CHU - China Mobile: Financial Strength Amid Stock Price Fluctuation

When I came across China Mobile (CHL) during my coverage of mobile equipment manufacturers, I was amazed to learn that this telecom service provider serves 950 million mobile customers and was among the first in the world to launch a 5G infrastructure.

However, the stock price, despite some temporary gains, has been on a net downwards trend. This fall, more evident as from May, is in the opposite direction to the wider telecom industry.

Figure 1: Comparing CHL's stock evolution with the industry

Data by YCharts

Moreover, the backlash by the U.S. Department

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