Investment Daily Note

Market Highlights

At the "Mobile World Congress Shanghai", China Mobile (941.HK)said that as at Jul-10, the company's 4G subscribers have reached nearly 200 million, with 4G penetration rate at around 21%, noting that further growth was expected. The company continued that future business growth focus would be the business of data usage. We expect the above remarks regarding subscriber growth would lend support to China Mobile's share price.

COLI (688.HK) announced that contracted sales for the first six months of the year was HK$85.452 billion, up 17% YoY. As the sales growth was satisfactory, we think COLI's share price would be supported.