CHINA MOBILE SEES ITS STOCK PRICE HIT RECORD HIGH
AsiaInfo Services, August, 2006
AsiaInfo Services 08-07-2006 China Mobile Sees Its Stock Price Hit Record High BEIJING, Aug 07, 2006 (SinoCast via COMTEX) -- China Mobile, the world's largest mobile operator by subscribers, saw its stock price surge time after time, which closed at HKD 50 last friday, the highest record in five years. The saying of prolonged release of 3G licenses is the main stimulator behind the rise of stock price, disclosed an insider.
China Mobile finished the day at HKD 49.6 on August 2, up 0.16%, with its market capitalization approaching HKD 1,000 billion. The date for the release of 3G licenses has been delivering a big impact on the stock price of the company. Its stock price had kept dropping since 2001 and slipped to the lowest level of around HKD 15, then...
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