 percent decline in reported net profit and remains important for the dividend case.

China Mobile declared an interim dividend of CNY 2.51 per share for 2026, an increase of 0.3 percent year over year. The Hong Kong share equivalent was HKD 2.9003 per share, up 5.5 percent, and management said the full-year payout ratio should be stable to rising, according to the same August 13, 2026 transcript from Yahoo Finance.

Analyst target stays above market price

UBS upgraded China Mobile from Neutral to Buy on September 11, 2026, and raised its target from HKD 83 to HKD 95, according to Moomoo. The new target lies 19.7 percent above the HKD 79.20 market price, while the report identified AI upside and dividend sustainability as key reasons for the upgrade.

The October 7 market price sat within a 52-week range of HKD 75.55 to HKD 88.90. That leaves the stock HKD 9.70 below the yearly high, while the upcoming quarterly figures will show whether computing and AI growth can offset pressure in the core communications business.

China Mobile stock holds above HKD 79

China Mobile stock was last at HKD 79.20 on the HKEX on October 7, 2026 at 3:20 p.m. HKT. The company's market capitalization was HKD 1.6 trillion, with 4,479,913 shares traded.