paytoplaynftgames| UBS: Maintain China Mobile's "Buy" rating target price of HK$85

UBS released a research report sayingpaytoplaynftgames, maintain the "Buy" rating of China Mobile (00941) with a target price of HK$85. The company's communications services revenue in the last quarter was RMB 219.3 billion, a year-on-year increase of 4.4 billion.paytoplaynftgames.5%, and 1% higher than market expectations. EBITDA was RMB 78 billion, down 2.3% year-on-year and lower than market expectations due to increased sales expenses and credit impairment losses. Net profit increased by 5.5% year-on-year, benefiting from China Mobile's extension of the depreciation life of 5G assets from 7 years to 10 years starting this year, thus reducing depreciation. The bank expects investors to hold a neutral attitude towards this performance. The bank pointed out that the company's net profit growth in the first quarter was basically consistent with management's good growth guidance for the whole year, which the bank understood as a growth of more than 5%.