CLSA CUTS OUTLOOK FOR CHINA MOBILE'S EBITDA PROFIT MARGIN TO 53%
AsiaInfo Services, May, 2005
AsiaInfo Services 05-30-2005 CLSA Cuts Outlook for China Mobile's EBITDA Profit Margin to 53% HONG KONG, May 30, 2005 (SinoCast via COMTEX) -- On May 27, Credit Lyonnais Securities Asia (CLSA), a leading brokerage and investment banking house in the region, declines its expectation for the EBITDA profit margin of China Mobile (NYSE: CHL, SEHK: 0941) in2005 from 54% to 53%, after Wang Jianzhou, chairman of the listed company, announcing the estimated decrease in gross profit margin in the remained months this year. As the largest mobile telecom carrier in China, China Mobile predicts that its users would increase by 3 million monthly in 2005 but its gross profit ratio would slide further in the coming months.
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