Posted on 11 August 2009
Chinese mobile communications giant China Mobile (CHL) once again is today’s top mover by market capitalization.
China Mobile Ltd. [[CHL]]had a strong trading day Monday, gaining more than $4.53 billion in market capitalization on the heels of Friday’s $4.37 billion gain. China’s largest cellular company by subscribers is perhaps up on the momentum provided by a number of significant analyst upgrades for Chinese mobile companies – China Telecom Corp. [[CHA]] and China Unicom [[CHU]] were both upgraded from “Hold” to “Buy” – as well as general bullishness on the state of the Chinese economy which has helped China Mobile shares gain more than 22% over the last month.
Posted on 10 August 2009
China Mobile (CHL) and China Petroleum & Chemical Corp. (SNP) are the top Chinese movers of the day by market capitalization, though shares of these giants in moved in opposite directions.
China Mobile Ltd. [[CHL]] gained more than $4.37 billion in market capitalization Friday as shares gained 1.94%. Shares of China’s largest cellphone company moved on news that its new online application store, Mobile Market, would go live this month.
China Petroleum & Chemical Corp. [[SNP]] lost more than $2.31 billion in market capitalization Friday as shares lost 2.95%. The company better known as Sinopec was particularly hard hit on a day that was generally bad for energy companies. The energy sector lost 0.28% of its value with PetroChina Company Ltd. [[PTR]] and CNOOC Ltd. [[CEO]] also down.
Posted on 29 July 2009
China Mobile (CHL) is today’s top Chinese stock mover, adding more than $5.4 billion in market capitalization.
China Mobile Ltd. [[CHL]], China’s largest cellphone company which can brag it has more subscribers than the U.S. has citizens, is up more than 7% over the last five days. Today the company added more than $5.49 billion in market capitalization thanks to its 4 billion outstanding shares.
It was announced today the China Mobile is partnering with China Telecom [[CHA]] to battle the Apple [[AAPL]] iPhone. The iPhone is going to be exclusively offered by China Mobile’s smaller competitor China Unicom [[CHU]], in a coup for the company. China Mobile and China Telecom plan on offering the “OPhone,” which Lenovo Group is helping to develop based on Google’s [[GOOG]] Android operating system for cellphones. The OPhone will even have its own version of the iPhone’s “App Store” named MobileMarket.
Posted on 28 July 2009
China Mobile (CHL) is among today’s top gainers by market share while Changyou.com (CYOU) was among today’s top losers by percentage change.
China Mobile Ltd. [[CHL]] gained more than 3.3% in normal trading today. China’s largest cellphone company added more than $13 billion in market capitalization despite no news to report.
Changyou.com Ltd. [[CYOU]] lost more than 8.3% despite reporting excellent second quarter results today. The Chinese online game maker recently spun-off from Sohu.com [[SOHU]] reported earnings and revenue in excess of analysts’ expectations, with non-GAAP net income of $0.75 per share on a record $66.6 million in revenue. Furthermore, Citigroup reaffirmed its ‘Buy’ rating and $45 price target on the shares.