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CHL - China Mobile: All Eyes On ARPU Growth And Investment Ban
China Mobile Limited
China Mobile's mobile APRU growth rate reversed from a -3.7% YoY decline in 1H 2020 to a +2.3% YoY growth in 3Q 2020.
The Trump administration imposed a ban on U.S. investments in Chinese companies linked to the military, and China Mobile's parent is one of the Chinese companies on the initial list.
China Mobile trades at 7.2 times forward next twelve months' P/E and 1.3 times forward next twelve months' EV/EBITDA, and it offers a forward FY 2021 dividend yield of 7.8%.