I had initially covered China Mobile on the 7th Feb 2021. It is trading at HKD 48.65. Currently, it is trading at HKD 51.05.
The theory then is that
5G users and Average Revenue per User (ARPU) is going to rise
Cost of their deployment of 5G will be much lower leading to a significant cost advantage and return on investment.
This is an update on that theo…