The Zhitong Finance App learned that UBS released a research report saying that the third quarter results of China Mobile (00941.HK) showed that operating pressure exceeded the impact of VAT. The bank lowered its net profit forecast by 2% to 5% from 2026 to 2028, assuming a slowdown in revenue growth from traditional telecommunications services and moving the DCF valuation forward by three months, thus lowering the target price by 2% to HK$93. It is expected that dividends will remain stable and maintain a “buy” rating.

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