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Why China Mobile gets no bounce on Apple deal?
Posted on 1/15/14 at 8:08 am
Posted on 1/15/14 at 8:08 am
I am on the wrong side of this bet. I bought into CHL last week betting on the come from APPL. Now it has happened, APPL gets a boost and CHL drops. APPL must have cut another cruel deal, but I still expected a positive bump for CHL. Wrong. Why?
Posted on 1/15/14 at 9:14 am to ynlvr
quote:
I am on the wrong side of this bet. I bought into CHL last week betting on the come from APPL. Now it has happened, APPL gets a boost and CHL drops. APPL must have cut another cruel deal, but I still expected a positive bump for CHL. Wrong. Why?
You are WAY too late if you bought in last week, thinking to get a bump from that deal.
Also who do you think stands to benefit more from this deal?
The answer is apple all the way.
This post was edited on 1/15/14 at 9:16 am
Posted on 1/15/14 at 9:31 am to barry
quote:
You are WAY too late if you bought in last week, thinking to get a bump from that deal.
It hit a six month low last week and it's down about 12% over the last 12 months. Where was the entry point? 2011?
I don't think timing was my biggest problem here.
Posted on 1/15/14 at 9:49 am to ynlvr
quote:
I don't think timing was my biggest problem here.
Thats why i added the part about who has what to gain. Its a way bigger deal for apple than CHL
This post was edited on 1/15/14 at 9:50 am
Posted on 1/15/14 at 10:50 am to ynlvr
quote:
I am on the wrong side of this bet. I bought into CHL last week betting on the come from APPL.
I've been looking at CHL for several months - I bought several weeks back - before I even sniffed the Apple deal - I expected a bump, too.
I'm happy with my entry point and I'm happy with the dividend (albeit only biannual), but I have the same question as you - as a shareholder - shouldn't there have been an initial bump from this deal? If not, once the phones get out and profits rise, will there be a sustained rise in value/increase in dividend?
If both of those questions end up being answered in the negative, I will consider closing the position.
Posted on 1/15/14 at 11:14 am to Ace Midnight
800K shares traded so far today is pretty high for this stock. It may still float up but I'm not impressed so far. True statement on the 4.43% yield. On the other hand, we know going in the Chinese stock market is less transparent than US federal gov.
Posted on 1/15/14 at 11:29 am to ynlvr
quote:
On the other hand, we know going in the Chinese stock market is less transparent than US federal gov.
True - I factored all that in, with the large potential customer base, in my analysis of entry point and risk.
Posted on 1/15/14 at 11:35 am to ynlvr
If it hit a six month low last week why buy it...let it show some upside first.
Also, as a whole, the Chinese economy is not doing well. The SSEC is down 66% from its 2007 high. Why invest in that market when the US market is making new all time highs as we speak?
Also, as a whole, the Chinese economy is not doing well. The SSEC is down 66% from its 2007 high. Why invest in that market when the US market is making new all time highs as we speak?
This post was edited on 1/15/14 at 11:39 am
Posted on 1/15/14 at 11:43 am to LSU0358
quote:
Why invest in that market when the US market is making new all time highs as we speak?
I did it because the price was attractive, for diversification (about 80% of my portfolio is in S&P 500/Dow/Nasdaq funds or stocks), market potential and the attractive dividend.
You know there are 1.3 billion people in China, with thousands more born every day and they all want cellular phones, right?
Let's keep the conversation focused on "Why China Mobile gets no bounce on Apple deal?"
I think it's been answered - Apple makes deals that end up benefitting Apple more than their "partners".
Posted on 1/15/14 at 12:21 pm to Ace Midnight
quote:
"Why China Mobile gets no bounce on Apple deal?"
I can assure you that the overall health of the market a company operates in has influence on how well a stock does, so my comment is applicable. I did make one mistake, CHL trades on the Hong Kong exchange (HSI) and not the Shanghai (SSEC exchange. The HSI is still over 30% off its all time highs.
quote:
You know there are 1.3 billion people in China, with thousands more born every day and they all want cellular phones, right?
Yes, I know that. I also know that CHL already has roughly 760 million customers . How many will they add in a down economy when they had over 50% market share already? Also, other carriers in China already carry iPhones. Many of the "I have to have an IPhone crowd" will already be with those carriers.
This post was edited on 1/15/14 at 12:28 pm
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