Citigroup in the mobile 4G competition is not conducive to profitability

third quarter results are expected to win the market, the market that its sustainable leadership, even if the 4G competition will not bring significant impact, but yesterday did not benefit from the stock, fell 0.5%, turnover of $ 1.1 billion The

Fixed growth is an important engine of revenue

Securities reported that China Mobile’s third quarter net profit rose 6.9% year on year to 29.4 billion yuan, 2.6% higher than the bank’s expectations, service revenue rose 7.4%, better than industry and China Unicom (00762) level. Fixed-line business to maintain strong growth, revenue and profit growth momentum.

The increase in data traffic during the period is 122%. The increase in revenue is likely to help offset the abolition of roaming charges. With fixed and mobile service packages, it will help reduce the churn rate and cost control. EBITDA profit margins rise, so in the 4G competition, the impact of profit down is limited.

China Mobile yesterday by steady, closed at 78.9 yuan, down 0.5%.

China Mobile announced its financial results for the first three quarters of the year ended Sept. 5, with operating income up 4.9% yoy to 569.5bn (RMB), while revenue from communications services rose 7.1% yoy to $ 51.5bn, Representing an increase of 4.6% over the same period last year to 92.1 billion yuan.

Morgan Stanley down to see quarterly earnings growth

Morgan Stanley continued to watch the move, saying its third-quarter revenue slowed to 3% year-on-year, up 5% in the second quarter, 10% in underperforming China Unicom, and predicting China Telecom (00728) %, But offset by strong growth in fixed-line sales.

Fixed-line services increased 69% year-on-year and 10.4 million customers, with average revenue per month rising 8.4% to RMB35.5.