G Sachs maintains a Neutral rating on CHINA MOBILE due to a mixed performance in 1Q26, where operating revenue met expectations but EBITDA fell short. The company is focusing on enhancing efficiency and promoting computing services, despite short-term pressures from weak 5G base station deployment. The broker raised profit forecasts for 2026-2027 based on expected growth in AI and computing services, leading to an increase in the target price.
