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Fly News Breaks for August 15, 2019
CHL
Aug 15, 2019 | 07:59 EDT
Bernstein analyst Chris Lane upgrade China Mobile to Outperform from Market Perform as his fears of a capex blowout have been alleviated and he now believes the 5G rollout can be completed without a substantial ramp up in total annual capex. The analyst notes that the company pledged to "maintain the dividend per share" for the full year, which implies a higher dividend for the second half of the year that will add support to the stock.
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