UBS: Cuts China Mobile (00941.HK) target price to HK$93, maintains "Buy" rating.

Zhitong Finance APP has learned that UBS released a research report stating that China Mobile's (00941.HK) third-quarter results reflect operating pressure beyond the impact of value-added tax. The bank has lowered its net profit forecasts for 2026 to 2028 by 2% to 5%, assuming slower revenue growth in traditional telecommunications services, and has rolled forward its DCF valuation by three months, thereby cutting its target price by 2% to HK$93. It expects dividends to remain stable and maintains a "Buy" rating.